Economists, business leaders warn of 'huge' consequences to halting stimulus talks

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'It's literally millions of jobs in the balance here.'

The last round of coronavirus relief -- the CARES Act -- provided cash for most Americans, hugely consequential pandemic unemployment insurance, including for those who would normally be ineligible, and small business loans and grants to help float payroll. Pandemic unemployment insurance, which more than doubled what workers got in many cases as businesses closed around the country, ended in July, along with other safeguards.

"That means millions of people, no matter what they do, no matter how amazing they are, no matter how great their skills are, they won't get a job because the jobs just aren't there," she said."So, it's cruel to pull back on those things, but then it's also just terrible economics."The macroeconomic impacts of withholding new stimulus funds can slow the recovery for years to come, she said.

"Black and Brown workers have seen more job losses in this recession, they're getting hit harder," she said."So not doing stimulus hurts Black and Brown communities more." Jones also noted a looming budget crisis for state and local governments if no new aid comes, saying that"they can't be like the federal government and just keep borrowing money."

Tenants and housing rights activists protest for a halting of rent payments and mortgage debt, during the COVID-19 outbreak, in Los Angeles, Oct. 1, 2020.

 

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THAT'S RIGHT!!!!!!😡😡😡😡🤬🤬🤬🤬🤬

Trump is the only one who can bring us back again!

Biden will lose them

Trumpublican Senators could care less Get the new SCJ confirmed then go home Bye Bye to all normal folks & small business owners who have no influence We are on our own folks VOTE 11/3/2020

That’s Trump for you. It’s not about the American people, but rather his own re-election chances. Pathetic.

What say you SpeakerPelosi ? You gonna agree or hold out because it’s not your plan?

I think he's using the bargaining.. as leverage for something. Narcissist WorldMentalHealthDay COVID__19 seeing a 2nd wave.

I don’t think any rational person would go along with Nancy Pelosi. The woman is despicable she’s holding stimulus packages hostage for pork barrel politics. I don’t want my tax dollars going to Seattle ,Portland and Chicago. They can clean up their mess.

Nancy Pelosi needs to catch covid and go tf away.

Congress realizes they can actually negotiate a stimulus package without the president. They don’t actually need him for that.

Everybody needs a break right? Here's 37 seconds of pure mindless fun...

I am into SOLUTIONS.... Double the checks to CITIZENS and non to States. The States get their money from taxes on CITIZENS and Business. NO DOUBLE Dipping!. LIBERTY, THE GREATEST FEAR OF GLOBALIST. POTUS VP USTreasury . Let's go!.

Republicans don't care about Americans

Tell NancyPelosi that

SpeakerPelosi come on the people need this.

he lets them poison us with their industrial waste, then he makes us sick and doesn’t protect people from the virus, now he’s killing our businesses. laughing all the way to the bank, with hotel deals, using foreign policy decisions to leverage business deals.

Open the Country back up. Problem solved.

True but all the Democrats have to do is pull out all of the political pork they have stuffed into this bill

maga right

それ約分できるんじゃね

Trump is just leading us on because he doesn't want the economy to crash! He doesn't care about the citizens . It's not going to happen before the election!

Everyone knows what Pelosi is up to. No stimulus deal makes Trump look bad so close to the election. She’s holding the stimulus money hostage for a political agenda.

Bitcoin baby! She's moving up! I hope Americans are investing!!

Nancy is dangerous to America SEND MY STIMULUS $ LADY

This is obvious to someone who has no background in Economics. Pretty sad that the people running the country don't realize it.

Don't forget, these are the same leaders that screwed the pooch on the auto industry bail-out that triggered the mortgage crisis that initiated the global economic meltdown.

The Republicans can't agree to exact usage of the funds because they want to redirect it and loot it for other purposes.

It's the democrats who are to blame.

Pence crushed Harris in the VP debates! It was apparent to all who watched that she’s unfit to run anything. This should clinch President Trumps second term. Let’s face it with Biden circling the drain who would ever want Harris leading the way! She ruined CA! Stop her now!

Yeah obviously but we can't just keep racking up trillions in debt supporting everyone.

The coronavirus is Mongolian biological weapon! If don't believe it, they may slowly end killing humanity!

Donald J Trump is voicing more fantasies he has drems about. He HATES ALL CITIZENS THAT ARE OR LEAN TO THE DEMOCRATIC PARTY, HE is on a QUEST to Destroy the 2 Party system that has made us a fair Nation and Leader in the World . He will destroy us given a chance.

SpeakerPelosi pass the stimulus and quit being a political hack. Peoples lives depend on it.

Open everything up. Let businesses operate. Take the government knee off the neck of the economy.

Protest on Nancy’s front steps. S

Nancy wants billions for the Dems or YOU are not getting anything. Shes holding the misery of Americans to ransom.

13 men arrested for conspiring to kidnap/kill Michigan Gov. Whitmer, with additional plots to blow up bridge near her home to delay law enforcement and other plots to kill police officers in hope that Black Lives Matter supporters would be blamed &, thus sparking a new civil war.

Many of the poorest people are hurting the most.

The GOP: Confirming a Conservative Catholic Cult Member for the Supreme Court is our priority!

He knows he is going to lose and he is doing everything he can to tank the economy and leave America in ruins before he escapes to UAE, Saudi Arabia or Russia

Open up!!

- THIS IS ON THE DEMOCRATS Pelosi is a train wreck. She has done nothing since August. She does not care about the citizens of San Francisco, California, or the United States. Vote Republican and save this country.

stevenmnuchin1 senatemajldr SpeakerPelosi

Yet you all support a national shut down. You people are just the worst.

As they toy with the next stimulous packadge

wbpictures DannyEstrada

You have a man in the White House who has never faced hunger, never faced eviction, never had to choose between electricity or food. And he is playing games with those who now face those very dangers. He is a monster.

Thompson will be hiring nationwide with good paying jobs. Starting pay will be $25 an hour. America, if you want good paying jobs and to help fight climate change? Write my name on the ballot. Morris Kent Thompson for President APAP

Thompson will be hiring nationwide with good paying jobs. Starting pay will be $25 an hour. America, if you want good paying jobs and to help fight climate change? Write my name on the ballot. Morris Kent Thompson for President APAP

- IT IS NOT ONLY STIMULUS The problem is in the states run by Democrats, they are having more problems. For example look at New York and Michigan. Total lack leadership and that is what the country will get with Biden. VOTE REPUBLICAN AND SAVE THIS COUNTRY.

Is the whole country now addicted to 'welfare'?

Pelosi is more interested in the 25 amendment ...

What truly matters is not which party controls our government, but whether our government is controlled by the people.

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