Economy
Another 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…
Read MoreSince the beginning of the COVID-19 outbreak, the concerns of Republican lawmakers have not been towards the people of North Carolina, but rather corporate profits. Despite various public health safety measures implemented by Gov. Roy Cooper based on health officials and White House guidelines, Republican lawmakers have continued to push bills that undo months of…
Read MoreTwo weeks after meeting to approve a $1.6 billion package that distributed COVID-19 funds from Washington, the North Carolina General Assembly resumed its annual session on Monday. Republicans in the N.C. Senate unveiled spending priorities on Tuesday for the coming fiscal year, rolling out more than 18 separate bills. The N.C. house has yet to…
Read MoreU.S. Senator Richard Burr is temporarily stepping down as Chairman of the Senate Intelligence Committee as federal investigators look into timely stock sales he and his wife made after receiving coronavirus briefings from U.S. public health officials. This comes after federal agents served a search warrant on the lawmaker and seized a cellphone on Wednesday…
Read MoreAccording to a federal Public Financial Disclosure Act filing, Gerald Fauth, U.S. Sen. Richard Burr’s brother-in-law, sold six stocks valued at between $97,006 and $280,000. The stock sales were conducted on the same day that Burr and his wife dumped over $1.72 million of their stock holdings. All the sales were made after Burr attended…
Read MoreOn May 2, the North Carolina General Assembly approved a $1.57 million COVID-19 relief package. Votes in both the House and the Senate during the Saturday session were unanimous, marking the legislature’s first response to the pandemic. The $1.57 billion package contains funding for education, health care, small business loans, food banks, medical research, testing…
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