A sharp spike in COVID-19 cases across the U.S. is threatening the economic recovery and increasing the odds of a double-dip recession.
Daily coronavirus infections surpassed 100,000 for the first time earlier this month; since then, they have surged past the 150,000 mark. At the same time, congressional leaders appear increasingly unlikely to strike a deal on another COVID-19 relief package, even as another round of key unemployment benefits is set to expire in the coming weeks.
Economists across the political spectrum have consistently warned that sustained growth is dependent on getting the coronavirus under control, with many now viewing the rise in infections with heightened concern. Continue reading.