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New York City is planning
to fully reopen on July 1, Mayor Bill de Blasio announced bringing back its businesses, restaurants, and cultural venues at full capacity for the first time in 16 months.
Lapse in federal stimulus packages forced millions of Americans into deeper debt
and last updated 2021-01-28 18:11:48-05
Americans owe nearly $1 trillion in credit card debt, an all-time high, according to the Federal Reserve. Much of that debt was piled on over the last half of 2020 when many people on unemployment lost the CARES Actâs $600 supplemental.
âWhen I lost my job in April, my unemployment was $65 a week, but I was getting the extra $600 which was helping some,â said Mary Davis in Michigan.
Davis struggles with a disability and was only able to work part-time before the pandemic. When she lost her part-time retail job in April of 2020, initially, she was getting the $600 CARES Act supplemental and had an income of $665 a week. However, her monthly food stamps and other low-income benefits were taken away. She was on the hook for her full rent, which was $1,100 a month, in addition to paying for her utilities and food for herself and her young son.