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The wild is calling, and we're answering. Reserve yours 7.13.20. #FordBronco pic.twitter.com/2LEDH5FNtr— Ford Motor Company (@Ford) June 29, 2020 153

The U.S. again broke its daily record for new confirmed cases of COVID-19 on Wednesday, as local health departments recorded 50,000 new confirmed cases of the virus, according to a database kept by Johns Hopkins.The previous record was set Tuesday when health departments reported about 45,400 new cases.The figures highlight a continued spike in cases throughout the country over the past few weeks. Prior to the recent peak, the highest daily increase in confirmed cases came on April 24, when health departments reported about 36,400 new cases. The U.S. has recorded at least 38,900 new cases every day for the last week.(John's Hopkins)Because the Johns Hopkins database is reliant on reporting from local health departments, the data doesn't necessarily reflect a patient's day of infection. Daily case numbers are often higher mid-week because some local health departments or test centers may be closed on weekends.It's not just cases that are on the rise. According to the Institute for Health Metrics and Evaluation at the University of Washington, use of hospital beds, ICU beds and invasive ventilators have all risen in recent weeks after months of falling resource use.Many states have either "paused" or chosen to take steps back in their reopening process as cases and hospitalizations linked to the virus continue to rise.On Tuesday, Dr. Anthony Fauci — the government's top expert on infectious diseases — called the recent spike in cases "disturbing," and said that he could foresee the U.S. reporting up to 100,000 new COVID-19 cases a day if recent trends continue. 1593

The White House said late Friday it is prepared to veto a bill proposed by House Democrats to infuse the cash-strapped Postal Service with funds.The White House’s announcement comes a week after President Donald Trump said he supported funding the Postal Service with Congressional funds. Last week marked a period of the Postal Service removing machines and collection boxes, as mail service has slowed for many across the country.The bill introduced by House Democrats would, in addition to providing funds, require the post office to maintain its current level of service, not close any locations and would lift a prohibition of overtime. Those measures would be in effect through at least the end of the year.According to the Congressional Budget Office, the bill would provide an estimated billion in funding for the post office.The White House pushed back in a policy memo, claiming that reports of slowdowns are an “overreaction.”“This bill misses an opportunity to improve USPS,” the White House said.“USPS does not need a billion bailout. It needs reforms that will return it to a trend of long- term financial self-sufficiency,” the White House added.The Trump administration said that USPS has enough funds to operate through August 2021. But during his Senate testimony on Friday, Postmaster Louis DeJoy said that the post office is losing billion on an annual basis.“Without change our losses will only increase in the years to come,” DeJoy said.The USPS has historically been self-sufficient. But declining volume and increased pension costs have cut into the service’s bottom line. But the post office remains a lifeline for many who rely on mail for medicines, important documents, and other supplies. 1736

The United States’ Gross Domestic Product is expected to have a modest comeback in 2021 while unemployment will be slower to recover for years to come, according to a government projection from the Congressional Budget Office.The nonpartisan government agency that provides policy guidance for members of Congress said that unemployment is projected to remain above pre-pandemic levels through 2030.Thursday’s estimates from the CBO indicate that real GDP in 2021 will jump 4% in 2021 from 2020 after taking a projected 5.8% drop in 2020. The CBO then projects that real GDP will increase 2.9%. In years following, the GDP is expected to level off at 2.2%.But after unemployment dropped to 3.5% in 2019,, the unemployment rate is expected to be 7.6% in 2021, followed by 6.9% in 2022 and 5.9% in 2023 and 2024. Data released Thursday pegged the US unemployment rate at 11.1% in June.The CBO stresses there is uncertainty in its forecast given the pandemic.“The severity and duration of the pandemic are subject to significant uncertainty,” the CBO said. “In particular, several important epidemiological characteristics of the coronavirus remain unclear: Much still needs to be learned about its transmissibility and lethality and about the immunity conferred on people who have recovered from it. Moreover, the severity and duration of the pandemic will be affected by how various mitigation measures reduce the spread of the virus and by when vaccines and additional treatments become available—outcomes that remain highly uncertain.” 1544

The U.S. dollar is cooling off after a red-hot surge.Though it rose in the weeks following President Trump's election victory last November, the greenback has steadily fallen this year. It's now down to its lowest level since January 2015. Since January 3, the first trading day, the dollar is down 11 percent.It's down nearly 17 percent against the Mexican peso this year, a reversal of fortunes after Trump's campaign threats caused the peso to plunge. It's also down 12 percent against the euro and 7% against the pound. 541