Politics
Bills Introduced, May 11 - 15: To Provide Emergency Assistance to Families Through Home Visiting Programs; Modifying Restaurant Meals Program under SNAP; Emergency Grants to States & Indian Tribes
Bills Introduced: Reimbursements for the child care operational emergency costs of certain institutions during the COVID-19 pandemic; provide states and Indian tribes with flexibility in administering the Temporary Assistance for Needy Families (TANF) program; emergency grants to states and Indian tribes to provide financial support for low-income individuals; bill to increase the age of eligibility for children to receive benefits under the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC)
Weekly Legislative Update
May 11… more »
Federal Reserve Chair Jerome Powell Addresses Current Economic Issues: For Some, a Reversal of Economic Fortune
While the coronavirus economic shock appears to be the largest on record, the fiscal response has also been the fastest and largest response for any postwar downturn ... At the Fed, we will continue to use our tools to their fullest until the crisis has passed and the economic recovery is well under way. Recall that the Fed has lending powers, not spending powers. A loan from a Fed facility can provide a bridge across temporary interruptions to liquidity, and those loans will help many borrowers get through the current crisis. But the recovery may take some time to gather momentum, and the passage of time can turn liquidity problems into solvency problems. Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery. This tradeoff is one for our elected representatives, who wield powers of taxation and spending. more »
Legislative Update May 4-8, 2020: Office to Enforce & Protect Against Child Sexual Exploitation; Paid Sick Leave and Required Paid Family and Medical Leave, Eating Disorder Prevention, Indigenous Women
Bills Introduced: A bill to prohibit the expenditure for an abortion of federal funds authorized or appropriated for preventing, preparing for, or responding to the COVID-19 pandemic; A bill to establish the Office to Enforce and Protect Against Child Sexual Exploitation, A bill to provide emergency funding for caseworkers and child protective services; A bill to allow 2020 recovery rebates with respect to qualifying children over the age of 16; A resolution recognizing the heritage, culture, and contributions of American Indian, Alaska Native, and Native Hawaiian women in the United States more »
Will COVID-19 Shape the 2020 Election? UC Berkeley Scholars Conclude That It Will Be An Election Without Precedent
Examining an array of issues, from presidential approval ratings, the Constitution, election law, unemployment rates to the security of digital voting, the scholars concluded it was still too uncertain to draw any sweeping conclusions. Except that November 2020 will be an election without precedent. “The Trump administration has decided to make an enormous policy and political bet, and the bet is that they can re-open the economy, and the economy will come back in time for the election, and that COVID-19 won’t re-erupt in a way that will either stifle those efforts or kill lots of people,” said Henry Brady, dean of the Goldman School of Public Policy. more »