6. Without aid, governments suffering from massive losses of sales and income tax revenues will be forced to pull back spending, meaning reduced services and firing public employees such as teachers. They may also have trouble funding homeless shelters and their alternatives, which have reduced capacity due to the pandemic.
just wait No politician would risk his or her re-election chance, so, just wait - they will vote for a relief bill, meaning: print more money and pass the bucks to the tax-payers down the road.
諸葛 料事如神。
「According to information released, and reported by the Washington Post, the current proposal which will probably be revised if passed at all will include an additional $300 weekly enhanced benefit for unemployed Americans for an additional four months. It would also include $160 billion in aid directed to states and local aid as well as liability protections for businesses in the short-term.
Although there is still a tremendous gap to close to come to a consensus on the amount as well as how it is allocated this is the first real discussion since negotiations broke down two months ago. Other hurdles include the fact that by December 11, the executive and legislative branches must allocate a new budget to avoid a government shutdown. Additionally, the moratorium against evictions is set to expire on December 31. That being said this is extremely welcome news. Although any stimulus package will require major compromises to complete a bipartisan agreement, the fact that a bipartisan announcement of a $908 billion stimulus proposal is the first step to reaching an agreement and passing legislation.
The net result of this new proposal has given gold a tremendous upside boost. As of 3:00 PM EST, the most active February 2021 gold contract is currently trading up by $36.80 and currently fixed above $1800, at $1817.60. Gold gained over 2%」
Trump's COVID bill delay leaves millions of desperate Americans in limbo ~ By Jonnelle Marte DECEMBER 23, 202012:09 noon (Reuters)
President Donald Trump’s threat late Tuesday to veto the $892 billion coronavirus relief bill approved by Congress this week may delay aid for millions of families on the cusp of eviction and about to lose unemployment benefits.
About 14.1 million people are receiving unemployment benefits through pandemic programs that are set to expire on Dec. 26, according to Labor Department data.
The bill extends a moratorium on evictions that expires Dec. 31 through the end of January, and provides $25 billion in emergency rental assistance.
About 40 million people could face eviction over the next several months, according to research from the Aspen Institute. They owe about $70 billion in unpaid back rent and utilities, Moody’s Analytics Chief Economist Mark Zandi estimates.
