Succinct Summary: Infections are accelerating in the US and it's unclear how or if this has affected economic activity. The economy seems to be continuing to improve. Yet distressed borrowers are starting to reach the end of their reserves. Bankruptcies are likely to begin to surge. Washington is working hard to pass another stimulus bill to prevent this from happening. Editor's Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.