The Paradox of Pandemic Partisanship

Many Republicans consider Biden illegitimate — and support his plans.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #republican-party, #united-states-economy

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Biden’s Pick for Trade Representative Promises Break With Past Policy

Katherine Tai, the nominee to be America’s chief trade negotiator, declined to give policy specifics on tariffs and trade agreements, but laid out a broad vision of a more equitable trade policy.

#biden-joseph-r-jr, #income-inequality, #international-trade-and-world-market, #tai-katherine, #trans-pacific-partnership, #united-states-economy, #united-states-politics-and-government, #united-states-mexico-canada-agreement, #world-trade-organization

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Biden’s Pick for Trade Representative Promises Break With Past Policy

Katherine Tai, the nominee to be America’s chief trade negotiator, declined to give policy specifics on tariffs and trade agreements, but laid out a broad vision of a more equitable trade policy.

#biden-joseph-r-jr, #income-inequality, #international-trade-and-world-market, #tai-katherine, #trans-pacific-partnership, #united-states-economy, #united-states-politics-and-government, #united-states-mexico-canada-agreement, #world-trade-organization

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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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Powell Says Better Child Care Policies Might Lift Women in Work Force

The Fed chair said better caregiving options was an “area worth looking at” for Congress, while reiterating the central bank’s full-employment pledge.

#child-care, #federal-reserve-system, #labor-and-jobs, #powell-jerome-h, #quantitative-easing, #unemployment, #united-states-economy, #united-states-politics-and-government, #women-and-girls

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Biden Readies Executive Order to Bolster Critical Supply Chains

The order is intended to start an effort to insulate the American economy from future shortages of critical imported components.

#5g-wireless-communications, #biden-joseph-r-jr, #china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #factories-and-manufacturing, #international-trade-and-world-market, #schumer-charles-e, #shortages, #united-states, #united-states-economy, #united-states-politics-and-government

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Mitt Romney Has a Plan, and Joe Biden Should Borrow From It

Child poverty requires a permanent fix.

#coronavirus-2019-ncov, #families-and-family-life, #federal-aid-us, #poverty, #united-states-economy

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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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Powell Focuses on Economic Need at Key Moment in Markets and Politics

The Federal Reserve will continue to support the economy, its chair, Jerome H. Powell, pledged at a Senate hearing, even as concerns about inflation rise.

#federal-reserve-system, #interest-rates, #powell-jerome-h, #quantitative-easing, #senate-committee-on-banking, #toomey-patrick-j, #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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Janet Yellen on Jobs, Debt, Taxes, Climate and Cryptocurrency

The Treasury Secretary dropped hints about her priorities — if you know how to interpret them.

#banking-and-financial-institutions, #national-debt-us, #treasury-department, #unemployment, #united-states-economy, #virtual-currency, #yellen-janet-l

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What the Bond Market Is Telling Us About the Biden Economy

A recent rise in interest rates hints that a recovery is on the way, but it could also mean harder choices ahead on spending.

#biden-joseph-r-jr, #government-bonds, #inflation-economics, #interest-rates, #stimulus-economic, #treasury-department, #united-states-economy, #yellen-janet-l

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Why Top Economists Are Citing a Higher-Than-Reported Jobless Rate

The official rate stood at 6.3 percent in January, but using an expanded metric, Fed and Treasury officials say it’s closer to 10 percent.

#coronavirus-2019-ncov, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #powell-jerome-h, #recession-and-depression, #unemployment, #united-states-economy, #yellen-janet-l

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Just When You Thought Politics Couldn’t Unravel Any Further

What happens when “All the King’s Men” meets “National Lampoon’s Vacation”? Nothing good.

#cuomo-andrew-m, #elections-house-of-representatives, #elections-senate, #federal-budget-us, #haley-nikki-r, #patient-protection-and-affordable-care-act-2010, #united-states-economy, #united-states-politics-and-government

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The Jobs the Pandemic May Devastate

An updated forecast by the Bureau of Labor Statistics has alarming news for people with a high school diploma or less.

