Truthout
Economy
COVID Windfall for Billionaires Could Fully Fund Relief for the Working Class
The wealth of billionaires in the U.S. has soared during a crisis that has taken more than 420,000 lives.
Budget Chair Sanders Wants to Use Reconciliation to “Protect Ordinary People”
During the Trump administration, the GOP used the same procedure to pass major tax cuts for the rich.
Biden Has Extended Eviction Moratorium — Now It’s Time for More
The existing eviction moratorium failed to uniformly keep landlords from pushing low-income families out of their homes.
AOC Calls for Canceling Student Loan Debt as Biden Extends Pause on Payments
Progressives have long argued the president has the legal authority to unilaterally cancel all student loan debt.
As Romney Quibbles on COVID Relief Bill, Progressives Urge Biden to Move Swiftly
Sen. Mitt Romney says Biden's opening offer is “not well-timed.” Progressives say it's time to abandon GOP outreach.
Biden Calls for $15 Federal Minimum Wage With Pandemic Relief Package
Meanwhile, the president-elect’s stimulus check proposal falls short of what progressives demand.
Plunge in Restaurant Jobs Due to COVID Leads to First Job Loss Since April
The pain from the recession is heavily concentrated among the long-term unemployed.
The COVID-19 Pandemic Shows the Dangers of For-Profit Housing
Rents may have decreased for some in major cities, but the massive eviction crisis shows the true nature of the market.
Sanders Says $2,000 Checks Are “First Order of Business” for Biden, New Congress
Sanders warned that failure to quickly deliver material aid could lead to electoral backlash akin to the 2010 midterms.
Wall Street Mega-Landlord Blackstone Plans to Benefit From Another Crisis
Blackstone was a big winner of the last crisis. Now, it hopes to repeat the feat using a somewhat different playbook.