By Nader Salessi. Originally published at ValueWalk.
Another week of COVID-19‘s “new normal” is upon us, and the light at the end of the crisis tunnel does not appear to be getting any brighter. As President Trump and his allies turn their attention to fast-tracking the approval of a new Supreme Court justice, Americans continue to lie in wait for additional unemployment, housing, and small business support — and lawmakers aren’t offering much hope to go on.
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Congress Still Negotiating A New COVID-19 Relief Package
This Friday marks six months since Congress passed the CARES Act — the last significant piece of comprehensive legislation passed to carry the public through a crisis that continues to stretch on. A new piece in Axios today reminds us that the CARES Act was “only designed to last through the summer.” But as Congress remain at a standstill in negotiating a new COVID-19 relief package, here’s where things stand for the nation’s workers and small businesses:
- According to a new poll by the Peter G. Peterson Foundation, “9 in 10 voters say America needs additional coronavirus relief aid” — which we have yet to see.
- A report by Yelp found that 60% of businesses that closed since the onset of the COVID-19 pandemic in the U.S. are being forced to shut their doors for good.
- In nine states, the additional $300 unemployment benefit some workers began to receive after Congress failed to extend the CARES Act’s $600 boost in July has already run out, leaving workers without additional support — even as the crisis continues to wreak havoc on the nation’s economy.
The post Small Businesses Still Struggling with No COVID Relief in Sight appeared first on ValueWalk.
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