07-21-2020, 01:42 AM
Quote:At the end of the month, the extra $600 per week of unemployment insurance benefits put in place under the CARES Act is set to expire, which could affect some 33 million workers. In the coming weeks and months, eviction moratoriums and mortgage and student loan forbearance programs will wind down. Small businesses continue to struggle to stay afloat, and many of those that got loans have used them up already. State and local governments are still in dire need of financial assistance. These issues aren’t ones that only plague the parties that are directly affected; they also have knock-on effects across the economy. Not being able to pay rent isn’t just a problem for the tenant — it’s also a problem for the landlord. It’s an urgent situation, but many people in government aren’t treating it that way. We’re sleepwalking toward catastrophe..If Congress doesn’t act, massive unemployment and a ruined economy may come soon - Vox