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August 7, 2020 Welcome to this edition of The Reader, a weekly roundup of Fortune stories and insights you need to know.
I'm Lance Lambert, Fortune's reporter focused on Congress's stimulus bill.
Today, we learned the unemployment rate dropped from 11.1% in June to 10.2% in July, soundly beating consensus estimates.
But this means 16.4 million Americans are still out of work—three times the jobless levels pre-COVID-19. And Congress's enhanced $600 weekly unemployment benefits have just expired.
What will Congress do? Democratic and Republican leaders are set to meet today to discuss a broad stimulus bill, which would replace the previous unemployment benefits and include a second round of stimulus checks.
Read below for my reporting on where they stand. Lance Lambert
P.S. Become a premium member and get access to Fortune Analytics, my weekly newsletter of business insights based on exclusive surveys and proprietary data.
MUST READ ‘A lot of progress’ made on enhanced unemployment extension, but ‘major disagreement’ is delaying it
The two parties are finally making progress, including on replacing the expired $600 weekly enhanced unemployment benefits. They're still in disagreement, however, on funding for states and schools.
BY LANCE LAMBERT AUGUST 7, 2020
FINANCE
When your second stimulus check could arrive—once Congress actually passes a new relief bill
The checks for many Americans could come as early as two weeks after President Donald Trump signs the bill. BY LANCE LAMBERT AUGUST 3, 2020
POLITICS
A comprehensive guide to voting in all 50 states in the 2020 election
At least 78% of Americans will be able to cast ballots by mail come this fall. BY NICOLE GOODKIND AUGUST 6, 2020
ECONOMY
Why the economy is recovering in some states, but others remain at Great Depression–era levels
BY LANCE LAMBERT AUGUST 6, 2020
MUST WATCH The U.S. added 1.7M jobs in July
And the unemployment rate dropped to 10.2%.
Here's a peek at Fortune Analytics, our exclusive newsletter for Premium subscribers—written by Lance Lambert!—that brings you weekly business insights based on timely data analysis by our editorial team and exclusive polling.
This week, we got an exclusive look at Salesforce's proprietary data to learn how the pandemic is impacting workers.
69% ... of U.S. workers say the pandemic will permanently change the nature of work in their own career.
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More essential reads
From the archives
“It's no secret that the government is borrowing huge sums of money. What may surprise you is how much of it is coming from the United States.
Rising domestic demand for U.S. debt allowed the government to sell more than $1.7 trillion of Treasurys during fiscal 2009. Those sales paid for billions of dollars of stimulus spending, without drawing unusually large contributions from overseas creditors such as China or triggering a long-feared interest rate spike.” —Where does stimulus money come from? by Colin Barr, January 2010 . This email was sent to newsletter@newslettercollector.com Unsubscribe | Edit your newsletter subscriptions
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