The Restaurant Revitalization Fund was part of the American Rescue Plan that passed in March. It provided $26.8 billion to businesses impacted by the Covid-19 pandemic. However, over 362,000 businesses applied for $75 billion in assistance in less than a month. The fund got 3 times as many requests as …
Read More »Unemployment Rates Are The Lowest Since Pandemic Started
The unemployment rate in the United States fell to 5.8% as employers added 559,000 jobs to the economy during the month of May. It’s the lowest jobless rate since March of 2020, when unemployment was 4.4%. “It’s great to see a pickup to job growth, but it would have been …
Read More »Nancy Pelosi Criticizes Kevin McCarthy For Promoting Parts Of American Rescue Plan
House Speaker Nancy Pelosi slammed House Minority Leader Kevin McCarthy for promoting a restaurant aid program that is part of the American Rescue Plan. Republicans opposed the bill before it was signed into law in March. “Minority Leader Kevin McCarthy called the American Rescue Plan ‘socialist,’ claimed it would turn …
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