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Countdown: Emerging varieties, crippled economies can cause problems for the Biden administration

New York (WABC)-The “countdown” is here to keep up with all the political news of the day.

You can watch it online, in the ABC7NY app, or in the Connected TV app for Fire, Roku, Apple TV, and Android TV. click here You can know in detail.

Today’s Political Headlines:

The latest pandemic
Rick Kline, ABC’s new political director, said the coronavirus is a reality and “an idea for the moment of mission achievement … it’s a distant dream.” According to today’s employment report, the US economy is “significantly stronger” than it was a year ago, with 210,000 new jobs and an unemployment rate of 4.2% in November. Regarding finding a way for President Biden to move the agenda forward in this economic downturn, political analyst Hank Scheinkov said he was forever known as “unlucky Biden” because nothing goes in his direction. Say it may be. “”

Biden signs a temporary funding bill to keep the government running

President Joe Biden has signed a temporary spending bill to keep the federal government in place until February 18. The White House thanked the work of Congressional leaders. Vaccine obligations.

Biden said last Friday that it was worth praising the bipartisan, “financing the government is not a big achievement, it’s the bare minimum of what you have to do.” The bill will continue to operate the government for another 11 weeks, generally at current spending levels, while adding $ 7 billion to support Afghan refugees.

Stock prices fall after uncertain work is reported as markets fluctuate
Wall Street ended the rugged week with even more losses on Friday, following a mixed reading on the US job market that investors said was difficult to analyze. The S & P 500 gave up its early rise and fell 0.8%. The Benchmark Index soared by at least 1.2% for the fifth straight day, overwhelmed by uncertainty about how the latest coronavirus variants and when the Federal Reserve will stop supporting the market. .. Treasury yields fell, rose, and fell again as investors struggled to square what the Fed did with employment reports.

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Countdown: Emerging varieties, crippled economies can cause problems for the Biden administration

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