Hollywood Coalition Calls on Senate Leaders to Act on “Critical Issue” of Pandemic Insurance Katie Kilkenny US Capitol In Washington
A coalition of industry guilds and organizations is again calling on U.S. legislators to implement accessible pandemic risk insurance coverage as COVID-19 continues to disrupt Hollywood production.
“As you develop the agenda for the Senate Committee on Banking, Housing, and Urban Affairs for this year, the film, TV, and sports industries respectfully request that you address the broad economic impact that the withdrawal of pandemic risk coverage has created for our businesses,” a group of film, television and sports groups (including The Motion Picture Association, the Independent Film & Television Alliance, the NCTA – The Internet & Television Association, the Directors Guild of America, the National Association of Broadcasters, IATSE, the Producers Guild of America, American Coalition for Independent Content Productio
An overheating economy and rising prices could force the Fedâs hand, Summers said. Summers, a top official in the past two Democratic administrations, he has emerged as one of the leading critics among Democrat-leaning economists of President Joe Bidenâs $1.9 trillion pandemic plan. Heâs argued that the measure will pump too much cash into the economy, pushing it past capacity limits and triggering inflation, and called for a focus on longer-term investments instead. Administration officials have pushed back against the critique, saying the Biden bill aims to provide relief to those in need and wonât overheat an economy still suffering from high unemployment. Fed officials have broadly echoed that view flagging the risk of delivering too little fiscal support, and signaling they have no intention of tightening monetary policy anytime soon.
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