Smaller $748 billion federal emergency aid package may pass bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
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The ongoing COVID-19 pandemic has caused dramatic damage across the world, both for those infected with the disease and those who have lost jobs, income, education, and physical and mental well-being during the shutdowns and restrictions. Elected officials have sought to address the public health crisis and mitigate the economic fallout of the disease.
While the crisis does justify temporary federal activity aimed at providing relief for the emergency at hand, it is not a blank check for wasteful spending. The federal debt has increased by more than $4 trillion since January 1, 2020, and public debt now exceeds the gross domestic product for the first time since World War II.REF It is imperative for legislators to ensure that COVID-19 relief is targeted, timely, and temporary.REF
Ohio s colleges and universities navigate limited amounts of coronavirus-related relief
Hiram College received about $1 million in federal HEER funds in the spring.
When colleges got billions of federal dollars back in the early days of the coronavirus pandemic, many leaders hoped it was just the beginning. But institutions have received only that first round of money so far, leaving some Ohio schools to stretch parts of those grants out as the virus and its impact rages on. We knew that this was going to get a lot worse before it got better, and we also didn t know whether there would be additional money coming from the government, said Dr. Forrest Faison, senior vice president for research and innovation and chief health care strategy officer at Cleveland State University who s also leading the university s pandemic response efforts. So it was important for us to be judicious to buy the things that we needed to make the campus safe and take care of our students, but at the s