Federal prosecutors are scrambling to recoup billions of dollars in pandemic aid from people who falsely obtained funds from government programs that were intended to keep the economy afloat during […]
Coronavirus Aid, Relief, and Economic Security Act (2020)
Trending topics and news from the Coronavirus Aid, Relief, and Economic Security Act (2020) category
Back to news homeStudent Loan Pause Is Ending, With Consequences for Economy
A bedrock component of pandemic-era relief for households is coming to an end: The debt-limit deal struck by the White House and congressional Republicans requires that the pause on student […]
Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud
In the midst of the pandemic, the government gave unemployment benefits to the incarcerated, the imaginary and the dead. It sent money to “farms” that turned out to be front […]
Rapid Inflation, Lower Employment: How the U.S. Pandemic Response Measures Up
The United States spent more aggressively to protect its economy from the pandemic than many global peers, a strategy that has helped to foment more rapid inflation — but also […]
Covid Stimulus Money Brings Clashes Within Cities and Counties
Dutchess County residents were similarly agitated, if less rowdy, at their June 14 meeting about the stadium. Guidance on using the funds issued by the Treasury Department specifically cited stadiums […]
Modern Monetary Theory Got a Pandemic Tryout. Inflation Is Now Testing It.
The problem is that the alternative to a Fed response is, at the moment, not obvious. The Biden administration’s attempts at tamping down price increases — longer port hours, release […]
Little of the Paycheck Protection Program’s $800 Billion Protected Paychecks
Most notably, they gutted the requirement that borrowers who wanted their loans forgiven maintain their prepandemic head counts. And they reduced the percentage of the loan that borrowers seeking forgiveness […]
How to Prepare as the Fed Moves to Rein In Inflation
The amounts involved in the Fed’s quantitative easing have been staggering. Back in 2008, the Fed’s balance sheet had assets of $820 billion. They reached $4.5 trillion — yes, trillion […]
Democrats Blast Corporate Profits as Inflation Surges
Inflation remains rapid as the economy enters 2022, and Democrats have begun pointing to a new culprit for the high and lasting price increases: Greedy corporations.Senator Sherrod Brown of Ohio, […]
Fed’s Moves in 2022 Could End the Stock Market’s Pandemic Run
For two years, the stock market has been largely able to ignore the lived reality of Americans during the pandemic — the mounting coronavirus cases, the loss of lives and […]