"The economics of this moment are not complicated: A self-sustaining recovery cannot occur unless the virus is controlled," write Janet Yellen, former chair of the Federal Reserve, and @econjared. nyti.ms/3gsxTVv
Data is showing consumer spending slowing overall and deteriorating conditions for low-income households, who have become more anxious about how they will pay for their rent and their food. nyti.ms/3gsxTVv 
"These numbers reflect the confluence of at least 3 forces: acceleration of the spread of the virus; expiration of the supplemental federal unemployment benefits; and the ending of various eviction moratoriums," write Yellen and Bernstein. nyti.ms/3gsxTVv
About 80% of Americans live in places that are pausing or dialing back reopening.
Yet the Senate left for its recess without a compromise plan on a coronavirus relief bill for states, cities, the unemployed, businesses and the public health system. nyti.ms/3gsxTVv
Yet the Senate left for its recess without a compromise plan on a coronavirus relief bill for states, cities, the unemployed, businesses and the public health system. nyti.ms/3gsxTVv
"If senators still fail to resolve stalled negotiations when they return after Labor Day, millions of needy Americans will suffer — and the overall economy could degrade from its current slow rebound in growth to no growth at all." nyti.ms/3gsxTVv
