Tag: Federal Aid (US)

Critics Fear Amtrak Is Using Pandemic to Cut Service That Won’t Return

WASHINGTON — Amtrak has long wanted to cut back on long-distance train routes that span America’s heartland, but political pressure from Congress made it next to impossible. Then came the coronavirus. Since March, the pandemic has killed over 128,000 Americans and exacted a higher financial toll on the transportation industry than the attacks of Sept. […]

Read More

The Coronavirus Could Destroy Mass Transit. Federal Aid Can Help.

As Congress plans another round of economic rescue, it will have to take a step that lawmakers from both parties have found distasteful for four decades: federal operating aid for mass transit. The pandemic is an existential crisis for transit. Patrick Foye, chairman of New York’s Metropolitan Transportation Authority, the nation’s largest provider, said the […]

Read More

Congress Extends Small Business Loan Program for 5 Weeks

WASHINGTON — The House on Wednesday agreed to extend for five weeks a popular pandemic relief loan program for small businesses, sending President Trump legislation to give companies more time to apply for federal help under an initiative created by the stimulus law. The move to extend the Paycheck Protection Program through Aug. 8, which […]

Read More

Congress Extends Small Business Loan Program for 5 Weeks

WASHINGTON — The House on Wednesday agreed to extend for five weeks a popular pandemic relief loan program for small businesses, sending President Trump legislation to give companies more time to apply for federal help under an initiative created by the stimulus law. The move to extend the Paycheck Protection Program through Aug. 8, which […]

Read More

Billions in College Aid Hiding in Plain Sight

With college students and graduates burdened with over $1.5 trillion in student debt, it’s infuriating that applying for financial aid is so difficult that billions of dollars in federal aid go unclaimed, leaving many students deprived of opportunity. To apply for federal aid, students need to fill out a Free Application for Federal Student Aid […]

Read More

De Blasio and Council, Facing Fiscal Crisis Over Virus, Agree on Budget With Big Cuts

Bowing to political pressure and a bleak fiscal reality that evoked municipal crises of decades past, New York City officials on Monday agreed to an austerity budget that includes drastic cuts to city services and a $1 billion shift of resources out of the New York Police Department. New York, like the rest of the […]

Read More

Vast Federal Aid Has Capped Rise in Poverty, Studies Find

WASHINGTON — An unprecedented expansion of federal aid has prevented the rise in poverty that experts predicted this year when the coronavirus sent unemployment to the highest level since the Great Depression, two new studies suggest. The assistance could even cause official measures of poverty to fall. The studies carry important caveats. Many Americans have […]

Read More

She Survived the Coronavirus. Then She Got a $400,000 Medical Bill.

Janet Mendez started receiving bills soon after returning in April to her mother’s home from Mount Sinai Morningside hospital, where she nearly died of Covid-19. First, there was one for $31,165. Unable to work and finding it difficult to walk, Ms. Mendez decided to put the bill out of her mind and focus on her […]

Read More

Farmers Get Billions in Virus Aid, and Democrats Are Wary

WASHINGTON — Cotton farmers were paid 33 times as much in federal subsidies in 2019 as the income they actually lost to trade disruptions, one study showed. Farmers in Georgia, the home state of Agriculture Secretary Sonny Perdue, were paid more in federal aid per acre than anywhere else in the nation, another found. Some […]

Read More

House Democrats Unveil $3 Trillion Pandemic Relief Proposal

WASHINGTON — House Democrats on Tuesday unveiled a $3 trillion pandemic relief measure, an ambitious package with aid for struggling states and another round of direct payments to Americans that Republicans instantly dismissed as an exorbitantly priced and overreaching response to the coronavirus crisis. The proposal, which spanned 1,815 pages, would add a fifth installment […]

Read More

More Aid to States? That May Depend on Their Political Hue

WASHINGTON — When Senator Mitt Romney of Utah strode into a luncheon with fellow Republicans last week, he was carrying an oversize poster in his black-gloved hand that bore a blunt message: “Blue states aren’t the only ones who are screwed.” Two days later, Senator Rick Scott of Florida made the opposite point, arriving at […]

Read More

Native American Tribes Sue Over Coronavirus Stimulus Aid

WASHINGTON — A group of Native American tribes is suing the Treasury Department for failing to provide billions of dollars in coronavirus relief allocated for tribes in the $2.2 trillion stimulus package, setting off one of the most significant legal battles between tribal governments and the United States in years. The human and economic toll […]

Read More

Officials Say Limits on Virus Relief Funds for States Are Too Tight

WASHINGTON — Lawmakers and state officials say the Trump administration is unreasonably restricting how local governments can spend federal aid as they struggle to stay afloat during the pandemic and Republicans raise doubts about providing added financial relief to hard-pressed communities. The officials say new Treasury Department rules that prohibit local governments from using their […]

Read More

McConnell to Every State: Drop Dead

Covid-19 has killed tens of thousands of Americans, and will clearly kill many more. The lockdown needed to contain the coronavirus is causing an economic slump several times as deep as the Great Recession. Yet this necessary slump doesn’t have to be accompanied by severe financial hardship. We have the resources to ensure that every […]

Read More

The Virus Won’t Revive F.D.R.’s Arts Jobs Program. Here’s Why.

