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The Biden administration, pressured to avoid new spending, may reallocate the money to pandemic health care needs.
The pandemic response program provided billions of dollars that were meant to help get unhoused people into permanent housing.
For one thing, more people are sick. For another, government aid has dried up.
Hotels, restaurants, pubs and clubs suffered in December, normally a strong season, due to the pandemic and may need more help.
With the expiration of federally mandated COVID sick leave and related tax incentives, businesses are on their own.
The personal savings rate dropped in November to its lowest level since December 2017.
What's the link between government funding for aid and new programs and that 6.8% inflation rate?
The Fed's preferred means of measuring inflation jumped 0.6% in October.
"We simply must pay our bills": Janet Yellen on debt, inflation, infrastructure and what the economy needs
The Treasury secretary doesn't see a 1970s-style inflation shock on the horizon. "The Federal Reserve wouldn’t permit that to happen."
Consumers and businesses have used pandemic benefits to pay down loan balances.