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VEC: Significant changes made since start of COVID-19 pandemic
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Colorado says no gap in federal unemployment benefits expected after Biden signs stimulus bill
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Initial unemployment benefit claims continue to stabilize at lower levels
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As the pandemic drags on into its second year and as cases plateau in New York, Texas, New Jersey, and elsewhere millions of hospitality workers remain jobless, over 110,000 food service establishments have reportedly closed, and millions of people, particularly Black folks, have been pushed past the brink of poverty. President Joe Biden, accordingly, signed into law today the third COVID-19 stimulus package this one coming in at $1.9 trillion to help some of the people and institutions hit hardest by the virus.
The American Rescue Plan, as it’s known, is the first package of its kind to truly target restaurants, helping food service establishments around the country avoid closure through billions in grants. The law could also help extricate over 16 million people from impoverishment, according to the Urban Institute, offering them thousands more in aid dollars than previous stimulus bills.