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Small businesses push back on plan to redirect COVID relief funds

Apr 19, 2022
The Biden administration, pressured to avoid new spending, may reallocate the money to pandemic health care needs.
Congress could reroute about $5 billion in COVID relief set aside for small business to pandemic-related health care needs.  
Stefani Reynolds/Getty Images

Most of the nearly 70,000 housing vouchers Congress authorized last year remain unused

Feb 14, 2022
The pandemic response program provided billions of dollars that were meant to help get unhoused people into permanent housing.
Dale Bonanno received an emergency housing voucher as part of a pandemic program designed to move unhoused people into more permanent housing.
Gretchen Ertl

For small businesses, this fourth COVID wave feels different

Jan 24, 2022
For one thing, more people are sick. For another, government aid has dried up.
As omicron forces many workers to stay home, small business owners are grappling with how to stay open without federal aid.
Maja Hitii/Getty Images

UK government aids battered hospitality businesses, but is it enough?

Dec 30, 2021
Hotels, restaurants, pubs and clubs suffered in December, normally a strong season, due to the pandemic and may need more help.
Bars and restaurants in London were fairly quiet during the normally festive end of December, largely because the coronavirus kept people at home.
Chris J. Ratcliffe via Getty Images

Omicron will disrupt staffing in more than just the airline industry

Dec 27, 2021
With the expiration of federally mandated COVID sick leave and related tax incentives, businesses are on their own.
The spread of omicron has brought with it staffing issues in the service industry and health care. Above, a "We're Hiring" sign hangs near the entrance to a CVS store on Nov. 5.
Joe Raedle via Getty Images

We're back to saving less

Dec 23, 2021
The personal savings rate dropped in November to its lowest level since December 2017.
After squirreling away money at the heights of the pandemic, Americans are reverting back to their pre-COVID spending habits.
skynesher via Getty Images

How government spending can affect inflation

Dec 20, 2021
What's the link between government funding for aid and new programs and that 6.8% inflation rate?
Sen. Joe Manchin, a West Virginia Democrat, fears the spending in the Build Back Better bill would be inflationary. But supply chain constraints and labor shortages stir inflation too.
Anna Moneymaker via Getty Images

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Consumer prices are growing faster than they have in 30 years

Nov 24, 2021
The Fed's preferred means of measuring inflation jumped 0.6% in October.
Food prices have jumped 4.8% since last year.
Spencer Platt via Getty Images

"We simply must pay our bills": Janet Yellen on debt, inflation, infrastructure and what the economy needs

Nov 9, 2021
The Treasury secretary doesn't see a 1970s-style inflation shock on the horizon. "The Federal Reserve wouldn’t permit that to happen."
Treasury Secretary Janet Yellen in Glasgow, Scotland, last week for the United Nations Climate Change Conference.
Christopher Furlong/Getty Images

Demand for bank loans isn't strong. Housing loans are the exception.

Oct 15, 2021
Consumers and businesses have used pandemic benefits to pay down loan balances.
While pandemic relief helped individuals and businesses pay the bills, demand for residential loans has remained strong this year.
Joe Raedle via Getty Images

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