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February 1, 2021
U.S. unemployment rate to remain above pre-pandemic level through decade, CBO says Jeff Stein and Andrew Van Dam, The Washington Post Feb. 1, 2021 FacebookTwitterEmail WASHINGTON - The nations unemployment rate will not return to its pre-pandemic levels through the rest of this decade, meaning millions of workers could be out of work even after the vaccine is widely distributed, according to a projection released Monday by the nonpartisan Congressional Budget Office. The nonpartisan budget off...
January 29, 2021
Anna Moneymaker via Getty Images As President Joe Biden and Democrats in Congress gear up to pass an economic relief package, their most pressing task is addressing the recession. But some economists and activists are hoping Biden and other lawmakers will also take a longer view. The Covid-19 recession has revealed many structural problems in the economy. Vast socioeconomic and racial inequality. Insufficient support for parents, who have been asked to do much more as schools and child care clo...
January 24, 2021
POLITICO Sign up for POLITICO Playbook today. Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by DRIVING THE DAY It’s only the fifth day, but the Biden White House has pushed enough policy out the door for some initial tak...
January 22, 2021
The Trump economy left Black Americans behind. Here’s how they want Biden to narrow the gaps. Tracy Jan © Rusty Costanza/AP People participate in Parade to the Polls on Oct. 24 in New Orleans. The event was organized by Operation Go Vote!, a collaborative of African American civic and social organizations. After Black voters propelled Joe Biden to the White House, the new president faces the dual challenges of reversing an economic downturn that has devastated communities...
January 22, 2021
President Biden signed a pair of executive orders he says will jumpstart the economy and keep food on the table for Americans hit hardest by the pandemic. President Joe Biden signs executive orders Thursday after speaking about the coronavirus, accompanied by Vice President Kamala Harris and Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. (AP Photo/Alex Brandon) WASHINGTON (CN) — A flurry of executive orders ushering in a new era at the White House co...
January 15, 2021
“Congress should immediately move to pass President-elect Biden’s plan,” said Claire Guzdar of the Groundwork Collaborative. “And we can’t stop there.”
January 15, 2021
Jim Watson/AFP via Getty Images President-elect Joe Biden has unveiled his opening bid on Covid-19 relief and economic recovery: a $1.9 trillion stimulus deal meant to help the United States address the health and economic crises induced by the pandemic. The proposal, called the American Rescue Plan, is divvied up into three buckets: $400 billion for dealing with the coronavirus, including vaccines and testing; $1 trillion in direct relief to families; and $400 billion in aid to communities and...
January 15, 2021
Joe Biden’s $1.9 trillion Covid stimulus plan, explained Vox.com 1/15/2021 Emily Stewart © Jim Watson/AFP via Getty Images President-elect Joe Biden speaks in Wilmington, Delaware, on January 7, 2021. President-elect Joe Biden has unveiled his opening bid on Covid-19 relief and economic recovery: a $1.9 trillion stimulus deal meant to help the United States address the health and economic crises induced by the global pandemic. The proposal, called the American Rescue Plan...
January 6, 2021
Tasos Katopodis/Getty Images Thanks to Georgia, don’t give up hope on a $2,000 stimulus check just yet. Democrats Rev. Raphael Warnock and Jon Ossoff defeated Sens. Kelly Loeffler and David Perdue in Georgia’s US Senate runoff elections on Tuesday, giving Democrats a slim margin in the Senate. Democratic control of the White House, House of Representatives, and Senate has big policy implications in terms of what can be accomplished — including more stimulus to boost the economy as the Cov...
December 24, 2020
comments This article originally appeared at Common Dreams. It is licensed under a Creative Commons Attribution-Share Alike 3.0 License. Feel free to republish and share widely. Wisconsin Sen. Ron Johnson, who voted for President Donald Trumps deficit-exploding tax cuts for the rich in 2017, blocked fellow Republican Sen. Josh Hawleys attempt Friday to pass legislation that would provide $1,200 direct payments to U.S. adults and $500 to children amid a devastating pandemic and ongoing economic ...