#coronavirus-2019-ncov, #income-inequality, #labor-and-jobs, #layoffs-and-job-reductions, #united-states-economy, #wages-and-salaries

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On the Post-Pandemic Horizon, Could That Be … a Boom?

Signs of economic life are picking up, and mounds of cash are waiting to be spent as the virus loosens its grip.

#coronavirus-2019-ncov, #gross-domestic-product, #labor-and-jobs, #personal-finances, #productivity, #recession-and-depression, #unemployment, #united-states-economy

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Is This the End of Tipping?

The restaurant industry is in crisis. But some see how bad things are for servers — including “maskual harassment” — as a unique chance to make life better.

#anxiety-and-stress, #consumer-behavior, #coronavirus-2019-ncov, #customer-relations, #labor-and-jobs, #minimum-wage, #quarantine-life-and-culture, #restaurants, #service-industries, #sexual-harassment, #tips-and-tipping, #united-states-economy, #wages-and-salaries, #women-and-girls, #workplace-hazards-and-violations

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The Boredom Economy

The pandemic is terrible. It can also be tedious. And that tedium is shaping what people buy and how productive they are.

#boredom, #gamestop-corporation, #robinhood-financial-llc, #shopping-and-retail, #united-states-economy

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The Book That Should Change How Progressives Talk About Race

Heather McGhee writes that racism increases economic inequality for everyone.

#black-people, #discrimination, #mcghee-heather-c-1980, #minorities, #race-and-ethnicity, #united-states-economy, #whites

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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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Global Chip Shortage Challenges Biden’s Hope for Manufacturing Revival

A global shortage of a key component for cars and electronics has shuttered American factories and set off fierce competition to secure supplies.

#automobiles, #biden-joseph-r-jr, #china, #computer-chips, #coronavirus-2019-ncov, #electronics, #factories-and-manufacturing, #ford-motor-co, #general-motors, #shortages, #taiwan, #united-states-economy, #united-states-politics-and-government

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Should the Feds Guarantee You a Job?

Not long ago, the question was rarely asked. Now, politicians and economists of various stripes are willing to consider it.

#economics-theory-and-philosophy, #federal-aid-us, #government-employees, #labor-and-jobs, #law-and-legislation, #unemployment, #united-states-economy, #vocational-training

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Stop Worrying About Inflation

The evidence that high inflation is coming is weak. It’s too weak, actually.

#blanchard-olivier-j, #inflation-economics, #interest-rates, #summers-lawrence-h, #united-states-economy, #volcker-paul-a

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In Milwaukee, Biden Offers Reassurance, and Tries to Avoid Mention of ‘the Former Guy’

It was President Biden’s first extended encounter with voters since Inauguration Day and was a rare opportunity for him to practice his signature brand of personal politics.

#biden-joseph-r-jr, #cnn, #cooper-anderson, #coronavirus-2019-ncov, #democratic-national-convention, #milwaukee-wis, #presidents-and-presidency-us, #psaki-jennifer-r, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #vaccination-and-immunization, #wisconsin

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Inflation Isn’t Lurking Around the Corner. This Isn’t the 1970s.

Democrats need to shelve the memory of stagflation.

#blanchard-olivier-j, #coronavirus-2019-ncov, #keynes-john-maynard, #stimulus-economic, #summers-lawrence-h, #united-states-economy

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Biden and the Fed Leave 1970s Inflation Fears Behind

Administration and Fed officials argue that workers not getting enough stimulus help is a larger concern than potential spikes in consumer prices.

#american-enterprise-institute-for-public-policy-research, #american-recovery-and-reinvestment-act-2009, #biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #inflation-economics, #interest-rates, #recession-and-depression, #stimulus-economic, #strain-michael-r, #summers-lawrence-h, #unemployment, #united-states, #united-states-economy, #yellen-janet-l

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How a Minimum-Wage Increase Is Being Felt in a Low-Wage City

Is $15 an hour too much, or not enough? Fresno, Calif., may be a laboratory for a debate over the minimum wage that is heating up on the national level.

