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Without a stimulus, unemployment could stay high for a decade

The Congressional Budget Office projects that unemployment won’t drop to pre-pandemic levels for a decade. But an additional stimulus could have a major impact on unemployment. Economists say the projections show the need for more relief. Visit Business Insider’s homepage for more stories. The US unemployment rate may not reach […]
Without a stimulus, unemployment could stay high for a decade
News

A government report found that if the US raised the minimum wage to $15 an hour it would eliminate 1.3 million jobs — but also lift 1.3 million Americans out of poverty

Raising the federal minimum wage to $US15 an hour by 2025 would shed 1.3 million jobs from the economy but also reduce the number of Americans living in poverty by the same amount, according to a report the nonpartisan Congressional Budget Office released on Monday. The federal minimum wage was […]
A government report found that if the US raised the minimum wage to $15 an hour it would eliminate 1.3 million jobs — but also lift 1.3 million Americans out of poverty
News

The Republican tax law will likely save the government billions on a crucial child healthcare program — but Congress still can’t make a deal on it

The Congressional Budget Office (CBO) estimates that an extension of the Children’s Health Insurance Program (CHIP) would cost the government $US800 million over 10 years. An earlier projection put the cost at $US8.2 billion, but the Republican tax law signed by President Donald Trump last month changed that. Advocates hope […]
The Republican tax law will likely save the government billions on a crucial child healthcare program  —  but Congress still can’t make a deal on it