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Skimm This

Against The Clock: What A New Stimulus Package Could Mean For You

Skimm This

theSkimm

News

4.53.6K Ratings

🗓️ 24 July 2020

⏱️ 17 minutes

🧾️ Download transcript

Summary

Congress is back in session. And the major topic up for discussion: another economic stimulus package. Some big deadlines are coming up (think: the $600/week federal unemployment benefit is about to expire). And as new COVID-19 cases continue to spike, states, small businesses, and families are looking for another economic boost. We’ll break down what economists say needs to be included in the next legislation - and why public health and economic health are one in the same right now.  Also: the late congressman and civil rights icon John Lewis fought for voting rights for decades. We’ll explain why lawmakers say passing the Voting Rights Advancement Act could restore protections for millions of voters – and honor Lewis’s legacy.    And finally: we’ll introduce you to the Radical Monarchs - the subject of a new film on PBS. It’s like the Girl Scouts, but with a twist of social justice. Members earn badges for learning about climate change, and allyship, and other issues that impact their communities. We spoke to the group’s co-founders about why having these conversations with young women is crucial.  On this episode, you’ll hear from:  Kathryn Edwards, associate economist at the RAND Corporation Dr. Damon Jones, economist and associate professor at the University of Chicago Anayvette Martinez, co-founder of the Radical Monarchs Marilyn Hollinquest, co-founder of the Radical Monarchs  Let us know what questions you have about what’s going on in the news right now. Email us at audio@theskimm.com or call and leave us a voicemail at: 646-461-6370. You might hear your message on the show.  If you want to add theSkimm to your daily routine, sign up for our free newsletter the Daily Skimm. It has everything you need to know to start your day, right in your inbox.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This week, after a two week recess, members of Congress returned to Washington, D.C.

0:05.7

And in the time that they've been away, a lot happened, especially when it comes to

0:12.1

COVID-19.

0:13.1

Tonight, the World Health Organization for the first time acknowledging it may be possible

0:18.4

that COVID-19 could spread through the air more easily than we knew.

0:23.0

And with infections now spiking in 39 states, hospitals are facing a crisis with ICU beds

0:28.5

along with doctors and nurses now in short supply.

0:31.0

July is worse than April 6 days already this month.

0:34.9

We've broken the record for new cases in a day.

0:39.4

Back in March, the president signed the largest stimulus package ever passed in the U.S.,

0:43.7

a $2 trillion bill to give more Americans more money up front, to give small businesses

0:49.2

loans and to expand COVID-19 testing.

0:53.0

Since then, Congress has passed more legislation to help stimulate the economy.

0:58.0

But as the number of new cases continues to rise, and as Americans express concern about

1:02.9

the economic impact of this pandemic, it's become clear that what was intended as a short-term

1:08.0

fix may need another big boost.

1:11.6

Members of Congress are still debating what that needs to look like, and they're coming

1:15.6

up against some hard deadlines in the next few days.

1:19.2

So we wanted to start off today's show by checking it on the economy, to see how it's

1:23.0

doing, and find out what economists say they're keeping an eye on next.

1:27.6

Stay with us.

1:34.6

Okay, so in the absence of a COVID-19 vaccine, the economy's been having a rough few months.

...

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