What does the economy need now? 4 suggestions for Biden’s coronavirus relief bill | Opinion
Updated Feb 01, 2021;
Posted Feb 01, 2021
Joe Biden got right to work after his inauguration, issuing several executive orders meant to address the economic crisis. (AP Photo/Evan Vucci)
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Editor’s note: The Biden administration has made it clear it wants to inject more money into the U.S. economy and provide more aid for priorities like vaccines, reopening schools and state governments. We asked four economists to share what’s on the top of their wish lists for Biden and Congress, and why.
A better way to save businesses while helping workers
Biden proposed $1.9 trillion in new coronavirus relief spending to help with the economic fallout of COVID-19. Four economists have a few ideas for him.
A trio of promising coronavirus vaccines promises to plunge a stake through the dark pandemic-riddled heart of 2020.
That’s the good news. Less encouraging is the reality that our national resolve will continue to be tested well into 2021 as a comprehensive inoculation rollout is likely only by summer.
In the meantime, winter is coming.
COVID-19 cases and deaths are skyrocketing nationwide, taxing hospital staff and facilities. More school disruptions seem inevitable, vexing students and frustrating parents. The recession has plunged millions into unemployment, challenging the incoming administration of President-elect Joe Biden to provide relief.
And partisan politics linger, undermining the kind of united front necessary to stem the tide of death and economic disruption.
What will 2021 bring? Promising vaccines and the darkest days of our war on COVID-19 dailyamerican.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyamerican.com Daily Mail and Mail on Sunday newspapers.
Hoosiers struggle as Congress debates COVID-19 relief Binghui Huang and Alexandria Burris, Indianapolis Star
During a family gathering earlier this month, 10-year-old Jayden Klink stood next to the Christmas tree looking at the handmade ornaments of handprints and said the holiday is about spending time with family, not buying gifts.
Jayden s mom, 50-year old Renee Klink of Noblesville, blinked back tears at that heartfelt admission while explaining she s teaching him such lessons because money is tight this holiday. She s worried about being evicted if she can t pay rent.
. Absolutely terrified.
Klink hasn t worked since March, when she lost her corporate catering job amid the coronavirus pandemic. She s one of hundreds of thousands of Hoosiers relying on unemployment insurance programs created by the federal CARES Act, a relief bill signed into law in March that paid businesses and workers, temporarily banned evictions and funded social benefit