Tag: Coronavirus Aid
![CARES check](https://crr.bc.edu/wp-content/uploads/2022/05/covid-checks-NEW.png)
In the pandemic’s early days, the unraveling of economic life was breathtaking. Some 3.3 million Americans filed for jobless benefits in the second week of March 2020. A record 6.6 million joined them the following week. By April, government checks were starting to land in workers’ bank accounts, bringing the urgent relief Congress intended. T…
![The Cares Act](https://crr.bc.edu/wp-content/uploads/2021/01/the-cares-act-art-w-source_.jpg)
As the pandemic was sinking into our collective consciousness a year ago, Congress, fearing economic calamity, allowed Americans to temporarily halt their mortgage and student loan payments. By the end of October – seven months after President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act – Americans had postponed some $43 billion…