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The credit, which was part of the American Rescue Plan Act, not only boosted the amount of money families received but also extended the age of qualifying children to 17.

The expanded child tax credit that families received in 2021 helped reduce child poverty across the country, but particularly in the South where families lack a sufficient safety net, according to a report that comes as some Democrats appear ready to attempt to revive the credit. Read more»

Throughout the pandemic, families have turned to food banks for help. Harvesters, a private food bank, saw the amount of food distributed increase from 54 million pounds in 2019 to 65 million in 2020. In this picture, food is distributed at a drive-in in Kansas City, Kansas.

Forty million people in the U.S. are having difficulty affording household expenses, and a little more than 25 million people say they sometimes or often do not have enough to eat, reflecting Americans continuing struggle, made worse by the disappearance of pandemic relief. Read more»

More state lawmakers are introducing bills to keep their state governments from doing business with financial institutions that take environmental, social or corporate governance into consideration when making investment decisions. Critics say these bills are designed to boost fossil fuel companies and will end up costing taxpayers.

Republican state policymakers’ efforts to boost fossil fuels by prohibiting their governments from doing business with companies that take sustainability into consideration has the potential to cost states millions. Read more»

Medicare recipients who take insulin will be the first to benefit from the drug pricing provisions in the Inflation Reduction Act. Additional drug costs will start to decrease in 2026.

Starting next month, a $35 cap on insulin prices will go into effect for millions of Medicare recipients - one of the first of several policy measures Americans will see in the coming months and years under the Inflation Reduction Act signed into law in August. Read more»

First-time home buyers made up 26% of the market in the year that ended July 22, a drop from 34% during the same period the previous year. 

Housing costs, including rental prices, are on the path to stabilizing but evidence of this won’t show up in inflation measures anytime soon, economists say. Read more»

Debilitating symptoms can include the long-term loss of taste, smell or both, general fatigue, brain fog and a variety of other conditions.

16 million people of working age in the U.S. are suffering with long COVID - with 2 to 4 million people unemployed in June and July - and lack of a social safety net for many together with a labor market beginning to turn in favor of employers could create wider economic problems. Read more»

Republicans in state capitals across the country are targeting an investing concept known as environmental, social and corporate governance criteria they describe as “woke” and “misguided activism,” accusing investment firms of making decisions based on an alleged political agenda. Read more»

The Department of Housing and Urban Development has opened up millions of dollars in funding for groups serving unhoused people in rural areas as the number of people living in cars, parks, and on the street at night has increased across the nation. Read more»