Unemployment Is High. Why Are Businesses Struggling to Hire?

Health concerns, expanded jobless benefits and still being needed at home are among the reasons would-be workers might be staying away.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings, #labor-and-jobs, #shortages, #unemployment, #unemployment-insurance, #united-states-economy, #wages-and-salaries

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Can Biden Be Our F.D.R.?

President Biden wants to change the trajectory of the country. He’s off to a good start.

#american-jobs-plan-2021, #biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #infrastructure-public-works, #liberalism-us-politics, #new-deal-1930s, #presidents-and-presidency-us, #roosevelt-franklin-delano, #united-states-politics-and-government

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$2.1 Billion for Undocumented Workers Signals New York’s Progressive Shift

The fund, which could provide payments to hundreds of thousands of people excluded from other pandemic relief, ignited a battle among state lawmakers before it was approved this week.

#budgets-and-budgeting, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #cuomo-andrew-m, #illegal-immigration, #new-york-state, #ramos-jessica-1985

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NY Reaches Deal on $212 Billion Budget to Jump-Start Economic Recovery

Gov. Andrew M. Cuomo and the Legislature have agreed to raise taxes on the wealthy and give aid to renters, businesses and undocumented immigrants.

#budgets-and-budgeting, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #cuomo-andrew-m, #high-net-worth-individuals, #income-tax, #new-york-state, #politics-and-government, #state-legislatures, #taxation, #unemployment-insurance

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New York Reaches Deal on $212 Billion Budget to Jump-Start Recovery

Gov. Andrew M. Cuomo and the Legislature have agreed to raise taxes on the wealthy and give aid to renters, businesses and undocumented immigrants.

#budgets-and-budgeting, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #cuomo-andrew-m, #high-net-worth-individuals, #income-tax, #new-york-state, #politics-and-government, #state-legislatures, #taxation, #unemployment-insurance

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Biden Effort to Combat Hunger Marks ‘a Profound Change’

As millions of Americans lack enough to eat, the administration is rapidly increasing aid — with an eye toward a permanent safety net expansion.

#agriculture-department, #american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #food, #food-insecurity, #stimulus-economic, #united-states-economy, #united-states-politics-and-government, #vilsack-tom, #welfare-us

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Minority Entrepreneurs Struggled to Get Small-Business Relief Loans

A year after the Paycheck Protection Program started, studies show how its design hurt Black- and other minority-owned businesses.

#american-rescue-plan-2021, #banking-and-financial-institutions, #black-people, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #hispanic-americans, #income-inequality, #minorities, #paycheck-protection-program, #race-and-ethnicity, #small-business, #small-business-administration, #stimulus-economic

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Are You Shopping for Obamacare? Tell Us About It.

We want to hear from people who enrolled for health insurance about their experiences signing up.

#coronavirus-aid-relief-and-economic-security-act-2020, #healthcare-gov, #patient-protection-and-affordable-care-act-2010

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How Food Banks Succeeded and What They Need Now

Fatigue among donors and workers is a concern. 

#american-rescue-plan-2021, #chicago-ill, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-risks-and-safety-concerns, #feeding-america, #food-banks-and-pantries, #food-insecurity, #food-stamps, #quarantine-life-and-culture

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As Biden Weighs Infrastructure, One Group Fights for Inclusion: Mothers

For many mothers newly burdened by the pandemic, resentment lingers that the government is helping too late. Both political parties are now trying to court them.

#american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #delauro-rosa-l, #quarantine-life-and-culture, #saujani-reshma, #women-and-girls, #work-life-balance

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Shalanda Young, Top House Aide, Is Confirmed as Biden’s No. 2 Budget Official

Over more than a decade at the House Appropriations Committee, Ms. Young gained credibility with members of both political parties.

#biden-joseph-r-jr, #budgets-and-budgeting, #content-type-personal-profile, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #house-committee-on-appropriations, #house-of-representatives, #office-of-management-and-budget-us, #united-states-politics-and-government, #young-shalanda

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How Stimulus Checks Are Driving a Stock Buying Spree

The government set out to prop up the economy. It may also be propping up the market.

#american-rescue-plan-2021, #coronavirus-aid-relief-and-economic-security-act-2020, #quarantine-life-and-culture, #stocks-and-bonds, #united-states-economy

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Recast as ‘Stimmies,’ Federal Relief Checks Drive a Stock Buying Spree

The government set out to prop up the economy. It may also be propping up the market.

