Analysis
How the U.S. Got It (Mostly) Right in the Economyâs Rescue
Though the recession has been painful, policymakers cushioned the pandemicâs blow and opened the way to recovery.
Shoppers at a mall in Los Angeles. Consumer spending is nearly back to its prepandemic level.Credit.Mark Abramson for The New York Times
March 15, 2021
When the coronavirus pandemic ripped a hole in the economy a year ago, many feared that the United States would repeat the experience of the last recession, when a timid and short-lived government response, in the view of many experts, led to years of high unemployment and anemic wage growth.
Stimulus Bill as a Political Weapon? Democrats Are Counting on It.
The $1.9 trillion package is a big bet by the party that it will restore a sense of normalcy by the 2022 elections and that voters will defy history and reward Democrats with more seats in Congress.
Speaker Nancy Pelosi and Senator Chuck Schumer, the majority leader, signed the stimulus bill this week while surrounded by Democratic members of Congress.Credit.Stefani Reynolds for The New York Times
Published March 15, 2021Updated March 18, 2021
WASHINGTON Triumphant over the signing of their far-reaching $1.9 trillion stimulus package, Democrats are now starting to angle for a major political payoff that would defy history: Picking up House and Senate seats in the 2022 midterm elections, even though the party in power usually loses in the midterms.
But solving adequate affordable housing remains a priority for housing advocates
March 15, 2021
Martha Stone, executive director of Cross Roads House in Portsmouth, which provides emergency and transitional housing services. ‘Even people who are employed cannot typically afford a market-rate apartment,’ she says. (Photo by Scott Merrill)
One year after the Covid-19 pandemic was declared a public health emergency by Gov. Chris Sununu, the rental market in New Hampshire will receives another dose of government assistance on March 15. But even with new relief on the way, the creation of affordable housing remains a pressing issue.
The latest round of assistance $20 million – comes from a stimulus bill passed in January that dedicated $25 billion to the states.
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