#california, #fresno-calif, #income, #labor-and-jobs, #law-and-legislation, #minimum-wage, #poverty, #prices-fares-fees-and-rates, #restaurants, #united-states-economy, #wages-and-salaries

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A Year of Hardship, Helped and Hindered by Washington

For Kathryn Stewart, a struggling single mother in Michigan, the past year showed how much safety net programs can help — and how the nation’s fickleness about them can add confusion and uncertainty to fear and worry.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #food-insecurity, #mcconnell-mitch, #pelosi-nancy, #poverty, #stimulus-economic, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Can Biden Save Americans Like My Old Pal Mike?

A childhood friend’s deadly mistakes prompt reflection on our country’s — and my own.

#biden-joseph-r-jr, #children-and-childhood, #democratic-party, #homeless-persons, #income-inequality, #labor-and-jobs, #mental-health-and-disorders, #minimum-wage, #oregon, #poverty, #presidential-election-of-2020, #republican-party, #roosevelt-franklin-delano, #united-states, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries, #yamhill-ore

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Nobody Wins in an Economy of White Resentment

But there is a way out of America’s zero-sum socioeconomic thinking.

#black-people, #income-inequality, #johnson-lyndon-baines, #obama-barack, #race-and-ethnicity, #tea-party-movement, #united-states-economy, #whites

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Democrats Push to Borrow More Money as Deficit Is Set to Shrink Slightly in 2021

Top Democrats and some of President Biden’s advisers are considering borrowing money to fund a sweeping infrastructure package as the nation’s fiscal situation improves more rapidly than expected.

#biden-joseph-r-jr, #congressional-budget-office, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #federal-reserve-system, #house-committee-on-ways-and-means, #house-of-representatives, #neal-richard-e, #pelosi-nancy, #powell-jerome-h, #schumer-charles-e, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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Biden Is the Big Spender America Wants

His economic plans are overwhelmingly popular.

#american-rescue-plan, #biden-joseph-r-jr, #federal-budget-us, #obama-barack, #republican-party, #united-states-economy, #united-states-politics-and-government

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Dip in Unemployment Claims Offers Hope as New Virus Cases Ease

With restrictions lifting, workers in industries hard hit by the pandemic are getting a respite from layoffs, and job postings are increasing.

#coronavirus-2019-ncov, #federal-aid-us, #hiring-and-promotion, #labor-and-jobs, #labor-department-us, #unemployment, #unemployment-insurance, #united-states-economy

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The Economic Case for Regulating Social Media

The core business model of platforms like Facebook and Twitter poses a threat to society and requires retooling, an economist says.

#antitrust-laws-and-competition-issues, #conspiracy-theories, #facebook-inc, #freedom-of-speech-and-expression, #fringe-groups-and-movements, #hate-speech, #online-advertising, #political-advertising, #regulation-and-deregulation-of-industry, #rumors-and-misinformation, #social-media, #twitter, #united-states-economy, #united-states-politics-and-government, #youtube-com

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Bidenomics 101: Inside the White House’s Plans to Bring Jobs Back

In public and private, Biden and his advisers have signaled some dramatic interventions to revive U.S. manufacturing. Will they really happen?

#deese-brian-c-1978, #income-inequality, #international-trade-and-world-market, #labor-and-jobs, #presidential-election-of-2020, #tanden-neera, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government, #warren-elizabeth, #yellen-janet-l

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The Fed Chair Is Worried About Getting People Back to Work

Playing down inflation worries, Jerome H. Powell said policymakers needed to focus on restoring maximum employment.

#coronavirus-2019-ncov, #inflation-economics, #powell-jerome-h, #unemployment, #united-states-economy

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Biden Courts Business Support for Aid Package and Contested Minimum-Wage Increase

He endorsed a compromise plan in the House limiting direct payments to high earners as part of his $1.9 trillion proposal, as Democratic leaders fought to salvage a plan for a $15-an-hour wage.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #minimum-wage, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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Do Fed Policies Fuel Bubbles? Some See GameStop as a Red Flag

Analysts warn that low-interest rates are promoting speculative bubbles. The Fed itself has downplayed the possibility that it’s behind asset prices.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #federal-reserve-system, #gamestop-corporation, #interest-rates, #powell-jerome-h, #reddit-inc, #stocks-and-bonds, #united-states-economy

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Minimum Wage Hike Would Help Poverty but Cost Jobs, Budget Office Says

The Congressional Budget Office said raising the federal minimum wage to $15 would also increase the deficit, potentially helping the proposal’s prospects of being included in relief legislation.

