alisawhite123 Bootsmannmaat
Joined: 15 May 2019 Location: United States
Online Status: Offline Posts: 202
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Posted: 19 November 2020 at 07:05 | IP Logged
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Without state and local aid from
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Store USA new stimulus legislation, many state and
local governments will find themselves swimming in a sea
of red ink.
An analysis from Dan White of Moody’s Analytics
estimated that the labor market will not recover all of
the jobs lost during the recession until 2023.
The diagnosis, specifically for state governments, is
even more chilling with a resurgent pandemic and stimulus
legislation negotiations stalled: “The biggest risk
factors that could cause us to slide into the more severe
scenario from the baseline are a resurgence in COVID-19
infections nationwide, or a failure in Congress to pass
another round of fiscal stimulus. ”After a massive drop
in 2010, states had continued to make
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financial position.
And then the pandemic wreaked major havoc: Moody’s
estimated that U. S. states could see a shortfall of
about $434 billion from 2020 through 2022 without further
stimulus.
“This chart shows that additional stimulus is as urgent
as ever, ” Angela Hanks, deputy executive
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Collaborative, a progressive think tank, told Yahoo
Finance. “We’re still facing a crisis on a number of
fronts. … Ultimately, it’s only the federal government
that’s going to be able to solve them. ”.
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