U.S. Footing, Stimulus Loans, Container Fatigue: Eco Day

Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • The U.S. economy is closing out 2020 on increasingly unsteady footing as more states tighten restrictions on businesses and travel amid the country’s worst-yet stage of the pandemic
  • The $900 billion stimulus package agreed to by U.S. lawmakers over the weekend could keep the economy from contracting again, but pandemic-related risks remain if activity doesn’t start to bounce back next year

    • Small business owners facing a treacherous winter and tighter lockdowns plan to jump at the chance to take out a second federal relief loan -- but still worry it may not be enough
  • In the waning days of the Trump administration, several agencies are pushing back on the notion that corporations should prioritize anything other than profits
  • The top politician in Canada’s largest province lashed out at Prime Minister Justin Trudeau for letting international travelers through the country’s airports without testing them for the coronavirus
  • Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest days

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