#american-rescue-plan-2021, #coronavirus-aid-relief-and-economic-security-act-2020, #quarantine-life-and-culture, #stocks-and-bonds, #united-states-economy

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Joe Biden: Old Pol, New Tricks

Biden’s got the buzz. Who’s smirking now?

#american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #obama-barack, #stimulus-economic

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I’ve Spent $60,000 to Pay Back Student Loans and Owe More Than Before I Began

Millions of Americans were forgotten when Congress extended protection for student loan holders. I’m one of them.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #pell-grants, #student-loans

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Tribal Communities Set to Receive Big New Infusion of Aid

President Biden’s $1.9 trillion relief package provides $31 billion for tribal nations and Indigenous people to address longstanding problems like poor health care.

#american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #indian-health-service, #native-americans, #pelosi-nancy, #stimulus-economic, #trump-donald-j, #united-states-politics-and-government

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Were the Airline Bailouts Really Needed?

Once again, we have socialized an industry’s losses and privatized its profits.

#airlines-and-airplanes, #american-airlines, #coronavirus-aid-relief-and-economic-security-act-2020, #delta-air-lines-inc, #executive-compensation, #lobbying-and-lobbyists, #parker-doug-1961, #stimulus-economic, #travel-and-vacations, #united-airlines

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Beer Here, Bouquets Next Door: How a Bar Defied the Pandemic

The Times followed the Hatch and its staff in Oakland after the pandemic began. The business not only survived, it’s expanding.

#bars-and-nightclubs, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #hatch-oakland-calif-bar, #quarantine-life-and-culture

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Democrats, Pushing Stimulus, Admit to Regrets on Obama’s 2009 Response

In pitching President Biden’s relief package, Democrats have said their 2009 stimulus efforts under Barack Obama were insufficient. Those close to Mr. Obama have noticed.

#american-recovery-and-reinvestment-act-2009, #american-rescue-plan-2021, #biden-joseph-r-jr, #collins-susan-m, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #elections-house-of-representatives, #emanuel-rahm, #federal-budget-us, #jarrett-valerie, #obama-barack, #presidential-election-of-2020, #primaries-and-caucuses, #united-states-politics-and-government

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Some Changes That May Affect Next Year’s Tax Return

You might not have filed this year’s return yet, but you should keep in mind that Congress changed the rules on things like charitable contributions and tax breaks for educational expenses for 2022.

#content-type-service, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-taxes-us, #philanthropy, #stimulus-economic, #tax-credits-deductions-and-exemptions

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How the U.S. Got It (Mostly) Right in the Economy’s Rescue

Though the recession has been painful, policymakers cushioned the pandemic’s blow and opened the way to recovery.

#american-rescue-plan-2021, #black-people, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-aid-us, #federal-reserve-system, #interest-rates, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #republican-party, #shutdowns-institutional, #stimulus-economic, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Biden’s Goals Are Clear. Now He Has to Achieve Them.

The president has raised expectations regarding vaccine supply and his complex, sprawling $1.9 trillion stimulus bill.

#american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-risks-and-safety-concerns, #stimulus-economic, #united-states-politics-and-government, #vaccination-and-immunization

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How Your 2020 Taxes Are Affected by the Coronavirus Pandemic

New rules, many of them temporary, give taxpayers breaks that can cut their tax bills or even generate extra refunds this year.

#content-type-service, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-taxes-us, #income-tax, #internal-revenue-service, #personal-finances, #rebates-and-refunds, #stimulus-economic, #tax-credits-deductions-and-exemptions, #tax-preparers-and-preparation, #unemployment-insurance

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The Coronavirus Made the Radical Possible

The past year has seen progressive pipe dreams become reality. But can we hold on to what we’ve learned?

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #evictions, #legal-aid-for-the-poor-civil, #prisons-and-prisoners, #public-and-subsidized-housing, #public-defenders-and-court-appointed-lawyers-criminal, #real-estate-and-housing-residential, #telemedicine

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On Covid Relief, Democrats Deserve a Victory Lap

A giant aid package is what the country badly needed and what voters wanted.

#american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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New York to Spend $65 Million to Rescue Cab Drivers. Is It Enough?

