• Contact
  • Privacy Policy
Blacksonrise.com
DONATE
  • Home
    • Caribbean
    • African American
    • African
    • Australian
    • Papua New Guinea
  • Videos
    • Blacksonrise Interviews
    • Blacksonrise News
  • Ecourses
  • Herbs
  • Consultation
  • Login
    • LogOut
No Result
View All Result
  • Home
    • Caribbean
    • African American
    • African
    • Australian
    • Papua New Guinea
  • Videos
    • Blacksonrise Interviews
    • Blacksonrise News
  • Ecourses
  • Herbs
  • Consultation
  • Login
    • LogOut
No Result
View All Result
Blacksonrise.com
No Result
View All Result

Economists Are Urging Congress To Release A Second Stimlulus Checks

blacksonrise by blacksonrise
November 24, 2020
in African American Business
0
A GAO Report Said $1.4 Billion In Stimulus Checks Went To Dead People
0
SHARES
173
VIEWS
Share on FacebookShare on Twitter

A group of more than 125 economists are begging Congress to deliver a second round of stimulus checks to American families to help them deal with the economic effects of the coronavirus pandemic.

According to CNBC, the group, which includes Jason Furman, a former top economic advisor to President Barack Obama, sent a letter to Congress urging lawmakers to help Americans struggling through the economic effects of the pandemic. Alan Blinder, a former Federal Reserve Board vice chairman, and Claudia Sahm, a former Fed economist also signed the letter.

“We urge policymakers to use all the tools at their disposal to revitalize the economy, including direct cash payments, which are one of the quickest, most equitable, and most effective ways to get families and the economy back on track,” the group wrote.

The group is pushing for a second round of stimulus checks, calling them an “essential tool” for preventing poverty and the coronavirus pandemic from getting worse. The Economic Security Project, an advocate of guaranteed income, also cited research from the Urban Institute showing stimulus checks will keep 14 million Americans out of poverty.

The economists are asking Congress to come together on a package to release more funds for unemployment, state and local aid, more Supplemental Nutrition Assistance Program benefits and childcare funding.

In April, the government passed the $2.2 trillion CARES ACT. The Act  provided a one-time $1,200 stimulus check, a $600 weekly federal unemployment benefit, funds for small businesses through the Paycheck Protection Program. The stimulus check and the weekly unemployment benefit allowed Americans to save money during the pandemic.

However, the benefits ran out at the end of August. Since then, Speaker of the House Nancy Pelosi and Treasury Secretary Steven Mnuchin have been at a stalemate in negotiations on a second stimulus package. Democrats and Republicans have introduced their versions of a second relief package, but neither passed. Republicans weren’t happy with their own package and believed the package released by Democrats would keep Americans from getting back to work.

Advertisements

The Center on Poverty and Social Policy at Columbia University published a study in June that determined without the funds provided in the CARES Act, the poverty rate in the country would have climbed above the level seen since the 2008 housing crisis.


Credit: Source link

Previous Post

2 charged for Tobago murder

Next Post

Expansion of Indigenous programs urged in Disability Royal Commission

Next Post
How Welcome to Country rituals are changing to make all Australians take note

Expansion of Indigenous programs urged in Disability Royal Commission

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

HOT Updates

SkinnyMe: how the wellness craze is helping Papua New Guinean families boost their income
Papua New Guinea Business

SkinnyMe: how the wellness craze is helping Papua New Guinean families boost their income

January 18, 2021
Australians divided over Australia Day holiday
Aboriginal Australia News

Australians divided over Australia Day holiday

January 18, 2021
Young Tunisians clash with police days after revolution anniversary – SABC News
African News

Young Tunisians clash with police days after revolution anniversary – SABC News

January 19, 2021
With democracies at risk, how can we address the media crises?
Aboriginal Australia News

With democracies at risk, how can we address the media crises?

January 20, 2021
OUR SAY: Alternative facts show problem with Australia Day
Aboriginal Australia News

OUR SAY: Alternative facts show problem with Australia Day

January 19, 2021
The U.S. Founding Fathers would want us to get the COVID-19 vaccine
Caribbean News

The U.S. Founding Fathers would want us to get the COVID-19 vaccine

January 17, 2021
Invest In Your Future With Real Knowledge Of Financial Markets and Securities
African American Business

Invest In Your Future With Real Knowledge Of Financial Markets and Securities

January 20, 2021
Fenwick to make TT football coaching debut against US
Caribbean Business

Fenwick to make TT football coaching debut against US

January 19, 2021
Four CEOs Speak On Racial Inequalities In Corporate America And How To Change
African American Business

Four CEOs Speak On Racial Inequalities In Corporate America And How To Change

January 20, 2021
Tips To Boost Savings As COVID-19 Forces People Out Of Retirement
African American Business

Tips To Boost Savings As COVID-19 Forces People Out Of Retirement

January 19, 2021
Black Lives Matter movement in Australia: First Nations perspectives
Aboriginal Australia Business

Black Lives Matter movement in Australia: First Nations perspectives

January 18, 2021
Robbers kill policeman escorting Bullion Van
African News

Robbers kill policeman escorting Bullion Van

January 20, 2021
NNED’s position on the Draft Framework for coordinating and harmonizing the operations of NGOs/CSOs/FBOS in the education sector in Ghana
African News

NNED’s position on the Draft Framework for coordinating and harmonizing the operations of NGOs/CSOs/FBOS in the education sector in Ghana

January 20, 2021
Princes Town man gunned down
Caribbean Business

Princes Town man gunned down

January 18, 2021
From Jim Crow-era poem to Black Anthem: A national hymn
Caribbean News

From Jim Crow-era poem to Black Anthem: A national hymn

January 18, 2021
Townsville Bunnings tells staff not to wear national flag on Australia Day
Aboriginal Australia News

Townsville Bunnings tells staff not to wear national flag on Australia Day

January 19, 2021
World Bank, IMF agree to hold April meetings online due to COVID-19 risks – SABC News
Africa Business

World Bank, IMF agree to hold April meetings online due to COVID-19 risks – SABC News

January 20, 2021
Afro-Latina actor Gina Torres honors work of first responders in ‘9-1-1 Lone Star’
Afro Latino News

Afro-Latina actor Gina Torres honors work of first responders in ‘9-1-1 Lone Star’

January 15, 2021
The Brothas of Harlem Capital Receive $10 Million Investment From Apple
African American Business

The Brothas of Harlem Capital Receive $10 Million Investment From Apple

January 18, 2021
Preview: HGO’s A Celebration of Black Artists in Opera and Song
African American News

Preview: HGO’s A Celebration of Black Artists in Opera and Song

January 20, 2021

BlackSonRise.com is an online news portal which aims to provide Caribbean News, African News, Business and much more stuff like that. Feel free to get in touch with us!

Follow us on social media:

Recent News

  • SABC puts in place measures ahead of planned blackout – SABC News
  • WATCH: Man hangs Nazi flag on tree across from Wakefield community
  • Exhibition Review: Djillong Dumularra, Artspace (Sydney Festival)

Subscribe NOW

Loading
  • Contact
  • Privacy Policy

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.

No Result
View All Result
  • Home
    • Caribbean
    • African American
    • African
    • Australian
    • Papua New Guinea
  • Videos
    • Blacksonrise Interviews
    • Blacksonrise News
  • Ecourses
  • Herbs
  • Consultation
  • Login
    • LogOut

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.

USD $
  • USD USD $
  • EUR EUR €
  • GBP GBP £