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America Threated with Sudden Financial Ruin- Unemployment, Sick Leave, and Housing Aid set to expire

Washington Post - More than two dozen federal stimulus programs crafted to help cash-strapped workers and businesses weather the coronavirus pandemic are set to expire in a matter of weeks, adding urgency to congressional negotiations over a new $908 billion relief package that might help break months of political deadlock. Without the new aid, the end of a series of key stimulus programs threatens to push the country closer to the financial cliff. Millions of Americans are set to lose unemployment benefits, access to paid sick leave and protections against evictions. Businesses no longer may be able to count on a handful of key tax credits to help their bottom lines, and state and local governments run the risk of having to return millions of dollars they had hoped to spend on the public-health crisis and the financial carnage it has wrought.

“If we let things that are going to expire [actually] expire in December, you are truly going to have widespread hardship,” warned Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, which estimated 25 aid programs from Congress and the White House are set to expire without Washington action. That’s on top of a slew.....READ MORE

The Washington Post is an American daily newspaper published in Washington, D.C. It is the most-widely circulated newspaper within the Washington metropolitan area, and has a large national audience. Daily broadsheet editions are printed for the District of Columbia, Maryland, and Virginia.



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