The $600-a-week federal supplement to unemployment benefits enacted under the CARES Act is scheduled to expire after July 31, barring an extension from Congress, which seems unlikely given Republican opposition. (States can only pay this enhanced benefit through the week ending on July 25 or July 26.) For many Americans who lost their job during … Read more
Back in May, the House passes $3 trillion relief package – the Heroes Act – that the “Grim Reaper” of the Senate, “Moscow Mitch” McConnell, declared DOA in his legislative graveyard. “It is important to note that more than 80 percent of the priorities in the Heroes Act have been supported by the Republicans in the four … Read more
How many ways can Arizona flub its COVID19 response simultaneously? Not only did the Washington Post report that “Arizona has lost control of the pandemic,” Governor Doug Ducey also has been slow and intentionally minimalist in his distribution of relief to Arizonans who are suffering financial hardship. His government has distributed only a tiny fraction of the funds available … Read more
On Friday, Trump used a flawed unemployment report showing showing some two million jobs returned to the economy as a reason to launch his Russian-style dezinformatsiya campaign ad, “The great American comeback has begun”. Actually, A ‘misclassification error’ made the May unemployment rate look better than it is: “The special note said that if this … Read more
Congress recently sweetened the terms for businesses seeking loans to survive the economic impact of the coronavirus pandemic with the passage of the Paycheck Protection Program Flexibility Act of 2020, amending the original PPP loan program enacted as part of the CARES Act (summarized): The SBA had previously provided that PPP loans would have a … Read more