Why Biden’s economic team would rather go “too big” on COVID relief – Marketplace

Why Biden’s economic team would rather go “too big” on COVID relief – Marketplace

“The problem is that if you happen to do too little, that signifies that individuals are going to go hungry,” Bharat Ramamurti, deputy director of the Nationwide Financial Council, informed “Market” at present. We acquired him on the cellphone after President Joe Biden and Treasury Secretary Janet Yellen met with prime enterprise executives to get assist for Biden’s $1.9 trillion COVID-19 aid invoice. Additionally on at present’s present: How the tip of slavery led to 2 totally different minimal wages, a brand new examine…

Will rent relief come soon enough? – Marketplace

Will rent relief come soon enough? – Marketplace

Greater than 14 million individuals are behind on lease in the USA, and the one factor preserving them of their houses is the CDC’s eviction moratorium — which is about to run out on the finish of the month. $25 billion in emergency rental help is on the way in which from the newest Congressional reduction bundle, and President-elect Joe Biden has proposed a further $25 billion in help on prime of that. However with the eviction moratorium set to run out, will the…

Relief checks are starting to arrive – Marketplace

Relief checks are starting to arrive – Marketplace

The Treasury Division is beginning to distribute the $600 reduction checks Congress agreed to within the newest COVID-19 reduction bundle, and the IRS mentioned it started making direct deposits into financial institution accounts Tuesday. For individuals who don’t have an account on file with the company, paper checks or pay as you go debit playing cards can be despatched out. On at the moment’s present: These pay as you go playing cards have benefits and disadvantages. Plus, Congress lastly bans shock medical payments and…

Trump finally signs the relief bill; delay causes confusion – Marketplace

Trump finally signs the relief bill; delay causes confusion – Marketplace

President Donald Trump lastly signed the COVID-19 reduction invoice Sunday, practically every week after Congress handed the package deal. However two key federal unemployment packages lapsed throughout the delay, and that’s resulting in some confusion round unemployment advantages. Now it’s unclear if folks will find yourself receiving essential unemployment profit funds this week. Additionally, a glance again at this yr’s “she-cession,” what the reduction package deal has to do with local weather change and vacation gross sales have been higher than anticipated. Your help…

Finally, some relief (probably) – Marketplace

Finally, some relief (probably) – Marketplace

Congress finally reached an settlement on a second spherical of COVID-19 assist. The $900 billion bundle, if handed, will convey rapid aid to hundreds of thousands of People nonetheless struggling by way of the pandemic-induced monetary disaster, together with those that are months behind on hire. The deal additionally consists of cash for cultural establishments, like indie film theaters. On in the present day’s present: the impression of the approaching aid cash. Plus, when academics ought to get the coronavirus vaccine and why one…

Where should more COVID-19 relief money go? – Marketplace

Where should more COVID-19 relief money go? – Marketplace

A bipartisan group of senators proposed a $908 billion COVID-19 aid bundle Tuesday. The proposal comes after months of stalled negotiations on what the following bundle must be used for precisely. So on right now’s present, we requested just a few economists how the following spherical of aid cash must be spent. Plus, a proof of a physics idea that would assist us perceive post-pandemic restoration, and the function workplaces might play in coronavirus vaccine distribution. Your assist makes our reporting potential — turn…