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You are here: Home / Economy / Millions of Americans Face Financial Cliff

Millions of Americans Face Financial Cliff

August 28, 2021 at 7:48 am EDT By Taegan Goddard Leave a Comment

Washington Post: “The clock is now ticking for millions of Americans who are set to face a series of stinging financial hardships in a matter of days, with the loss of federal protections against eviction and looming cuts to their weekly unemployment checks…”

“The developments portend a potential shock to the economy, and they highlight the difficult political realities even in Democratic-dominated Washington. Biden has only so much power to act on his own to provide pandemic relief, and lawmakers in his party do not always see eye to eye about the need for additional economic stimulus.”

“Caught in the middle are millions of Americans who have relied on these generous but temporary federal programs to pay their bills since the coronavirus first swept the nation in March 2020. With fewer federal protections at their disposal, the financial hardships they face may only intensify, especially as new variants threaten to shutter businesses and schools — and overrun hospitals with patients — in communities already ravaged by the pandemic.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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