‘I panic, openly.’ Meet people who are counting on another incentive bill



Bridget Renard has a new habit since losing her old job.

Before the 28-year-old New Orleans resident falls asleep, he checks the news about any incentive deal on Capitol Hill.

And when she wakes up, she checks her Apple AAPL,
+ 1.74%
IPad in the same subject.

She and several others learned this week that President Donald Trump was ending his involvement in negotiations in a second round of excitement. In March, Trump signed the $ 2.2 trillion CARS Act, which authorized direct payments of up to $ 1,200 to Americans and an additional $ 600 in weekly unemployment benefits for those who were laid off.

The president later said on Twitter TWTR,
-0.23%
He will be open to parts of a deal. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi resumed negotiations, and by Thursday the president said “” very helpful. “Later in the day, Pelosi said he had no interest in piece deals, while the Senate Majority Leader Mitch McConnell said the deal was made before election day was “unlikely.” As of Friday, Trump reportedly offered $ 1.8 trillion to the table.

Outside the beltway, conversational turns are leaving Renard, and others like him, winding at an uncertain point.

See it all: With Trump postponing an incentive package, here’s Joe Biden’s coronovirus relief plan preferred

Most stimulus investigations have long been frustrated and supplemental federal benefits expired in July. An additional $ 300 unemployment benefit from the Federal Emergency Management Agency recently expired.

The September unemployment rate was 7.9%. Spring is far from double-digit rates after the initial tremors of the epidemic. But there was the smallest gain in employment in September as the state’s economies began to reopen; 700,000 people left the workforce because jobs are scarce.

When travel and tourism dried up by the end of March, Renard lost his job to oversee the crew that cleaned Airbnb rentals. She used her incentive checks and unemployment benefits to pay her rent and utility bills, while unsuccessfully looking for jobs at gas stations, hospitals, and elsewhere.

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    'It really brings me into depression not knowing my next move.'
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      <span class="inset-author article__inset__pullquote__author">- New Orleans, La.  Resident Bridget Renard</span>
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   "It really brings me into depression not knowing my next move," Renard said. </p> <p>Meanwhile, coronovirus infections continue.  As of Friday, 7.6 million Americans had become ill with the virus and flu season is approaching.</p> <p>With another incentive check or more supplemental unemployment benefits, Renard said she could start looking around for a one-bedroom where she and her 9-year-old son can live.  When Renard could not afford the rent and his landlord gave him notice to evacuate - despite a national eviction stop - Renard and his son moved in with their mother. </p> <p>Without much incentive, Renard said, "I think we'll be stuck in this situation forever."
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    <img srcset="https://ei.marketwatch.com/Multimedia/2020/10/09/Photos/MB/MW-IQ577_christ_20201009182902_MB.jpg?uuid=d54fad9e-0a7e-11eb-8865-9c8e992d421e 140w,&#10;https://ei.marketwatch.com/Multimedia/2020/10/09/Photos/MG/MW-IQ577_christ_20201009182902_MG.jpg?uuid=d54fad9e-0a7e-11eb-8865-9c8e992d421e 540w,&#10;https://ei.marketwatch.com/Multimedia/2020/10/09/Photos/ZQ/MW-IQ577_christ_20201009182902_ZQ.jpg?uuid=d54fad9e-0a7e-11eb-8865-9c8e992d421e 620w,&#10;https://ei.marketwatch.com/Multimedia/2020/10/09/Photos/ZH/MW-IQ577_christ_20201009182902_ZH.jpg?uuid=d54fad9e-0a7e-11eb-8865-9c8e992d421e 860w,&#10;https://ei.marketwatch.com/Multimedia/2020/10/09/Photos/ZG/MW-IQ577_christ_20201009182902_ZG.jpg?uuid=d54fad9e-0a7e-11eb-8865-9c8e992d421e 1260w" sizes="(max-width: 140px) 100px,&#10;(max-width: 540px) 500px,&#10;(max-width: 620px) 580px,&#10;(max-width: 860px) 820px,&#10;1260px" src="https://ei.marketwatch.com/Multimedia/2020/10/09/Photos/ZQ/MW-IQ577_christ_20201009182902_ZQ.jpg?uuid=d54fad9e-0a7e-11eb-8865-9c8e992d421e" data-enlarge="https://ei.marketwatch.com/Multimedia/2020/10/09/Photos/ZG/MW-IQ577_christ_20201009182902_ZG.jpg?uuid=d54fad9e-0a7e-11eb-8865-9c8e992d421e" alt="" title="Christine Gaydos, a 31-year-old new mother and stagehand in In New Castle, Del.,has been out..."/></div>


  <figcaption class="wsj-article-caption article__inset__image__caption" itemprop="caption"><h4 class="wsj-article-caption-content">Christine Gedos, a 31-year-old new mom and living in New Castle, Del., Has been out of work since March and has seen her monthly household income drop from about $ 6,000 to $ 1,420. </h4>
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        Courtesy Christine Gedos
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In New Castle, Del., 31-year-old Christine Gedos, a new mom and Stephand, who has been out of work since March, has seen her monthly household income drop from about $ 6,000 to $ 1,420.

