View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Special Focus
  2. Covid-19
August 4, 2020

How the US government can help families in need at no extra cost

By Paul Dennis

4 August

The next stimulus package in the US is one of the most debated issues as to what should be included and what should be avoided.

Continuation of the $600 weekly payments, reopening of schools, and ensuring adequate child care facilities is important to ensure economic recovery.

However, journalist Pedro da Costa  shared an article on how emergency financial assistance can be released more quickly to the American population if the government changes a simple rule.

The current method of direct payments as part of the stimulus package took nearly three weeks to reach the people and is not helping the families in need.

Further, the overdraft fees and bank interest rates cut into the money provided by the government.

Incorporating changes to the Expedited Funds Availability Act of 1987, which covers how long a bank can hold money will help address this issue.

The changes can help in releasing funds immediately and does not cost anything for the government.

Read more

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The defence industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Army Technology