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Original title: Over 12 million people lose their “Bailout Cliff” relief fund will have a huge impact on the American people
According to statistics from Johns Hopkins University in the United States, at 4:10 p.m. ET on December 26 (5:10 a.m. 27, Beijing time), the cumulative number of confirmed cases of new coronary pneumonia in the United States The United States has reached 18,897,780, with cumulative deaths. The number of cases reached 331,495.
After US President Trump rejected the originally expected “epidemic relief bill”, the US Republican and Democratic parties have yet to negotiate the amount of aid funds.
According to a CNN report on the 26th, if Trump insists on not signing the “Bailout Act,” many of the bailout clauses introduced this spring will expire later this month. At that point, the resulting “bailout bill” will expire. “The Cliff” will have a major impact on the American economy and people’s livelihoods.
More than 12 million Americans lose unemployment benefits
In response to the unemployment problem caused by the new corona pneumonia epidemic, the United States has introduced three unemployment assistance programs, one of which expired in July and the other two: “The Epidemic Unemployment Assistance Program for the Self Employed and contract workers “and” The Emergency Unemployment Benefit Program for Americans who have been out of work for at least six months, “also expired this weekend, and more than 12 million people lost their unemployment benefits.
Millions of American tenants will be evicted from their homes in the New Year
The “Federal Eviction Stay Order” designed to protect tenants from being evicted by landlords will also expire at the end of this month. According to statistics, there are approximately 9.2 million renters in the United States who did not pay their rent due to loss of income during the epidemic. If there is no bailout bill to extend the “suspended eviction order,” millions of Americans will face the fate of being deported from their homes in the New Year.
“Bail out the cliff” will have a huge impact on the American people
In addition, stylish relief clauses for student loan repayments, tax incentives for more than 125,000 businesses without layoffs, and a $ 150 billion aid program for state and local governments will also expire later this month. At that point, the education, employment, housing, and public service capabilities of the American people will be further affected.
(Edited by Yoon Hye Sin)
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