White House Struggles to Talk About Inflation, the ‘Problem From Hell’

Inflation is upending voter confidence and posing a glaring political liability that looms over the Biden administration’s major policy decisions.

#american-rescue-plan-2021, #biden-joseph-r-jr, #democratic-party, #economic-conditions-and-trends, #federal-reserve-system, #inflation-economics, #prices-fares-fees-and-rates, #stimulus-economic, #student-loans, #united-states-economy, #united-states-politics-and-government

Persistent Inflation Puts Yellen in the Spotlight

The Treasury secretary’s recent comments about rising prices have put the Biden administration on the defensive.

#american-rescue-plan-2021, #economic-conditions-and-trends, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #supply-chain, #united-states, #united-states-economy, #yellen-janet-l

‘Spend This Money’: Biden Calls on States to Devote Stimulus Funds to Police

Ahead of the midterm elections, President Biden is making a forceful push to show he is a defender of law enforcement.

#american-rescue-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #coronavirus-2019-ncov, #police, #police-brutality-misconduct-and-shootings, #police-reform, #united-states-politics-and-government

Loss of Pandemic Aid Stresses Hospitals That Treat the Uninsured

Hospitalizations from Covid-19 are receding, but safety-net providers are facing tremendous unmet needs from poor and uninsured patients who delayed seeking care during the pandemic.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #finances, #health-insurance-and-managed-care, #hospitals, #nashville-tenn, #tennessee

Biden Has Already Done More for Rural America Than Trump

Democrats should let voters know about their successes — and run on Democratic values.

#agriculture-and-farming, #agriculture-department, #american-rescue-plan-2021, #axne-cindy, #biden-joseph-r-jr, #buttigieg-pete-1982, #democratic-party, #ethanol, #food-banks-and-pantries, #grassley-charles-e, #house-of-representatives, #infrastructure-public-works, #infrastructure-investment-and-jobs-act-2021, #international-trade-and-world-market, #iowa, #meatpacking-plants-and-slaughterhouses, #poet-llc, #republican-party, #rural-areas, #trump-donald-j, #united-states

Rapid Inflation, Lower Employment: How the U.S. Pandemic Response Measures Up

The United States spent more on its policy response than other advanced economies. Now economists are revisiting how that worked.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #economic-conditions-and-trends, #eurozone, #federal-reserve-system, #inflation-economics, #labor-and-jobs, #unemployment, #unemployment-insurance, #united-states-economy

Perils of Invisible Government

The American Rescue Plan is huge and yet little noticed.

#american-rescue-plan-2021, #federal-aid-us, #internal-storyline-no, #law-and-legislation, #politics-and-government, #presidents-and-presidency-us, #united-states-economy

If Biden’s Plan Is Like a ‘New Deal,’ Why Don’t Voters Care?

The $1.9 trillion pandemic-relief law unleashed a massive wave of spending on local construction projects and programs. Democratic candidates aren’t getting much credit.

#american-rescue-plan-2021, #biden-joseph-r-iii, #boston-mass, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #midterm-elections-2022, #richmond-va, #toledo-ohio, #united-states-economy, #wu-michelle-1985

For a Minute There, It Really Was No Child Left Behind

The death of Biden’s child tax credit expansion is an American tragedy. Can it be revived?

#american-rescue-plan-2021, #bennet-michael-farrand, #child-tax-credits-and-stipends, #democratic-party, #manchin-joe-iii, #united-states-politics-and-government

Europe’s Airports Face Chaos as Travelers Return

In recent weeks, travelers on both sides of the Atlantic Ocean have endured long lines at airports, flight delays or cancellations, and plenty of frustration. Is this the new normal?

#airlines-and-airplanes, #alaska-airlines, #american-rescue-plan-2021, #british-airways-plc, #coronavirus-2019-ncov, #delays-transportation, #easyjet-airline-co-ltd, #jetblue-airways-corporation, #travel-and-vacations

A One-Woman Rescue Squad for Homeless Students in Rural Texas

The work of Norma Mercado, a Texas school system’s point person for dealing with homeless young people, is benefiting from a big but temporary surge in federal funding.

#american-rescue-plan-2021, #children-and-childhood, #content-type-personal-profile, #coronavirus-2019-ncov, #education-k-12, #federal-aid-us, #homeless-persons, #poverty, #texas

In a Michigan County, Stimulus Funds Are Remaking Public Health Programs

Many cities and counties say that shoring up local public health systems is crucial to recovering from the pandemic and addressing entrenched health disparities.

