Americans Ponder More Stimulus Checks as Negotiations Stall
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From the Center
Why there’s still hope for second $1,200 stimulus checks despite stalled congressional talks
When it comes to a second round of $1,200 stimulus checks, there’s good news and bad news.
The good news: Both political parties have said they want to send Americans more direct payments.
The bad news: Congress needs to agree on the next coronavirus stimulus package in order for that money to come through.
Talks between top Democrats and the White House broke down because they could not come to a compromise on how much to spend on that legislation. Democrats have proposed more than $3 trillion in aid, while...
From the Left
Debt, eviction and hunger: Millions fall back into crisis as stimulus and safety nets vanish
One of the most successful elements of the government’s response to the coronavirus recession — protecting people on the margins from falling into poverty — is faltering as the safety net shrinks and federal benefits expire.
Major recessions are especially fraught for low-income earners, whose finances can veer from tenuous to dire with one missed paycheck. But as the economy cratered this spring, economists and poverty experts were mildly surprised to discover that the torrent of government support that followed — particularly the $600 a week in expanded unemployment benefits...
From the Right
Poverty fell in first months of pandemic
Poverty fell and incomes rose during the early months of the pandemic thanks to government relief, according to a new economic study, even as millions of people lost their jobs.
"Despite a dramatic slowdown in the labor market, our results indicate that poverty fell, and percentiles of income rose in the early months of the pandemic," concluded the study, circulated Monday by the National Bureau of Economic Research.
"We further show that in absence of the stimulus payments and expanded unemployment insurance, poverty would have risen sharply," the study added....
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