The news cycle has quickly turned, as it often does, and the past week was one where the national focus has switched from the coronavirus outbreak to the police killing of George Floyd in Minneapolis, and broader issues of social justice. Peaceful protests took place in many cities, but so did riots, shocking the country. Nevertheless, the week ended with a surprisingly much less bad than expected jobs report. See page 1.

While an unemployment rate of 13.3% was lower than anticipated it remains higher than any other recession since WW II. The focus in Washington will now turn to whether or not, and on what time frame, to extend programs that softened the blow of closing down most businesses in the nation.

Prior to Memorial Day the House passed a $3 trillion Phase 4 coronavirus relief package; it arrived in the Senate with Republicans taking the position that time was needed to see what the impact of earlier measures had been. Clearly today's jobs report will strengthen the hand of those who oppose another large relief package.

Even prior to the jobs numbers a consensus appeared to be developing among Republican Senators that another $1,200.00 stimulus check, contained in the House bill, was not the right action; but there was backing for some action to extend the supp...

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