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Paul Krugman: The ghost of sabotage future

Paul Krugman: The ghost of sabotage future When a Democrat is in the White House, Republicans try to sabotage the economy. (Klaas Verplancke | The New York Times) Crucial aid to many unemployed Americans and businesses expired months ago, writes New York Times columnist Paul Krugman. But now some of that aid is back, for a while. By Paul Krugman | The New York Times   | Dec. 22, 2020, 7:14 p.m. The not-a-stimulus deal Congress reached over the weekend seriously, this is about disaster relief, not boosting the economy didn’t come a moment too soon. Actually, it came much too late: Crucial aid to many unemployed Americans and businesses expired months ago. But now some of that aid is back, for a while.

Fight over Federal Reserve powers holding up year-end deal

Fight over Federal Reserve powers holding up year-end deal Alexander Bolton © Bonnie Cash Fight over Federal Reserve powers holding up year-end deal A partisan fight over language that would terminate the Federal Reserve s power to set up credit lending programs to backstop the fragile U.S. economy has emerged as a significant obstacle to getting a deal on a year-end COVID-19 relief package. Republicans say the Fed s authority to set up special purpose vehicles to keep money flowing through the United States economy is no longer needed and that Congress always intended to eventually end the special authority created by the CARES Act in March.

Organized Debtors Are Preparing to Strike If Biden Doesn t Cancel Student Debt

Organized Debtors Are Preparing to Strike If Biden Doesn’t Cancel Student Debt President- elect Joe Biden exits the Queen in Wilmington, Delaware, on December 9, 2020. Demetrius Freeman / The Washington Post via Getty Images By Donald Trump has finally said that he will leave the White House, but troubles in the United States will be far from over when Joe Biden is sworn in as president on 20 January 2021. Facing a global economic crisis and with half a million deaths from Covid-19 projected by 1 April, Biden’s administration will have to act quickly and decisively to provide relief to the American people.

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