Truthout
Economy
Mnuchin Justifies Slashing $600 Unemployment Boost With Debunked Talking Point
The treasury secretary claimed the $600 weekly boost in unemployment insurance created a disincentive to work.
800,000 Low-Income Households May Have Had Electricity Disconnected Amid COVID
Power shutoff moratoriums in many states are reaching their expiration dates despite the worsening pandemic.
Monumental Contraction of US Economy Wipes Out Five Years of Gains
Failure to address the pandemic head-on may have resulted in larger quarterly economic losses than were necessary.
Senate Departs for 3-Day Weekend as Unemployment Benefits Expire for 30 Million
More than 25,000,000 unemployed Americans are about to lose their extra unemployment benefits.
Memo Warns GOP Unemployment Benefit Formula Would Take Months to Implement
“The damage from a lapse in unemployment benefits will radiate throughout the economy,” tweeted Rep. Don Beyer.
The Eviction Ban Worked, But It’s Almost Over. Some Landlords Are Getting Ready.
As protections fade, some landlords are gearing up to return to court.
How the US Chamber of Commerce Wrecked the Economy and Made the Pandemic Worse
The Chamber of Commerce lobbied against using the Defense Production Act to address COVID supply shortfalls.
USPS Needs Financial Aid to Continue Providing Essential Services
The U.S. Postal Service is facing insolvency due to crisis-related drops in mail revenue and increased costs.
McConnell Laughs When Asked If COVID Relief Bill Will Pass by End of Next Week
Benefits are set to expire next week for around 30 million Americans thrown out of work by the pandemic.
The GOP’s “Southern Strategy” Shows How White Supremacy Fuels Class Exploitation
A deliberately created racial hierarchy makes poor whites align with the superrich against their own interests.