$900 Billion Federal Stimulus: What’s In it, What’s Not, What Remains
By Charlene Crowell
Although a New Year has begun, many American consumers and small businesses continue to feel a financial hangover from the challenges of 2020. As the global pandemic reveals a still-soaring American infection rate, the nation has also surpassed 350,000 related deaths, added more workers to the ranks of unemployed, and growing debts place millions more in financial crisis.
To make matters worse, a $900 billion federal stimulus package passed on December 22 by Congress did not receive a presidential signature until December 27, thereby delaying access to additional federal aid for a nation in need. The delayed aid, a fraction of the $2.3 trillion aid package passed in March 2020, and the $2.4 trillion HEROES Act that House Democrats passed last June, will tackle greater needs with fewer revenues spread over a wide range of
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