In a Fox News interview, the US Senate Republican leader McConnell says that the White House coronavirus aid negotiators have not spoken to top democrats in Congress today. Market implications “If Congress underestimates the economic tidal wave that is coming, even by the smallest of margins, we are all going to be swept away,” said Illinois State Treasurer Michael Frerichs. Already, the US Labor Department has reported that some 1.5 million state and local government jobs were lost from February to June, adding to the tens of millions of private-sector jobs that have been shed nationwide. For the moment, struggling small businesses are running out of their initial aid with no replenishment in sight. State and local governments face mounting budget shortages that could spur significant layoffs this fall. And schools are waiting on much-needed funding to open safely. Struggling households bolstered by previous direct federal payments may get no more cash anytime soon. And expanded unemployment benefits may drop substantially — even if Trump’s move survives in court — while millions remain out of work. Trump’s payroll tax deferral could also prove difficult to implement and is, at least for now, only a temporary reprieve rather than a permanent cut, POLITICO Perhaps we are already starting to see the markets finally starting to read between the lines. The US benchmarks are markedly lower in recent trade, now losing some 0.5% in the final hour of trade as scepticism mounts. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Silver Price Analysis: XAG/USD continues to dive and briefly printed below $25 FX Street 2 years In a Fox News interview, the US Senate Republican leader McConnell says that the White House coronavirus aid negotiators have not spoken to top democrats in Congress today. Market implications "If Congress underestimates the economic tidal wave that is coming, even by the smallest of margins, we are all going to be swept away,” said Illinois State Treasurer Michael Frerichs. Already, the US Labor Department has reported that some 1.5 million state and local government jobs were lost from February to June, adding to the tens of millions of private-sector jobs that have been shed nationwide. For the moment, struggling small… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.