The US GDP fell by 32.9 percent last quarter. This eliminates any growth alienated in the past five years. The announcement comes just days before an estimated 30 million Americans will lose $600 in extra unemployment benefits. Senate Republicans had suggested a plan that would have reduced that payment by $400 to only $200. Since no deal was reached, those extra dollars have now stopped.
Twenty Republican Senators have indicated that they want no economic stimulus package for workers in the face of the historic GDP loss. “We are trying to negotiate with the White House and would welcome negotiations with our Senate colleagues. But the reason negotiations are going nowhere right now is that Republicans are so divided, and no one is in charge.” Said Senator Schumer(D-NY).