(THE ARRIVING NEW STIMULUS BILL!) STIMULUS CHECK UPDATE & BREAKING NEWS 06/28/2022
#stimuluscheckupdate #inflation #recession
With inflation on the rise and the threat of a recession looming, congressional Democrats are scrambling to revive their long-stalled economic spending package, hoping to deliver relief to Americans whose finances have soured during months of political bickering.
When Democrats last tried to advance the party’s $2 trillion initiative in December, hoping to overhaul the nation’s health-care, education, climate and tax laws, the economy seemed to be booming: Stocks traded high, gas prices were low and lawmakers saw an opening to advance the measure then known as the Build Back Better Act.
More than six months later, however, the economy has shifted considerably. Along with Russia’s invasion of Ukraine and another resurgence of the pandemic, the nation faces soaring costs for housing, gasoline, groceries and other goods, all made worse by the specter of another downturn. The economic peril has fueled new urgency on Capitol Hill, where Democrats hope to resolve their differences, re-craft their agenda and deliver before fall on at least some of the promises they made in the last election.
https://www.washingtonpost.com/us-policy/2022/06/27/manchin-schumer-build-back-better/
As updates come out, I will be sure to share.
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