Economy
New Year’s Eve marks the end of the Centers for Disease Control and Prevention’s (CDC) national eviction moratorium. The expiration of the eviction moratorium would result in millions of Americans losing their homes as COVID-19 cases continue to surge. According to the Aspen Institute, nearly 40 million Americans could face eviction over the next several…
Read MoreOn Sunday, The New York Times released a report extending more than two decades of tax-return information from Trump and the hundreds of companies that make up his business organization. According to the report, Trump paid just $750 in federal income tax in 2016 and 2017 — the year he ran for office, and due…
Read MoreOn Friday, North Carolina Governor Roy Cooper signed a $1 billion coronavirus relief bill into law. The COVID-19 relief bill seeks to spend more than $900 million in funding left over from the $4 billion sent by Congress as part of the CARES Act. The bill, proposed by Republican leaders in the North Carolina General…
Read MoreLast Thursday, the Senate adjourned until September 8, without reaching a deal for the next round of coronavirus relief legislation. The lack of a deal leaves millions of Americans in financial peril, as the $600 per week federal unemployment benefit, the nationwide moratorium on evictions and the window to apply for Paycheck Protection Program small…
Read MoreOn Saturday, Trump signed three memoranda and one executive order at his exclusive New Jersey golf resort, ahead of any stimulus bill agreement between the House and Senate. In an attempt to appear to come to the nation’s rescue, Trump’s measures would provide $300 per week in federal unemployment assistance with another $100 a week…
Read MoreAnother round of coronavirus relief package talks began today, as Congress adjourned for the weekend without coming to any deal on the program or a larger emergency stimulus package. The $600 weekly unemployment benefit that helped 32 million Americans stay afloat, officially ended on Friday — leaving unemployed Americans in limbo while Congress continues to…
Read MoreAs Congress debates how to shape the next phase of coronavirus relief, the extra $600 federal unemployment benefits that were legislated through the CARES Act have now expired for millions across the country. The last payment rolled out this past weekend, as the House and Senate are considering different economic stimulus packages. Instead of extending…
Read MoreNumerous moratorium on evictions across the nation, including in North Carolina, are set to end in the coming days. According to a Census Bureau survey, almost 24 million Americans say that they don’t expect to be able to make their next monthly rent or mortgage payment, as the blockage of utility charges and the eviction…
Read MoreThis week, millions of North Carolinians and people across the country will see a drastic reduction in unemployment benefits as the additional $600 federal UI is set to stop at the end of the month. In March, the federal government agreed to send an additional $600 to unemployed workers from the CARES Act. Talks of…
Read MoreThe General Assembly adjourned on Saturday, with lawmakers coming back into session on Sept. 2. In its most recent legislative session, Republican lawmakers did not set aside politics on many issues, but rather ignored public health officials and sought to force the reopening of the state. During an unprecedented moment, the demands of the wealthy…
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