In the loft above the pickle factory, dozens of women sat each day at looms or hovered around copper-lined tanks filled with dye, weaving drapes and rugs for the government. It was San Francisco, in the early 1940s, and Margery Magnani, a 20-something French literature major, somehow found herself the forewoman, supervising as many as […]

Read More

McConnell Says States Should Consider Bankruptcy, Rebuffing Calls for Aid

WASHINGTON — Senator Mitch McConnell took a hard line on Wednesday against giving cash-short states more federal aid in future emergency pandemic relief legislation, saying that those suffering steep shortfalls amid the coronavirus crisis should instead consider bankruptcy. “I think this whole business of additional assistance for state and local governments needs to be thoroughly […]

Read More

What’s Next for Restaurants Shut Out of Paycheck Protection Program

There are days lately when Renato Poliafito feels he is reliving a familiar old nightmare. In 2012, when Hurricane Sandy drove the evening high tide onshore, Mr. Poliafito was an owner of a small bakery called Baked, in Red Hook, Brooklyn. Bay water ran through the neighborhood’s low-lying streets and into the basement of Baked, […]

Read More

Dispute Over Virus Testing Delays Deal on Aid to Small Businesses and Hospitals

WASHINGTON — A dispute between Democrats and the White House over how to handle coronavirus testing emerged on Monday as one of the most significant sticking points as negotiators struggled to finalize a nearly $500 billion bipartisan agreement to replenish a loan program for small businesses and provide more funding for hospitals and testing. Democrats are […]

Read More

Boeing’s Problems Predate the Virus. Should the U.S. Come to Its Rescue?

Two deadly crashes that left its 737 Max airliner fleet grounded. An aborted mission of its new spacecraft. Problems with a tanker it makes for the Air Force, a depressed stock price and the abrupt dismissal of its chief executive. Boeing faced serious problems largely of its own making long before the coronavirus crisis wounded […]

Read More

Take Government Aid? We’ll See, Some Businesses Say

Grants, low-interest loans and other government support might seem like manna for businesses under financial strain. But some chief executives and corporate boards might balk at the offer of billions of dollars in aid to help them ride out the coronavirus pandemic and keep the economy from sliding into a deep recession. Already, some corporate […]

Read More

The President vs. the Governors

Listen and subscribe to our podcast from your mobile device: Apple Podcasts | Spotify | Google Play | RadioPublic | Stitcher This week on “The Argument,” how is the coronavirus — and President Trump’s response to it — hitting blue states and red states differently? Michelle Goldberg argues that Trump’s efforts to secure flattery from […]

Read More

Coronavirus relief bill: What it means for business

The $2 trillion coronavirus rescue package that the Senate passed on Wednesday will fundamentally transform the U.S. government by placing thousands of businesses and millions of workers on federally funded life support. The government will pay the wages of some workers who remain on their companies’ payrolls. It will sustain other workers who have lost […]

Read More

Democrats Again Block Action on Coronavirus Stimulus, Seeking Restrictions on Corporate Aid

WASHINGTON — The Treasury secretary and the top Senate Democrat said late Monday that they were on the brink of a deal on a nearly $2 trillion emergency economic aid measure to respond to the coronavirus pandemic, after a marathon day of talks as Democrats demanded stronger protections for workers and restrictions for bailed-out businesses. […]

Read More

Mnuchin Proposes $1,000 Checks in $1 Trillion Coronavirus Plan

WASHINGTON — The White House and lawmakers scrambled on Thursday to flesh out details of a $1 trillion economic stabilization plan to help workers and businesses weather a potentially deep recession, negotiating over the size and scope of direct payments to millions of people and aid for companies facing devastation in the coronavirus pandemic. Senate […]

Read More

Movie Theater Owners: We Need a Bailout, Too

LOS ANGELES — With movie theaters across the country shutting their doors and furloughing the majority of their hourly workers, the National Association of Theater Owners asked Congress and the Trump administration on Wednesday for relief measures meant to help multiplexes stay solvent until business can resume. In an effort to combat the spread of […]

Read More

Is Youth Homelessness Going Up or Down? It Depends on Whom You Ask

Most public officials would agree that, to tackle a pressing social problem, it makes sense to rely on the best data available. What happens, then, when there are two sets of numbers and each tells a different story? This appears to be the case when it comes to tracking the prevalence of homelessness among young […]

Read More

‘More Severe Than the Great Recession’

This article is part of David Leonhardt’s newsletter. You can sign up here to receive it each weekday. Shortly after the 9/11 attacks, with a deep economic downturn looking possible, President George W. Bush asked Americans to do their part to help the airline industry. “Get down to Disney World in Florida,” Bush said. “Take […]

Read More

Trump’s Student Loan Interest Waiver Isn’t What You May Think

At the end of a week full of talk about bailouts and stimulus, President Trump said Friday afternoon that he was waiving interest on all student loans held by federal government agencies. Right away, the most obvious question was this: How much would monthly payments fall for the tens of millions of borrowers? By nightfall, […]

Read More

What if We Just Counted Up All the Votes for President and Saw Who Won?

If you were designing a system to elect the political leader of a major constitutional republic in 2020, how would you do it? The answer is easy, or at least it should be: by a national popular vote — a system in which all votes count the same and the winner is the candidate who […]

Read More

Don’t Let Trump Pay Back Evangelicals Like This

Many Americans know by now that when Christian nationalists talk about “religious freedom” they are really asking for the privilege to impose their religion on other people. What Americans may not yet understand is that they are also demanding money from taxpayers to do so. Long before Donald Trump hitched his political fortunes to the […]

Read More

Texas’s Lone G.O.P. Woman in Congress Faces a Stiff Challenge From the Right

FORT WORTH — On the heated upstairs patio of a downtown bar on a recent Friday night, dozens of Republican voters drank beers, snacked on nachos and cheered and sang along to the chorus of a disparaging ode to a liberal RINO — Republican in name only — from the swamp, who, according to the […]

Read More