#congressional-budget-office, #federal-budget-us, #income-inequality, #labor-and-jobs, #layoffs-and-job-reductions, #minimum-wage, #poverty, #sanders-bernard, #stimulus-economic, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries

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Crisis Spurs Congress Toward Big Measures to Lift Families From Poverty

Lawmakers, including at least one Republican, are focused on providing monthly payments to help families with children make ends meet.

#children-and-childhood, #coronavirus-2019-ncov, #democratic-party, #food-insecurity, #house-of-representatives, #labor-and-jobs, #poverty, #republican-party, #senate, #stimulus-economic, #tax-credits-deductions-and-exemptions, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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How Democrats Learned to Seize the Day

It seems that they won’t repeat Obama’s mistakes.

#american-recovery-and-reinvestment-act-2009, #biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #obama-barack, #republican-party, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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The Clash of Liberal Wonks That Could Shape the Economy, Explained

They all agree pandemic aid is warranted, but the question is how big and how quickly.

#biden-joseph-r-jr, #economic-conditions-and-trends, #inflation-economics, #recession-and-depression, #stimulus-economic, #summers-lawrence-h, #united-states-economy

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What if They Held an Impeachment Trial and Nobody Came?

Maybe it’s a good thing that we’re more focused on Biden. Or maybe we’ve just given up.

#biden-joseph-r-jr, #border-barriers, #cheney-liz, #coronavirus-2019-ncov, #deferred-action-for-childhood-arrivals, #democratic-party, #dream-act-development-relief-and-education-for-minors-act, #house-of-representatives, #illegal-immigration, #immigration-and-emigration, #republican-party, #sasse-benjamin-e, #senate, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Democrats to Unveil Up to $3,600 Child Tax Credit as Part of Stimulus Bill

The credit would send monthly payments to millions of Americans under certain income thresholds for a year starting in July.

#biden-joseph-r-jr, #children-and-childhood, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #families-and-family-life, #house-of-representatives, #internal-revenue-service, #law-and-legislation, #poverty, #stimulus-economic, #tax-credits-deductions-and-exemptions, #taxation, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

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Fighting Covid Is Like Fighting a War

Why Biden needs to go big and ignore the worriers.

#biden-joseph-r-jr, #committee-for-a-responsible-federal-budget, #congressional-budget-office, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #polls-and-public-opinion, #recession-and-depression, #stimulus-economic, #summers-lawrence-h, #united-states-economy

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This Climate Deal Is Good for Earth and the Economy

More than 100 nations have approved an accord phasing down a planet-warming coolant. The U.S. isn’t among them.

#biden-joseph-r-jr, #global-warming, #greenhouse-gas-emissions, #hydrofluorocarbons, #international-trade-and-world-market, #obama-barack, #treaties, #trump-donald-j, #united-states, #united-states-economy

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Biden Seizes on Weak Job Gains to Call for Quick Stimulus Action

The president said the economy was “in trouble” and warned Republicans he would move ahead with a $1.9 trillion aid package with or without their support.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #labor-and-jobs, #stimulus-economic, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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January 2021 Jobs Report: Outlook for Economic Recovery Dims

With a gain of 49,000 jobs in January, and with few of those in the private sector, the labor market offers little relief to the nearly 10 million Americans who are unemployed.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-aid-us, #labor-and-jobs, #labor-department-us, #recession-and-depression, #unemployment, #united-states-economy, #united-states-politics-and-government

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Will the Stimulus Plan Help Working Mothers?

How President Biden’s proposed stimulus package might affect women and families.

#child-care, #children-and-childhood, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #income, #labor-and-jobs, #minimum-wage, #parenting, #stimulus-economic, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries, #women-and-girls

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