#american-rescue-plan-2021, #budgets-and-budgeting, #coronavirus-2019-ncov, #federal-aid-us, #ingham-county-mich, #local-government, #mental-health-and-disorders, #michigan, #stimulus-economic

As Biden Pleads for More Covid Aid, States Are Awash in Federal Dollars

States pushed back on a plan to take back some of their stimulus money to fund President Biden’s emergency spending request. Now Congress is trying to find other ways to offset the cost.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #federal-aid-us, #kentucky, #states-us, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

How Rising Prices Are Affecting America’s Boom

The Fed, fiscal policy and food prices are putting the brakes on America’s boom.

#american-rescue-plan-2021, #economics-theory-and-philosophy, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #prices-fares-fees-and-rates, #united-states-economy

I Keep Hoping Larry Summers Is Wrong. What if He’s Not?

The former Treasury secretary discusses inflation, a possible recession and how the Russia-Ukraine war might exacerbate both.

#american-rescue-plan-2021, #banking-and-financial-institutions, #federal-reserve-system, #inflation-economics, #recession-and-depression, #russian-invasion-of-ukraine-2022, #treasury-department, #united-states-economy

America’s Economy in the European Mirror

What spiking inflation Over There tells us about policy here.

#american-rescue-plan-2021, #economic-conditions-and-trends, #europe, #inflation-economics, #prices-fares-fees-and-rates, #united-states-economy

Covid Stimulus Money Brings Clashes Within Cities and Counties

As communities across the United States receive pandemic relief money, fierce debates have erupted over priorities, and who has the power to set them.

#american-rescue-plan-2021, #coeur-dalene-idaho, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #dutchess-county-ny, #federal-state-relations-us, #infrastructure-public-works, #onondaga-county-ny, #stimulus-economic

Bracing for Losses, Democrats Look to Biden for a Reset

At a party retreat in Philadelphia, House Democrats hoped the president would offer a winning strategy heading into a challenging midterm election season.

#american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #maloney-sean-patrick, #philadelphia-pa, #polls-and-public-opinion, #state-of-the-union-message-us, #united-states-economy, #united-states-politics-and-government

Congress Clears $1.5 Trillion Spending Bill, Including Ukraine Aid

President Biden is expected to sign the measure, the first major spending bill since he took office.

#american-rescue-plan-2021, #biden-joseph-r-jr, #defense-and-military-forces, #federal-aid-us, #federal-budget-us, #law-and-legislation, #leahy-patrick-j, #mcconnell-mitch, #united-states-politics-and-government

IRS Plans to Hire 10,000 Workers to Clear Tax Return Backlog

More than 20 million returns remain unprocessed, the agency said.

#american-rescue-plan-2021, #federal-taxes-us, #house-of-representatives, #internal-revenue-service, #labor-and-jobs, #rettig-charles-p

The I.R.S. plans to hire 10,000 workers to clear a tax return backlog.

More than 20 million returns remain unprocessed, the agency said.

#american-rescue-plan-2021, #federal-taxes-us, #house-of-representatives, #internal-revenue-service, #labor-and-jobs, #rettig-charles-p

He Spent $57,000 in Covid Relief on a Pokémon Card. Now the U.S. Owns It.

The mint Charizard trading card will be auctioned off with other fraudulently obtained luxury items seized by the U.S. Marshals. Its former owner was sentenced to three years in prison.

#american-rescue-plan-2021, #atlanta-ga, #auctions, #collectors-and-collections, #coronavirus-2019-ncov, #federal-aid-us, #federal-bureau-of-investigation, #frauds-and-swindling, #georgia, #justice-department, #pokemon-fictional-characters, #small-business, #small-business-administration

The Democrats Have Bigger Problems Than the Squad

Having immobilized the president’s agenda and plunged their party into disarray, moderate and conservative Democrats are casting around for someone to blame.

#american-jobs-plan-2021, #american-rescue-plan-2021, #infrastructure-investment-and-jobs-act-2021, #law-and-legislation, #united-states-economy, #united-states-politics-and-government

Black Farmers Fear Foreclosure as Debt Relief Remains Frozen

Lawsuits from white farmers have blocked $4 billion of pandemic aid that was allocated to Black farmers in the American Rescue Plan.

#agriculture-and-farming, #agriculture-department, #american-rescue-plan-2021, #biden-joseph-r-jr, #black-people, #credit-and-debt, #discrimination, #federation-of-southern-cooperatives-land-assistance-fund, #minorities, #national-black-farmers-assn, #sperling-gene, #stimulus-economic, #suits-and-litigation-civil, #united-states-economy, #united-states-politics-and-government

Why an Arizona County Turned Down $1.9 Million in Covid Relief

Two Republican supervisors voted to reject the federal money, frustrating health care workers in rural Cochise County.

