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Jobless Americans face debt crunch without more federal aid as bills come due

26 days ago   |   By Politico

A new phase of the economic crisis is looming for the winner of Tuesday's presidential election: potentially massive defaults by jobless Americans on consumer loans as the chances for more federal relief this year diminish.
Both President Donald Trump and Democrat Joe Biden have called for robust new rescue packages for an economy still suffering from the pandemic, but Congress's inability to agree on key issues such as the size of unemployment benefits has kept the talks at an impasse for months. Now, millions of Americans are running out of money and will face hard choices between food...
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