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Economic Assistance

All articles tagged with #economic assistance

international-affairs2 years ago•2 min saved

US Faces Financial Crisis and Urgent Deadline to Aid Ukraine

The Biden administration has warned Congress about the urgent need to approve tens of billions of dollars in military and economic assistance to Ukraine, stating that Kyiv's war effort to defend itself from Russia's invasion may come to a halt without it. The Office of Management and Budget Director, Shalanda Young, emphasized that the US is running out of funding to send weapons and assistance to Ukraine, and if Ukraine's economy collapses, they will not be able to continue fighting. The Biden administration has requested a $106 billion aid package for Ukraine, Israel, and other needs, but it has faced skepticism and demands for U.S.-Mexico border policy changes from Republicans. Congress has already allocated $111 billion to assist Ukraine, but most of it has been depleted. The Biden administration has slowed the pace of some military assistance to Kyiv to stretch supplies until more funding is approved.

via The Associated Press|

#economic-assistance #funding #international-affairs

economy2 years ago•3 min saved

The Impending Impact: Who Will Suffer Most as Pandemic Benefits Fade?

As pandemic-era benefits expire, millions of Americans are facing the end of economic assistance programs they have relied on. This includes the resumption of federal student loan payments for those with some college education, the closure of child care programs supported by federal grants, potential Medicaid disenrollment for one in five enrollees, and the return of work requirements for food stamp eligibility. The expiration of these benefits is expected to have significant impacts on households, including increased debt, loss of child care options, and potential loss of healthcare coverage and food assistance.

via KSL.com|

#child-care-programs #economic-assistance #economy

economy2 years ago•3 min saved

The Impending Impact: Who Will Suffer Most as Pandemic Benefits Fade

As pandemic-era benefits expire, millions of Americans are facing the end of economic assistance they have relied on. Programs such as federal student loan payment pauses, child care grants, and Medicaid coverage are coming to an end, impacting households across the country. The resumption of student loan payments raises concerns as borrowers have taken on additional debt during the pandemic. The expiration of federal grants for child care programs could result in program closures and millions of children losing their spots. Medicaid enrollment is expected to decline as states terminate coverage for ineligible residents. Additionally, the work requirement for food stamps has been reinstated, potentially leaving hundreds of thousands without access to benefits.

via CNN|

#economic-assistance #economy #food-stamps