Each day that goes by without a COVID-19 stimulus agreement is another day of worry for many in America's middle class, which was already shrinking before the pandemic began.
Axios Re:Cap digs into middle class myths and realities with Jim Tankersley, a New York Times economics reporter and author of the new book, "The Riches of This Land."
August recess was supposed to start for Congress this week, but stimulus negotiations fell apart last week — prompting President Trump to circumvent Congress and attempt to extend programs put in place by the CARES Act via executive action. Now, it’s unclear if Congress is still negotiating, let alone if they’re any closer to a compromise.
Axios Re:Cap dives into what happens next — for Trump's executive actions and for congressional negotiations — with Washington Post White House economics reporter Jeff Stein.
California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images
California will "independently review" all coronavirus vaccines approved by the Food and Drug Administration before allowing their distribution, Gov. Gavin Newsom (D) announced at a news conference Monday.
Why it matters: The move that comes days after NAID director Anthony Fauci said he had "strong confidence" in FDA-approved vaccines could cast further public doubt that the federal government could release a vaccine based on political motives, rather than safety and efficacy.
Illustration: Annelise Capossela/Axios