Congress passed a $2 trillion relief package at the end of March. Yet one element — $600 in extra weekly unemployment benefits for workers who lost their jobs during the pandemic — has become a major source of tension.
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But that's not the only issue keeping investors up at night. There's also a growing fear that government officials could pull crucial relief for struggling businesses and workers too soon — creating a"benefits cliff" that undermines the fragile gains logged since April.In focus: That additional $600 per week has helped restart consumer spending, which drives the US economy, Deutsche Bank strategists told clients this week.
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