The end of the stimulus plan could plunge millions of Americans into precariousness
A woman leaves an Illinois employment agency in April 2020 (illustrative image).
AP - Nam Y. Huh
Text by: RFI Follow
3 min
This Saturday at midnight will be the end of the $ 2.3 billion stimulus plan that has supported the US economy since the start of the pandemic in the spring.
This plan expires as Donald Trump refused this week to ratify a new federal aid project of more than 900 billion dollars, a project finally approved by the Democrats and the Republicans after months of blockage.
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It's a sad Christmas for the 12 million unemployed Americans whose economic survival will change if nothing is done before Saturday, December 26 at midnight.
Unemployment benefits that were paid to precarious workers, who usually are not entitled to it, according to the Century Foundation, will disappear.
In addition, the duration of payment
of unemployment benefits
which has been extended for millions of people will also expire, knowing that in the United States it is the States that set their amount and duration, with more or less generosity. .
In total, according to the Century Foundation, 40 million people in the United States, or one in four workers, are at risk of being stranded.
End of the moratorium on rents
With the expiration on Saturday at midnight of this vast emergency plan, it is also the end
of the moratorium on rents.
Millions of people are therefore at risk of being evicted from their homes as of January 1.
It is also the end of the moratorium on loans taken out by students in the United States who go into debt for years to pay for their studies.
Without a new support plan, federal assistance of $ 600 a week for all unemployed people will not see the light of day.
This aid had expired at the end of July and was only renewed in certain states.
In addition to household aid, billions of dollars in loans for SMEs, airlines very affected by the crisis, or funds to facilitate the distribution of
vaccines against Covid-19
will no longer be granted.
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United States
Donald trump
Economy
Coronavirus
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