The Morning Dispatch: Bad News for the Economy
Happy Friday! The next time we’ll be in your inbox, it’ll be August. Wild.
Quick Hits: Today’s Top Stories
The United States confirmed 67,317 new cases of COVID-19 yesterday, with 8.2 percent of the 819,270 tests reported coming back positive. An additional 1,347 deaths were attributed to the virus on Thursday, bringing the pandemic’s American death toll to 152,055.
The U.S. economy shrunk a record amount—an annualized rate of 32.9 percent—in the second quarter, per data released by the Commerce Department on Thursday.
The CARES Act’s supplemental unemployment benefits of $600 per week will expire today for millions of Americans after the Senate adjourned for the week without reaching consensus on the next stimulus bill.
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