Gedos used her incentive for pregnancy-related hospital bills and household needs. “I have used that money to save us.”

She said that another incentive check for her and her husband would not be money in the big picture.

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    'When you have already thinned yourself enough, it will be enough to make sure we are all right.  We don't need to worry about everything.  '
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      <span class="inset-author article__inset__pullquote__author">- New Castle, Dell resident Christine Gedos</span>
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   Still, "that money would be such a padding."  It would really feel like a safety net.  … When you have already pulled yourself so thin, it will be enough to make sure we are okay.  We don't need to worry about everything.  "</p> <p>Right now, Gedos worries about everything - how much it will cost to buy solid baby food as his baby daughter grows.</p> <p>Without more fiscal assistance from federal lawmakers, Gedos said, "Things have been going very hard for a very long time."  She said that she may have to leave the credit card bill.  "Whatever I can get away with not paying, I'm not going to pay." </p> <p>He said that Gaydos has a career in Philadelphia and heads New York City, the city's art scene.  Broadway curtains will not extend until June 2021 at the earliest.</p> <p>At least at one point, Gedos said he expected an agreement on a second stimulus package.  She was not alone.  Recent stock market peaks and valleys have been based on deal expectations.</p> <p>Still, Gedos said he felt "dumb" for his expectations.  "I feel like a girl who goes back to the man who is a piece of shit to her."</p> <p>When he thinks of MPs, it is sad.  "We should expect more, because we have chosen them for positions of trust and authority." </p><h6>What is the correct way? </h6> <p>Trump said that before he was pulling the plug on stimulus talks, Federal Reserve President Jerome Powell said the nation needed more fiscal support.  "Very little support creates unnecessary hardship for households and businesses," he said. </p> <p><strong>See it all:</strong>Frontline workers in front of epidemic storm for months, now stopping repo man</p> <p>According to a Gallup poll released last month, seventy percent of Americans say the federal government should write another round of direct investigation.  Eighty-two percent of Democrats in the 5,000-person poll said it was right to do so, while 64% of Republicans and 66% of independents agreed. </p> <p>More Czechs are popular with the public, but Adam Mitchell, senior policy analyst at the conservative-leaning Heritage Foundation, does not agree. </p> <p>A detailed, comprehensive-spending stimulus package is not the answer, he said.  Stimulus checks can go to people when needed, but they will also go to people who are employed and in a more comfortable position.  One study suggested that high-income families need to save their economic impact payments.
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    'Our children have to pay for the incentive checks received in the bank account.  … It is a waste of those future resources and it eventually goes away with the help of those who need it.  '
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      <span class="inset-author article__inset__pullquote__author">- Adam Mitchell, Heritage Policy Senior Policy Analyst </span>
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   "Our children have to pay for the incentive checks that I get and put into the bank account," Mitchell said.  "It is a waste of those future resources and it eventually goes away with the help of those who need it." </p> <p>Mitchell agrees to more government assistance for those who are unemployed, people like Renard and Gedos.  "That is the targeted measure that makes sense right now," he said. </p> <p>But others say an estimated 33 million workers are being harmed by the epidemic-induced economic downturn, "it's terrible economics to stop provocative negotiations."  This is according to Heidi Shirholz, senior economist and policy director at the Institute of Liberal Economic Policy. </p> <p>He wrote that "an additional $ 600 in the weekly UI was supporting huge amounts of spending to people who, without it, would have to make huge cuts."  The expenses incurred by the $ 600 were supporting millions of jobs.  Cutting that $ 600 means cutting those jobs.  "</p><h6>'We need that help'</h6> <p>In New Orleans, Renard waits while talks continue in Washington DC</p> <p>"We need that help.  I think we deserve it because we did not put ourselves in this position, ”she said. </p> <p>Gedos said that "financial anxiety" was setting in - and despite the fact that she was able to save a bit in savings during the first round of incentives and get some financial support from her family. </p> <p>"I panic, openly.  I try to keep a positive attitude and I try to remember that it is only temporary and we try to find out.  It's still scary and I'm not the worst either.  There are millions more like me.  It seems that people like us are forgetting about now, ”she said. 


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