Page 3 - Michael Stepner News Today

As lawmakers debate the next round of stimulus aid, some want to limit the number of people who would get a check.

U.S. President Joe Biden has released a $1.9 trillion COVID-19 relief package plan that would provide the third round of stimulus checks for Americans who need it. Under this proposal is a $1,400 stimulus checks waiting to be issued.

Credit...Pool photo by Stefani Reynolds A dozen years ago, just before Barack Obama was sworn in as president amid the Great Recession, I wrote a disconsolate column titled “The Obama Gap.” At a time when many viewed the president-elect as a transformational figure, I lamented the caution of his economic policy. His proposed stimulus, I argued, would fall well short of what was needed. Sadly, I was right. And as I also warned at the time, Obama didn’t get a second chance; the perceived fa...

As lawmakers debate the next round of stimulus aid, some want to limit the number of people who would get a check.

Requiring work in exchange for benefits is an unfair system that doesn’t help the neediest. But that could change.

The Covid-19 pandemic has been bad for the United States economy, but not as bad as some experts and economists feared early on in the outbreak. The recovery, though, is uneven — and it’s slowing. In January, the unemployment rate dropped to 6.3 percent, and the country added just 49,000 jobs, according to the Bureau of Labor Statistics. The labor force participation rate is lower than it was pre-pandemic, as many Americans left the workforce. America is also still millions of jobs short o...

Should fewer Americans get a third stimulus check? By Aimee Picchi Should fewer Americans get a stimulus check? As Congress debates issuing a third round of federal "stimulus checks" to millions of Americans, economists are trying to assess just how effective such payments are in helping nurse the economy through the coronavirus pandemic. The results have been mixed, new research finds. While helping keep some families afloat, households earning more than $78,000 have large...

Cutting off stimulus checks to Americans earning over $75,000 could be wise, new data suggests Heather Long, The Washington Post Jan. 26, 2021 FacebookTwitterEmail WASHINGTON - As President Joe Biden pushes for another round of stimulus payments for most Americans, calls are escalating to target the aid solely to low and moderate-income families, and new data suggests that it would provide the most needed and effective boost for the economy. Families earning under about $75,000 typically spend...