UBS On-Air: Paul Donovan Daily Audio 'An economic shot in the arm?'

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US politicians are talking about using the weirdly precise USD 908bn fiscal proposal as a basis for a compromise package. This would be more about stabilizing than stimulating the economy, but increasing the unemployment benefit reduces the fear of people in work and encourages them to spend the savings accumulated during lockdowns. Aside from the difficulties of getting a deal through Congress, there is uncertainty about whether US President Trump would sign the bill. (Overnight US President Trump threatened, by tweet, to veto the defense bill.)

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