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The struggle to reach a deal to revive the paycheck program just weeks before the election is all the more surprising because it’s one of the few issues that has had strong bipartisan support throughout the pandemic. Lawmakers overwhelmingly backed the program, which provided $525 billion to more than 5 million businesses, and employers embraced it because they could convert the loans to grants if they agreed not to fire workers. But PPP has become hostage to bigger fights over the size of the entire rescue package, with Republicans refusing to agree to more than $2 trillion in spending sought by Democrats. “The failure to pass continued relief should be met with far more outrage,” said John Lettieri, co-founder of the Economic Innovation Group think tank, and a former Se...

The state’s Rep. Deb Haaland and Sens. Tom Udall and Martin Heinrich have become increasingly visible in pitching themselves as potential heads of the Interior Department, sources following the jockeying said. Haaland, the vice chairman of the House Natural Resources Committee, didn’t deny her interest in the role as she touted her potential inclusion in a potential candidates’ list as a historic first. “I’m honored that people believe in my leadership in protecting our public lands and combating climate change,” said the first-term House member who previously served as the state’s Democratic Party chair. “It is also meaningful that our country has finally reached the point where having the first Native American Cabinet Secretary is a serious consideration. I am open to t...

Bill Kuchman/POLITICO Illustration President Donald Trump regularly promotes the soaring stock market as a barometer of the economy’s health. But the wealthiest 1 percent of Americans own 50 percent of the value of stocks held by individual households — and investors aren’t sharing the wealth. POLITICO’s Victoria Guida explains how this gap is fueling an increasingly lopsided economic recovery. Subscribe and rate Nerdcast on Apple Podcasts. Advertisement You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.

“A climate czar is under serious discussion, but it has not been formally decided,” said David Goldwyn, a former Obama administration official who has been following the discussions occurring in the Biden team, currently president of energy consulting agency Goldwyn Global Strategies. “The thing that is not under debate is the need to have serious White House staff capacity on climate issues. What is under debate is the most effective way to do that.” A Biden campaign spokesperson did not respond to questions on the possibility of a climate “czar.” President Barack Obama’s administration had put former EPA administrator Carol Browner in a similar role, appointing her director of the White House Office of Energy and Climate Change Policy. Browner left the position after tw...

The comments from the leading Fed officials were the latest evidence of the central bank’s growing attention to persistent inequality in the economy — a gap that appears to be widening during the coronavirus pandemic. Black and Hispanic workers have been hit harder by the economic fallout from the Covid-19 lockdown than white workers. The Fed itself has faced criticism for inadvertently exacerbating inequality because its emergency policies are designed to backstop financial markets and allow companies to borrow money. That has boosted the stock market, most of whose value is owned by the wealthiest Americans, even as some major companies have continued to lay off workers. Just 1.2 percent of the value of stocks is held by Black families and 0.5 percent by Hispanic families, accordin...