Fiscal cliffs threaten fragile US recovery

The U.S. will report new data on Thursday about the number of Americans on state jobless benefits, and it’s likely the figures will remain high as millions of people continue to be out of work.

POLICY makers in the US will resume contentious talks this week on another round of stimulus that could prove critical to the still-fragile recovery of the world’s largest economy.

With much of the last stimulus poised to run out in the coming weeks, the U.S. Senate will return to Washington, D.C. to negotiate legislation about how much and where to spend in additional relief for the Covid-19 coronavirus crisis.