Coronavirus

$260bn+ in CARES Unused

Update 472: $260bn+ in CARES Unused; A Fiscal Fix for Fed Facility Failures? $454 billion was provided in the CARES Act enacted in March, the biggest corporate assistance package since TARP. Today, $259 billion remains uncommitted. All the while, fiscal relief has run out and the American people are suffering. While the $259 billion sits idle, …

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GOP’s Unkindest Cuts

Update 471 — GOP’s Unkindest Cuts:The Skinny on Mitch Bill to Slash CARES Even emaciated elephants don’t change their stripes. Mitch McConnell’s half-baked, half-loaf, half trillion dollar retreat from the last GOP relief offer would cut CARES benefits across the board. This when 30 million Americans are newly out of a job, millions of firms …

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Economic Impact of COVID on Millennials

Update 470 — Generating Inequities:Economic Impact of COVID on Millennials For the 75 million Americans born between 1981 and 1996 — the millennial generation — the economic scars caused by COVID will last longer and do more material harm than for any other cohort. From distant or delayed classroom learning at tuition rates making education …

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Growing Chorus for Relief Administration Joins in; Will Mitch Switch?

Update 469 — Growing Chorus for ReliefAdministration Joins in; Will Mitch Switch? ‘Twas the week before Labor Day when all through the Senate, few creatures were stirring, at least from their tenets. In fact, the GOP Senate leadership needs a fig-leaf to act. Sticking to ideology is an increasingly risky proposition for the majority in …

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