The city will use part of the money it expects to receive in the federal stimulus package to aid drivers who fell victim to exploitative loans.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #de-blasio-bill, #new-york-city, #stimulus-economic, #taxicabs-and-taxicab-drivers

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Looming Deadline and Last-Minute Changes Hinder Small-Business Relief

Lenders are struggling with a new Paycheck Protection Program rule intended to get more money to sole proprietors — and some banks are simply refusing to make the change.

#bank-of-america-corporation, #cardin-benjamin-l, #coronavirus-aid-relief-and-economic-security-act-2020, #jpmorgan-chasecompany, #small-business, #small-business-administration, #velazquez-nydia-m

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Move Over, Nerds. It’s the Politicians’ Economy Now.

Leaders of both parties have become willing to act directly to extract the nation from economic crisis, taking that role back from the central bank.

#american-rescue-plan-2021, #coronavirus-aid-relief-and-economic-security-act-2020, #economic-conditions-and-trends, #federal-reserve-system, #law-and-legislation, #quantitative-easing, #united-states-economy, #united-states-politics-and-government

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A Safety Net for American Children

Inside the $1.9 trillion economic stimulus bill, there is a provision that is revolutionary in the way the U.S. government regards minors.

#american-rescue-plan-2021, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #deparle-jason, #families-and-family-life, #income, #stimulus-economic, #tax-credits-deductions-and-exemptions, #united-states-economy

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Lessons From a Year of Pandemic Spending

Lost jobs and lockdowns forced almost everyone to change their spending habits. How many of those changes will stick? We talked to five households about their pandemic budgeting.

#content-type-personal-profile, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #layoffs-and-job-reductions, #stimulus-economic, #unemployment

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Divided Senate Passes Biden’s Pandemic Aid Plan

The chamber approved the package after a grueling marathon of amendment votes and last-ditch negotiations. The measure must now clear the House a second time.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #house-of-representatives, #republican-party, #schumer-charles-e, #senate, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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How a Disaster Relief Program Changed the Roman Empire for the Better

Pompeii may symbolize catastrophe, but its aftermath provides a blueprint for rebuilding.

#coronavirus-aid-relief-and-economic-security-act-2020, #disasters-and-emergencies, #pompeii-italy, #rome-italy

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What’s in a Vote-a-Rama?

Senate Democrats are racing to pass President Biden’s $1.9 trillion stimulus bill. That doesn’t mean things are moving fast.

#coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #law-and-legislation, #senate, #stimulus-economic, #united-states-politics-and-government

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Don’t Pay Tax Penalties on Money You Took From Retirement Accounts

Here’s a guide to avoiding unnecessary taxes on withdrawals made last year.

#content-type-service, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-taxes-us, #fines-penalties, #income-tax, #individual-retirement-accounts, #internal-revenue-service, #personal-finances

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Johnson Halts Action on Stimulus Bill With a Demand to Read it Aloud

Senator Ron Johnson, Republican of Wisconsin, used rules that called on legislative clerks to perform an hourslong reading of the 628-page text.

#coronavirus-aid-relief-and-economic-security-act-2020, #government-employees, #johnson-ron-1955, #law-and-legislation, #merlino-john, #senate, #stimulus-economic, #united-states-politics-and-government

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Republicans Won Blue-Collar Votes. They’re Not Offering Much in Return.

Party leaders want to capitalize on Donald Trump’s appeal to the white working class. But in recent weeks, they’ve offered very little to advance working people’s economic interests.

#conservatism-us-politics, #conservative-political-action-conference, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #republican-party, #stimulus-economic, #united-states-economy, #united-states-politics-and-government, #voting-and-voters

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Biden Agrees to Lower Income Caps For Stimulus Payments

President Biden blessed the plan to lower the income cap for Americans receiving checks of up to $1,400, a crucial concession to moderates whose backing is needed to pass the bill.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #income, #republican-party, #senate, #stimulus-economic, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries

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How Neighborhood Groups Are Trying to Provide a Pandemic Safety Net

Mutual aid groups are evolving into a long-term effort to help with food, clothing and counseling. “It’s about building the world we want to see,” one volunteer said.

