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Reproduced from Homebase; Chart: Axios Visuals 

President-elect Joe Biden is building an economic team to deal with a post-COVID economic free fall, and a jobs report coming out Friday — expected to show reduced hiring last month — is anticipated to give that group a preview of coming attractions.

Why it matters: Biden's economic advisers are worried any failure to inject money into the economy now will only multiply their challenges once they take office, but President Trump remains fixated on litigating his election loss.

Between the lines: Data from Homebase, which manages digital timecards for 100,000 small businesses and is monitored by Trump's Council of Economic Advisers, could show hiring down to pre-summer levels.

  • Biden's team has always contemplated the need for lame-duck stimulus but there has also been concern that it could crowd out his $3 trillion "Build Back Better" plan.
  • Many Democrats worry that if Senate Majority Leader Mitch McConnell agrees to any additional relief this month, he'll be hesitant to open the checkbook again next year.

But, but, but: Some Democrats close to Biden argue that the immediate dangers — from a potential eviction crisis to food insecurity — grow with every day of inaction.

  • While Biden fully endorsed House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer's stimulus effort this week, he said on CNN that it would just be a "start."
  • “We are going to need more,” he said. “I am going to have to ask for more.”

The bottom line: As in the beginning of the Obama administration, the Thursday nights before a jobs report will be tense in the White House. That is when Cecilia Rouse, Biden's choice to lead the Council of Economic Advisers, will give him a memo breaking down the next day's press release.

Go deeper

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Updated Jan 22, 2021 - Politics & Policy

Biden to attempt "emergency economic relief" by executive order

President Biden. Photo: Mark Wilson/Getty Images

President Biden will continue his executive action blitz on Friday, issuing two more orders in an attempt to provide immediate relief to struggling families without waiting for Congress.

Why it matters: In his second full day in office, Biden is again resorting to executive actions as he tries to increase payments for nutritional assistance and protect workers' rights during the pandemic.

Focus group: Former Trump voters say he should never hold office again

Illustration: Sarah Grillo/Axios

"Relief" is the top emotion some swing voters who used to support Donald Trump say they felt as they watched President Biden's swearing-in, followed by "hope."

Why it matters: For voters on the bubble between parties, this moment is less about excitement for Biden or liberal politics than exhaustion and disgust with Trump and a craving for national healing. Most said Trump should be prohibited from ever holding office again.