Apr 2, 2020

Unemployment sign-ups skyrocket

First-time unemployment claims doubled week-over-week, to 6.6 million. There are 100,00 crew members stuck on ships at sea during this pandemic. Some economists push for longer grace periods on debt repayment.

Segments From this episode

EEC: Econ 101

Stiglitz: How the U.S. economy recovers from COVID-19 hinges on Americans' debt

by David Brancaccio and Daniel Shin

Apr 2, 2020

"For those businesses that are getting so much help from the government, part of that should be used to help the debtors," said Nobel laureate Joseph Stiglitz.

"What we need right now is a stay to make sure that people can pay by postponing it until the economy is running again," economist Joseph Stiglitz says of credit card debt.

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Music from the episode

Where's The Bathroom (feat. Tovah Feldshuh) Crazy Ex-Girlfriend Cast, Tovah Feldshuh

The team

David Brancaccio Host

Victoria Craig Producer, BBC

Stephen Ryan Producer, BBC

Jonathan Frewin Producer, BBC

Daniel Shin Producer

Jay Siebold Engineer

Brian Allison Engineer

Alex Schroeder Digital producer

Meredith Garretson Producer

Rose Conlon Producer

Erika Soderstrom Producer/Director

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