All articles tagged with #covid aid
Bankruptcies are on the rise as businesses struggle with the combination of high interest rates and the end of Covid-19 aid. The lack of financial support and the burden of debt have hit businesses hard, leading to an increase in bankruptcies.
President Joe Biden and House Speaker Kevin McCarthy reached a bipartisan agreement on the debt ceiling deal, which includes tightening restrictions for the SNAP food assistance program, clawing back billions of dollars in unspent Covid relief funds, and cutting a portion of the $80 billion in funding for the IRS. The deal also keeps intact the hundreds of billions of clean energy funding in Democrats’ trademark climate law, the Inflation Reduction Act, that Republicans had sought to repeal. The agreement does not include major changes to energy permitting rules or rollbacks of Biden's plan to cancel up to $20,000 of student debt.