Tribes plan for COVID relief spending, brace for challenges

Jun 7, 2021
The American Rescue Plan provides $20 billion in aid, but problems with the previous CARES Act rollout have made tribes vigilant.
The American Rescue Plan includes $20 billion for tribal governments. But hitches in the aid provided by the CARES Act in 2020 prevented full and effective use of the funds.
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Here’s who will benefit from the expanded child tax credit

May 18, 2021
Under the American Rescue Plan, eligible families could receive a monthly payment for each child under 18.
The American Rescue Plan provides expanded benefits for families with children under the age of 18.
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Relief payments boosted Americans' bank balances. Here's how.

May 14, 2021
People with the lowest incomes spent theirs on necessities. The better-off spent on home improvements and vacations.
After the most recent round of relief, hunger in America fell.
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The pandemic could mean new housing for those experiencing homelessness

Apr 23, 2021
COVID has resulted in a wave of federal money directed at helping the roughly 580,000 people without stable shelter.
Under the Biden administration’s American Rescue Plan, $10 billion is set to go to local governments this year for emergency housing vouchers and low-income housing.
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HUD announces $5 billion in grants to fight homelessness

Apr 9, 2021
The money can be used for tenant-based rental assistance and property development to create more affordable housing.
Homelessness went up more than 2% between 2019 and 2020, and that was before the pandemic.
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How recipients will spend COVID relief payments depends on their income

Mar 26, 2021
The worst off are likely to use them to fend off economic disaster. The best off may well splurge.
Middle-income households may increase their spending a bit, and pay down debt. But Camilla Yanushevsky at CFRA Research said some of them may hold back, because they’re worried.
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Fed Chair: Rise in inflation not "particularly large" from $1.9 trillion rescue package

Mar 23, 2021
Powell told lawmakers Tuesday that the “effect on inflation will be neither particularly large nor persistent,” from the $1.9 trillion rescue plan.
Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testified before the House Financial Services Committee Tuesday.
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Consumer confidence surges on relief payments

Mar 22, 2021
Morning Consult finds the American Rescue Plan boosted consumer confidence, with low- to middle-income Americans buoyed the most.
Optimism has increased since President Joe Biden signed the American Rescue Plan, which will likely lead to increased spending.
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COVID relief extends Medicaid's pregnancy health insurance benefit to a full year

Mar 19, 2021
In the U.S., Black and Indigenous women are two to three times as likely to die from pregnancy-related causes in the first year as white women.
The American Rescue Plan allows states to extend pregnancy-based Medicaid to a full year of coverage.
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Companies see an opportunity with more relief money headed to consumers

Mar 17, 2021
Deals and other offers are likely to appear online, where people have already been shopping during the pandemic.
Consumers are likely to spend this latest round of relief payments quickly, said Matt Kleinschmit, CEO of the market research consultancy Reach3 Insights.
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