Senate passes $484 billion bill that would expand small-business aid, boost money for hospitals and testing The House plans to vote on the measure Thursday. It would replenish the Paycheck Protection Program, which was overrun with applications. Senate Minority Leader Charles E. Schumer (D-N.Y.) called the new legislation “an interim measure” and “a building block,” […]
Senate passes a $484 billion relief package for small businesses and hospitals. NYT – April 21, 2020 Video TRANSCRIPT 0:00/1:20 ‘A Stunning Amount Of Money’: Senate Passes Additional Relief Fund The U.S. Senate on Tuesday unanimously passed legislation providing $484 billion in additional federal aid to help small businesses hurt by the coronavirus pandemic. We […]
How Much Can America Spend on the Coronavirus Pandemic? Despite staggering coronavirus-relief outlays in the trillions of dollars, analysts widely believe long-term debt burdens are a better alternative to short-term economic collapse. By Andrew Soergel, Senior Writer, Economics April 21, 2020, at 2:21 p.m. The U.S. government has funneled trillions of dollars into keeping the economy afloat […]
Congress reaches deal on $450 billion package to help small businesses, sources say By Manu Raju and Clare Foran, CNN Updated 12:53 PM ET, Tue April 21, 2020 Congressional negotiations have reached a deal on a bill that includes hundreds of billions of dollars in new funding for small businesses hurt by the coronavirus outbreak, three sources […]
Get ready for wartime levels of national debt and tough choices ahead Analysis by Charles Riley, CNN Business – Updated 7:29 AM ET, Fri April 3, 2020 London (CNN Business)Governments are launching one rescue package after another in hopes of preventing economic catastrophe as the coronavirus pandemic rampages around the world, shutting down entire industries and costing tens of […]
Opinion Will There Be More Coronavirus Stimulus Checks? Members of Congress are already talking about the next relief package. What should be in it? By Spencer Bokat-Lindell Mr. Bokat-Lindell is a writer in the Opinion section. April 16, 2020 This article is part of the Debatable newsletter. You can sign up here to receive it Tuesdays and Thursdays. The […]
Trump, Congress near deal for more small-business money, trying to work through last-minute snags By Washington Post Erica Werner April 21, 2020 at 5:56 a.m. EDT The White House and Congress on Monday tried to design another giant bailout package aimed at combating the coronavirus pandemic’s economic and health fallout, scrambling to resolve last-minute snags over loan access […]
Intelligencer By Eric Levitz@EricLevitz A fresh-faced candidate with old, decrepit ideas about public debt. Photo: Scott Olson/Getty Images “Fiscally responsible” is one of the more Orwellian phrases in American politics. Lawmakers earn that coveted title by affirming the three tenets of the Beltway’s official budgetary orthodoxy: (1) Deficits are inherently undesirable, (2) all new spending (on things […]
We agree the debt is a problem, but we don’t actually want to do anything about it. The Dallas Morning News By Holly Kuzmich 3:00 AM on Feb 9, 2020 Americans have known for decades that the national debt is growing at an unsustainable pace. The accumulation of all our deficits over time has been a […]
The National Interest Jan. 3, 2020 by Romina Boccia . Remember the last time the deficit hit $1 trillion? It was 2012, and the country was just beginning to climb out of the worst recession in decades. Now fast forward to today. The Congressional Budget Office — Washington’s trusted fiscal watchdog — expects the federal government […]
