Federal Reserve officials indicated on Wednesday that they expect to soon slow the asset purchases they have been using to support the economy and predicted they might raise interest rates […]
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 homeWhy $46 Billion Couldn’t Prevent an Eviction Crisis
Over the past several months, the White House and Treasury Department have been racing to deal with the program’s problems, repeatedly revising guidelines to allow tenants to receive payouts with […]
Unemployment Benefits Expire for Millions Without Pushback From Biden
WASHINGTON — Expanded unemployment benefits that have kept millions of Americans afloat during the pandemic expired on Monday, setting up an abrupt cutoff of assistance to 7.5 million people as […]
Big Economic Challenges Await Biden and the Fed This Fall
Mr. Powell said at his news conference last week that “we’re some way away from having had substantial further progress toward the maximum employment goal.”“I would want to see some […]
How to Cope With the End of Unemployment Insurance and Other Covid Safety Nets
Usually, these plans can offer only a limited grace period to use money that you didn’t spend during the regular 12-month period. If you don’t use the money, you forfeit […]
The Coronavirus Pandemic Safety Net Is Coming Apart. Now What?
Distressed homeowners with loans owned by private banks or investors should contact their mortgage servicer to see what options they’re offering — some of them have followed a framework similar […]
Why Washington Can’t Quit Listening to Larry Summers
Many people who have served in top government jobs do stick around, commenting favorably on how their former team is doing. Others, like the former Treasury secretaries Timothy F. Geithner […]
The Pandemic Stimulus Was Front-Loaded. That Could Mean a Bumpy Year.
The U.S. economy is about to face a new challenge that has its roots in the arithmetic of growth: That which fiscal stimulus giveth, fiscal stimulus taketh away.The $1.9 trillion […]
May 2021 Consumer Price Index Shows Fastest Inflation Since 2008
The discussion could shape the path ahead for economic policy, helping to determine how much support President Biden has for infrastructure spending proposals and how patient the Fed can be […]
Biden Administration Moves to Unkink Supply Chain Bottlenecks
Most of the world’s lithium, a key ingredient in the batteries that power electric vehicles, is mined in Australia, China, Chile and Argentina. China dominates global production of rare earth […]