President Donald Trump hit House Speaker Nancy Pelosi (D-Calif.), Accusing her of "I just want to save the poorly run democratic cities. "
The president added that she had "little interest in helping Americans".
Large GDP projected. Pelosi only wants to save the poorly run democratic cities. Tap, tap, tap us. She has little interest in helping “people”.
– Donald J. Trump (@realDonaldTrump) October 27, 2020
The president's tweet underscores the bitterness of the partisan difference amid the struggles of Congress to approve another financial aid package to help individuals and businesses affected by the Covid-19 pandemic.
A Columbia University study found eight million more Americans are in poverty after talks about promoting coronavirus collapse. This is a sign that “the COVID-19 crisis caused both the largest decrease and subsequent increase in monthly employment in the US and has highlighted the importance of high frequency family wellbeing data for policy information. "
Congress passed the CARES bill in March, which gave qualified Americans a one-time stimulus check of $ 1,200 and a $ 600 increase in unemployment benefits. Legislation kept many Americans from falling into poverty as the coronavirus pandemic hit the economy. However, things have changed since the benefits of the CARES law expired in late July and no stimulus package has been approved since then.
"Our results show that the monthly poverty rate rose from 15% to 16.7% from February to September 2020, even after taking into account the government's response (most notably the CARES law, which we describe below)," the researchers wrote . “We note that at the height of the crisis (April 2020) the CARES Act successfully mitigated an increase in poverty. However, it has failed to stop a rise in deep poverty, defined as resources less than half the poverty line. "
"We also note that the end of government income support at the end of July 2020 contributed to a rise in poverty rates in August and September," they continue. “CARES stimulus checks and unemployment benefits lifted more than 18 million people out of monthly poverty in April, but that number fell from $ 600 to around 4 million people in August and September after the weekly unemployment benefit expired. The rise in poverty was particularly acute for blacks and Hispanics, and for children. "
The negotiations in Congress have stalled and there is no end in sight. A new stimulus package is unlikely to be approved before November 3rd, the day of the general election. A separate one Study this out The University of Chicago and the University of Notre Dame found that six million Americans have fallen into poverty in the past three months alone.
Alan is a New York based writer, editor, and news junkie.