This is the American economy Joe Biden inherits

Michelle Bennett is trying to keep life inside her Waldorf, Maryland, home as normal as possible during Covid-19. Three of her four daughters are learning remotely, while she makes them three meals a day. But outside, the relentless threat of eviction keeps knocking.

The US economy is about to shrink, JPMorgan warns

The pandemic is intensifying, statewide curfews are back and Washington is asleep at the wheel. This toxic backdrop is derailing the US economic recovery just as Joe Biden prepares to take charge — and JPMorgan is warning the economy is in fact about to shrink.