Forbes (July 7)
In the U.S., evictions could be the “next shoe to drop” as the pandemic continues to play havoc with the economy. “There are a confluence of factors that could result in wide-scale evictions this month” as enhanced unemployment benefits and eviction moratoriums are set to expire. The evictions could possibly extend to “millions of Americans.”
Tags: Confluence, Economy, Evictions, Havoc, Moratoriums, Pandemic, U.S., Unemployment benefits
New York Times (December 27)
“Just before the Christmas break, negotiations on the so-called fiscal cliff ended on an absurdist note.” House Republicans rejected the President’s “overly generous budget deal,” as well as “their own leadership’s proposal.” This is unacceptable. “No deal means the end of federal unemployment benefits” for 3 million people and an increase in payroll taxes for 125 million households.
Financial Times (December 11)
Congress should extend the payroll tax cut. “US growth is too fragile at this stage to risk fiscal contraction. If the payroll cut expires, it would withdraw almost $1,000 from the average middle-class pay packet.” Unemployment benefits should also be extended. Congress should “not punish those who are trying to find work.”
Tags: Congress, Growth, Payroll tax, U.S., Unemployment benefits
