Tag: CARES Act
For all the suffering the pandemic caused, it also showcased what federal social programs can do to improve disadvantaged people’s lives. The assistance passed by Congress – all of it temporary – fell short of the ambitious New Deal spending of the 1930s but was more generous than the Great Recession bailout, much of whic…
The pause in federal student loan payments during COVID has been a golden opportunity to chop down the debt. In March 2020, Congress stopped charging interest on the loans when it suspended the monthly payments. The moratorium is slated to continue through June. The zero-interest loan means inflation actually eroded the value of the debt,…
