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This is your Second Stimulus Check update, stimulus package update, and stimulus check 2 update as of Thursday, November 26th for the new stimulus bill. This video covers the second stimulus package, the stimulus update, the new stimulus package, the economy, and the stock market, and the contested election. ✅ Join our private community over at Patreon for exclusive access to my personal portfolio:

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White House trade adviser Peter Navarro said yesterday on Wednesday that its time for another round of stimulus package to pass, as it's been eight months since Congress passed any significant legislation to help Americans during the pandemic. Navarro's comments on Wednesday came hours after the Labor Department released data showing unemployment claims rose for the second week in a row as coronavirus cases spike across the country. And he said, that “what I'm worried about is there are millions of Americans out there at risk of falling into this chasm where they don't have sufficient support,"

Navarro added that while "there is a lot of arguing going on," in Congress, three main points need to be addressed in an economic relief package: helping small businesses by replenishing the Paycheck Protection Program, sending another round of stimulus checks to families and extending emergency unemployment compensation. Navarro said how “The administration has done a very good job up to this point," but now ”we are facing a chasm ahead for millions of Americans unless there can be a bipartisan come-to-agreement moment on these core elements." Unless Congress can pass a new deal in the next few weeks, an estimated 12 million workers will lose their unemployment benefits on December 26 and many people will get evicted from their homes. Negotiations for another relief package have stalled in recent months, with Republicans and Democrats offering competing plans.

The latest surge in virus cases, coupled with the government’s failure to pass another stimulus package, is exacerbating the stress and anxiety felt by hundreds of thousands of retailers nationwide. Tom McGee, International Council of Shopping Centers CEO said that “he fears if we continue to have the coronavirus cases we're having right now, and that we experience some type of additional lockdown, we will have a lot of empty storefronts across our country,” He old Yahoo Finance Live, adding that the situation is about to go from bad to worse and he thinks its absolutely “critical for the government to act.”

Leaders on both sides of the aisle have faced criticism for leaving Washington, , for the Thanksgiving break without coming to an agreement on a relief package. Representative Alexandria Ocasio-Cortez said in a floor speech last week that “Just a day or two ago, the Senate majority leader, Senator McConnell, decided to break the Senate for a Thanksgiving recess”. She explained how he “broke the Senate as there are thousands of people in Texas lined up for food lines.” “He broke the Senate while hospitals no longer have beds to house the sick and he broke the Senate, and dismissed the Senate, while 30 million Americans are on the brink of eviction."

House Speaker Nancy Pelosi has faced started to face pressure from her own party to accept a smaller relief package so Americans can get much-needed financial assistance by the end of the year. Pelosi acknowledged that "we have to get something done" during her weekly press conference last Friday. “And, again, they have been resistant on many of the things that we consider priorities, but everybody knows people are hungry, people are fearing evictions, people need the CARES Act provisions to be extended that address unemployment insurance and the rest,"

#StimulusUpdate #StimulusCheck #StimulusPackage
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