In a worst-case scenario, where Washington remains gridlocked and the virus remains out of control, he sees “two major waves of additional unemployment" in the months ahead on top of the millions who are already out of work.

In recent days, the window of opportunity for additional coronavirus stimulus has gradually closed more and more as Republicans and Democrats continue talking past each instead of negotiating. On Friday Senate Majority Leader Mitch McConnell added to the sense that a deal was unlikely, reportedly saying: "I wish I could tell you we were going to get another package, but it doesn’t look that good right now."

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