#american-rescue-plan-2021, #cochise-county-ariz, #coronavirus-2019-ncov, #federal-aid-us

Biden’s Hidden Health Care Triumph

Blockbuster enrollments are good news — but will poltiics kill progress?

#american-rescue-plan-2021, #biden-joseph-r-jr, #health-insurance-and-managed-care, #medicare, #patient-protection-and-affordable-care-act-2010, #republican-party, #united-states-politics-and-government

Explaining the Claim About the Biden Administration and ‘Crack Pipes’

Conservatives have homed in on a specific provision in an overdose prevention grant program to make a misleading claim about crack pipes.

#american-rescue-plan-2021, #cocaine-and-crack-cocaine, #drug-abuse-and-traffic, #health-and-human-services-department, #pipes-smoking, #united-states-politics-and-government, #white-house-office-of-national-drug-control-policy

Modern Monetary Theory Got a Pandemic Tryout. Inflation Is Now Testing It.

Modern Monetary Theory, the buzziest economic idea in decades, got a pandemic tryout of sorts. Now inflation is testing its limits.

#american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #economics-theory-and-philosophy, #federal-budget-us, #federal-reserve-system, #inflation-economics, #interest-rates, #kelton-stephanie, #stimulus-economic, #united-states-economy

I.M.F. Forecasts U.S. and China Slowdowns Will Hold Back Growth

The International Monetary Fund forecasts that the growth rate of the world economy will slow to 4.4 percent in 2022.

#american-rescue-plan-2021, #china, #coronavirus-2019-ncov, #credit-and-debt, #inflation-economics, #interest-rates, #international-monetary-fund, #supply-chain, #united-states, #united-states-economy

President Biden’s Economy Is Failing the Big Mac Test

The administration made a lot of the right economic moves in its first year, but high inflation is reason enough to postpone any celebrations.

#american-rescue-plan-2021, #biden-joseph-r-jr, #inflation-economics, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries

Arizona Sues to Stop Treasury From Recouping Relief Funds

Gov. Doug Ducey has been using federal pandemic aid to undermine school mask requirements, which Treasury said violated the law.

#american-rescue-plan-2021, #arizona, #coronavirus-2019-ncov, #ducey-doug-1964, #education-k-12, #federal-aid-us, #masks, #united-states-politics-and-government

Economic Trends Aren’t What They Used to Be

Why the trend has not been our friend.

#american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #economics-theory-and-philosophy, #inflation-economics, #united-states-economy

Federal Funds Will Go to Online Tutoring Despite Pandemic Failures

Federal stimulus dollars are dedicated to helping students recover from virtual schooling. Many districts are spending some of that money on virtual tutoring.

#american-rescue-plan-2021, #cardona-miguel-a-1975, #children-and-childhood, #coronavirus-2019-ncov, #e-learning, #education-k-12, #education-department-us, #montgomery-ala, #montgomery-county-md, #tutors-and-tutoring

The View From the White House

Ron Klain, President Biden’s chief of staff, reflects on the first year of the administration.

#american-jobs-plan-2021, #american-rescue-plan-2021, #audio-neutral-informative, #biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-risks-and-safety-concerns, #infrastructure-investment-and-jobs-act-2021, #klain-ronald-a, #supply-chain, #united-states, #united-states-economy, #united-states-politics-and-government, #vaccination-and-immunization, #voting-rights-registration-and-requirements

With Broad Safety Net Bill Stalled, Democrats Weigh What to Salvage

As discussions resumed over how to whittle down Democrats’ marquee plan, Senator Joe Manchin, a key holdout, said any talks would be “starting from scratch.”

#american-families-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #democratic-party, #law-and-legislation, #manchin-joe-iii, #senate, #united-states-politics-and-government

This Isn’t the Presidency Biden Imagined for Himself

The problems the president is facing are an almost perfect inversion of the problems Obama faced.

#american-families-plan-2021, #american-jobs-plan-2021, #american-rescue-plan-2021, #democratic-party, #infrastructure-investment-and-jobs-act-2021, #presidential-election-of-2020, #supply-chain, #united-states, #united-states-economy, #united-states-politics-and-government

The Secret Triumph of Economic Policy

Why Covid-19 cost us fewer jobs than the dot-com bust.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #inflation-economics, #unemployment, #united-states-economy

2021’s Overlooked Economic Recovery

A closer look at a recovery for the record books.

#american-rescue-plan-2021, #economics-theory-and-philosophy, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #reagan-ronald-wilson, #supply-chain, #unemployment, #united-states-economy

Democrats Blast Corporate Profits as Inflation Surges

Politicians are placing more blame on greedy companies as prices stay high. But booming consumer demand is enabling firms to charge more.

