Weekly Jobless Claims Jump As Powell, Mnuchin Ask Congress For Relief

The video discusses the recent rise in unemployment claims, slightly exceeding economists' expectations. Federal Reserve Chairman Jerome Powell and Treasury Secretary Steve Mnuchin testified before the Senate Banking Committee, urging more financial relief. The future depends on virus control and policy actions. Nearly half of U.S. states report an increase in COVID-19 cases, with CDC Director Robert Redfield warning of potential risks. Despite ongoing unemployment, Democrats and Republicans have not agreed on a new stimulus package, with uncertainty looming as the 2020 election approaches.

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