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As hopes fade for a major stimulus, here’s what it means for the fragile economy

November 4, 2020

Via: CNBC

As the question remains over who will capture the hotly contested presidential race, one casualty quickly emerging from fallout is the massive stimulus package Democrats were hoping to get to boost the economy.

A blue-wave victory in Tuesday’s elections was expected to cement funding as high as $3 trillion.

Instead, the likelihood that the Senate will stay in Republican hands, combined with a presidential race that at least is tilting to Democrat Joe Biden, likely translates into something smaller — or no deal at all.

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