The Senate’s on Vacation While Americans Starve
It became clear this summer that public health measures across much of the country were relaxed too soon and without proper medical safeguards against the coronavirus. So now, once again, the commerce that Americans rely upon is retrenching. About 80 percent of Americans live in places that are pausing or dialing back reopening.
Yet the Senate left for its August recess without a compromise plan on a coronavirus relief bill for states, cities, the unemployed, businesses and the public health system. If senators still fail to resolve stalled negotiations when they return after Labor Day, millions of needy Americans will suffer — and the overall economy could degrade from its current slow rebound in growth to no growth at all.
Both monetary policy, which is the Federal Reserve’s job, and fiscal policy, the job of the federal government, …continued .
[Source: New York Times]