With the federal unemployment compensation benefit having expired last month and negotiations over a new economic rescue package having broken down, a top House Democrat is pointing fingers at the one individual responsible for preventing a deal from happening.

House Speaker Nancy Pelosi clearly pinned blame on Republicans for a failure thus far of negotiations to produce a new economic stimulus package, which is a goal both sides say that they want.

After promising to kill it just last month, the top White House economic adviser is now reversing course and promising to extend a special $600 federal unemployment compensation benefit.

Sen. Ron Wyden, the top Democrat on the Senate Finance Committee, on Tuesday called on Congress to extend the unemployment benefit in recent coronavirus stimulus legislation that gives unemployed workers an additional $600 in weekly jobless benefits.

After the Friday release of the federal government's shockingly good jobs numbers, some worried that Trump administration officials were cooking the books in an effort to aid Donald Trump's re-election bid. But that doesn't appear to be the case, according to economist and New York Times columnist Paul Krugman.

With the US unemployment rate unexpectedly dropping to 13.3 percent, from 14.7 percent, "now is the worst possible moment to take our foot off the gas," House Speaker Nancy Pelosi advised, calling for swift Senate approval and passage into law for the HEROES Act which the House approved last month.

Although the US economy eventually will rebound, many American industrialists likely will use the current downturn to come out the other side more profitable--at the expense of American workers, New York Gov Andrew Cuomo (D) predicted.

Presumptive Democratic presidential nominee Joe Biden said that while the recovery of the US economy may be some time off, if elected president in November, the tax policy that he would support would be one which emphasizes the value of work over wealth.

The economic fallout from the COVID-19 pandemic will cost the United States the permanent loss of many more jobs than the nation lost in the midst of the Great Recession more than a decade ago, according to entrepreneur and former presidential candidate Andrew Yang.

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