The U.S. economy shrank by 3.5% last year — the worst drop since 1946. The Commerce Department reports the economy grew by 4% in the last quarter of 2020, but that was not nearly enough to offset declines earlier in the year. Another 847,000 U.S. workers filed new jobless claims last week, with unemployment remaining historically high. On Thursday, Democratic leaders signaled they will attempt to push Biden’s proposed $1.9 trillion coronavirus relief package through Congress by mid-March.