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Headline Roundup August 24th, 2020

Americans Ponder More Stimulus Checks as Negotiations Stall

Summary from the AllSides News Team

Additional stimulus checks aimed at relieving COVID-19 coronavirus-fueled hardships remain in limbo as negotiations stall between lawmakers and the Trump administration. The checks have the potential to impact millions of people in the United States; a recent survey from MagnifyMoney suggested up to six in 10 consumers "need additional stimulus checks to make ends meet." House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Mitch McConnell (D-Ky.) have each acknowledged the stalemate recently while prodding the other side to be more flexible. Some reports from left-rated outlets concentrated on those most affected by economic hardships during the pandemic, and those who would purportedly suffer most if more stimulus checks are not distributed. A report from the Lean Right-rated Washington Examiner highlighted recent findings indicating a reduction in poverty during the pandemic, for which government relief measures were credited.

Featured Coverage of this Story

Why there’s still hope for second $1,200 stimulus checks despite stalled congressional talks
Why there’s still hope for second $1,200 stimulus checks despite stalled congressional talks

CNBC

News

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...

Open on CNBC
Debt, eviction and hunger: Millions fall back into crisis as stimulus and safety nets vanish
Debt, eviction and hunger: Millions fall back into crisis as stimulus and safety nets vanish

Washington Post

News

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...

Open on Washington Post
Poverty fell in first months of pandemic
News

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.

...
Open on Washington Examiner

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