#bronx-nyc, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #food, #klinenberg-eric, #new-york-city, #new-york-university, #volunteers-and-community-service

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Empty Office Buildings Squeeze City Budgets as Property Values Fall

A looming hit to tax revenues puts pressure on Congress to deliver relief.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-state-relations-us, #house-of-representatives, #law-and-legislation, #local-government, #property-taxes, #real-estate-commercial, #recession-and-depression, #renting-and-leasing-real-estate, #republican-party, #senate, #shopping-centers-and-malls, #stimulus-economic, #taxation, #united-states-economy, #united-states-politics-and-government

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The $1.9 Trillion Stimulus Plan

As the Senate prepares to vote on President Biden’s first major piece of legislation, we look at the partisan debate that has erupted around it.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #law-and-legislation, #states-us, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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After Stimulus, Biden to Tackle Another Politically Tricky Issue: Infrastructure

Strengthening the country’s highways, bridges and broadband networks has broad popular support, but Washington remains bitterly divided on the details.

#biden-joseph-r-jr, #bridges-and-tunnels, #buttigieg-pete-1982, #coronavirus-aid-relief-and-economic-security-act-2020, #house-of-representatives, #infrastructure-public-works, #obama-barack, #republican-party, #senate, #stimulus-economic

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Assessing Claims in the Coronavirus Stimulus Debate

Lawmakers have made an array of misleading claims about “Pelosi’s subway,” unauthorized immigrants receiving checks, school funding and the minimum wage as they debate the $1.9 trillion relief bill.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings, #federal-budget-us, #mccarthy-kevin-1965, #minimum-wage, #scalise-steve, #stimulus-economic

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Give Biden a Chance? On Covid Aid, Some Trump Voters Just Might

Republican leaders in Washington firmly oppose the president’s stimulus plan, but a sizable number of Trump voters support it, interviews and polls show.

#biden-joseph-r-jr, #conservatism-us-politics, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #national-debt-us, #polls-and-public-opinion, #republican-party, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #voting-and-voters

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Give Biden a Chance? On Covid Aid, Some Trump Voters Just Might

Republican leaders in Washington firmly oppose the president’s stimulus plan, but a sizable number of Trump voters support it, interviews and polls show.

#biden-joseph-r-jr, #conservatism-us-politics, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #national-debt-us, #polls-and-public-opinion, #republican-party, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #voting-and-voters

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How Is the Fed Thinking About Unemployment?

Our economics reporter gives a rundown on the real unemployment rate, stimulus checks and inflation.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #inflation-economics, #powell-jerome-h, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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Gov. Phil Murphy Unveils N.J. Budget Plan With No New Taxes

A $44.8 billion spending plan unveiled Tuesday by Gov. Phil Murphy calls for no new taxes and fully funds the state pension program for the first time since 1996.

#budgets-and-budgeting, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #elections-governors, #labor-and-jobs, #murphy-philip-d-1957, #new-jersey, #stimulus-economic, #taxation, #unemployment, #united-states-economy

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Biden Changes P.P.P. Rules for Self-Employed People, Pauses Some Applications

A more generous loan formula for solo ventures is meant to get more very small businesses into the Paycheck Protection Program. But bigger applicants face a two-week pause.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #freelancing-self-employment-and-independent-contracting, #minorities, #small-business, #small-business-administration, #united-states-politics-and-government

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Fraud Checks and Errors Slow Small-Business Relief Loans

The renewed Paycheck Protection Program has disbursed $134 billion this year, but many applicants have had to wait weeks for lenders to resolve problems.

#coronavirus-aid-relief-and-economic-security-act-2020, #paycheck-protection-program, #small-business, #small-business-administration

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More Consumers Complain About Errors on Their Credit Reports

Complaints doubled last year, federal data shows. Some problems may be related to pauses in mortgage and student loan payments in the pandemic.

#consumer-financial-protection-bureau, #consumer-protection, #content-type-service, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-scores, #equifax-inc, #experian-plc, #fair-isaac-corporation, #mortgages, #student-loans, #transunion-llc

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Kamala Harris: Women Leaving Work Force During Pandemic Is a ‘National Emergency’

“In one year,” Vice President Kamala Harris said, “the pandemic has put decades of the progress we have collectively made for women workers at risk.”

#biden-joseph-r-jr, #child-care, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings, #delauro-rosa-l, #harris-kamala-d, #labor-and-jobs, #layoffs-and-job-reductions, #tax-credits-deductions-and-exemptions, #united-states-economy, #united-states-politics-and-government, #women-and-girls

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