#american-rescue-plan-2021, #coronavirus-aid-relief-and-economic-security-act-2020, #corporations, #inflation-economics, #interest-rates, #price-gouging, #prices-fares-fees-and-rates, #stimulus-economic, #united-states-economy

Child Tax Credit’s Extra Help Ends, Just as Covid Surges Anew

A pandemic benefit that many progressives hoped to make permanent has lapsed in a congressional standoff. Researchers say it spared many from poverty.

#american-rescue-plan-2021, #biden-joseph-r-jr, #child-tax-credits-and-stipends, #children-and-childhood, #manchin-joe-iii, #poverty, #tax-credits-deductions-and-exemptions, #united-states-economy, #united-states-politics-and-government

What We Learned About the Economy in 2021

For once, the government tried overheating the economy. For better and worse, it succeeded.

#american-rescue-plan-2021, #inflation-economics, #labor-and-jobs, #polls-and-public-opinion, #prices-fares-fees-and-rates, #shortages, #stimulus-economic, #united-states-economy, #wages-and-salaries

How a Relief Fund for Restaurants Picked Winners and Losers

First, the Restaurant Revitalization Fund was supposed to promote equity. Then the grants were meant to be first come first served. Both ways had problems.

#american-rescue-plan-2021, #bars-and-nightclubs, #coronavirus-2019-ncov, #federal-aid-us, #restaurants, #small-business, #small-business-administration

On More Generous Terms, Obamacare Proves Newly Popular

Record sign-ups, even in states that had resisted expanding health coverage under the Affordable Care Act.

#american-rescue-plan-2021, #brooks-lasure-chiquita, #coronavirus-2019-ncov, #health-insurance-and-managed-care, #patient-protection-and-affordable-care-act-2010

Obamacare Sign-Ups Reach Record as Virus Rocks Job-Based Coverage

Thanks to increased subsidies, new advertising, and a reshaped insurance landscape, 13.6 million Americans have enrolled in plans for 2022. Enrollment continues until Jan. 15.

#american-rescue-plan-2021, #health-insurance-and-managed-care, #insurance, #medicaid, #patient-protection-and-affordable-care-act-2010

The New Pentagon Papers: Civilian Casualties

Readers call for Pentagon accountability for the killing of civilians. Also: Julian Assange; Republican hypocrisy; two-family homes.

#affordable-housing, #american-rescue-plan-2021, #assange-julian-p, #civilian-casualties, #classified-information-and-state-secrets, #real-estate-and-housing-residential, #stimulus-economic, #united-states-defense-and-military-forces, #united-states-politics-and-government, #war-crimes-genocide-and-crimes-against-humanity

How Four Families Used the Child Tax Credit

The monthly payments of up to $300 per child put food on the table, paid bills and even went toward the occasional splurge.

#american-rescue-plan-2021, #biden-joseph-r-jr, #child-tax-credits-and-stipends, #coronavirus-2019-ncov, #families-and-family-life, #personal-finances, #quarantine-life-and-culture, #small-business, #united-states, #united-states-politics-and-government

The Year of Inflation Infamy

Maybe the real takeaway should be how little we know about where we are in this strange economic episode.

#american-rescue-plan-2021, #consumer-behavior, #consumer-price-index, #coronavirus-2019-ncov, #economic-conditions-and-trends, #inflation-economics, #interest-rates, #unemployment, #united-states-economy

Republicans Who Assailed Biden’s Stimulus Bill Are Embracing the Money

Republican governors who criticized the $1.9 trillion Covid relief bill as wasteful are championing state projects funded by the money.

#american-rescue-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #coronavirus-2019-ncov, #democratic-party, #desantis-ron, #dewine-mike, #ducey-doug-1964, #federal-aid-us, #federal-budget-us, #gianforte-greg-1961, #noem-kristi, #republican-party, #stimulus-economic, #united-states-politics-and-government

So You Lost the Election. We Had Nothing to Do With It.

Why is it that progressives are always blamed when moderates lose?

#american-families-plan-2021, #american-jobs-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #elections-house-of-representatives, #elections-senate, #infrastructure-investment-and-jobs-act-2021, #polls-and-public-opinion, #presidential-election-of-2020, #united-states-politics-and-government

American Families Are Drowning in Care Costs. Here’s How to Change That.

Ai-jen Poo on the economic potential of a public investment in child care, elder care and paid family leave.

#american-rescue-plan-2021, #child-care, #family-leaves, #income-inequality, #mcghee-heather-c-1980, #national-domestic-workers-alliance, #poo-ai-jen, #united-states, #united-states-economy, #wages-and-salaries