Biden vows to help US economy as virus spike drives job losses

Washington (AFP) – The US economy lost 140,000 jobs in December as the worsening coronavirus pandemic undermined its recovery, but President-elect Joe Biden pledged that help is on the way. The Labor Department on Friday reported the first drop in employment since April, and Biden said the data means a new economic relief package including $2,000 direct payments to taxpayers and help for small businesses hit hardest by the spike in Covid-19 infections must be pushed through urgently. “We have no time to lose,” Biden said at an event in Wilmington, Delaware where he introduced the last key memb…

Read More

HEDGE accordingly