Tag Archives: Department of the Treasury

‘Catastrophe’ Feared as 35 Million People Are Set to Lose Jobless Aid in 3 Days

“Millions will suffer as they lose this critical source of income and the loss of spending will suppress job growth.”

By Jake Johnson, staff writer for Common Dreams.  Published 9-3-2021

Members of the Georgia State Defense Force from across the state pack supply boxes at Second Harvest of South Georgia food bank in Valdosta, Ga. Photo: Georgia National Guard/Wikimedia/CC

Millions of jobless workers are set to lose critical unemployment benefits in roughly 72 hours—and neither Congress nor the Biden administration seem prepared to do anything about it.

Despite the ongoing threat posed by the highly transmissible Delta variant, the White House and Democratic lawmakers have provided no indication that they plan to prevent several pandemic-related unemployment programs from expiring on September 6, which—in a cruel irony—happens to be Labor Day. Continue reading

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Biden Admin Urged to ‘Prevent a Historic Wave of Evictions’ by Extending CDC Moratorium, Speeding Up Aid

“Far too many renters are struggling to access emergency rental assistance programs and are at risk of losing their homes when the moratorium expires,” said the president of the National Low Income Housing Coalition.

By Kenny Stancil, staff writer for Common Dreams. Published 6-15-2021

Photo: AFSC

The National Low Income Housing Coalition is calling on the Biden administration to “prevent a historic wave of evictions this summer by extending, strengthening, and enforcing the federal eviction moratorium and by implementing a whole-of-government approach to distribute emergency rental assistance more efficiently and effectively to those most in need.”

The national moratorium on residential evictions for nonpayment of rent—a life-saving measure issued last September by the Centers for Disease Control and Prevention (CDC) to curb the spread of Covid-19—is set to expire on June 30. CDC Director Rochelle Walensky said that discussions are ongoing as to whether the agency will prolong its partial ban on evictions. Continue reading

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100 years after the Tulsa Race Massacre, lessons from my grandfather

Smoke rises from damaged properties after the Tulsa race massacre in Tulsa, Oklahoma in June 1921. Oklahoma Historical Society via Getty Images

Gregory B. Fairchild, University of Virginia

When Viola Fletcher, 107, appeared before Congress in May 2021, she called for the nation to officially acknowledge the Tulsa race riot of 1921.

I know that place and year well. As is the case with Fletcher – who is one of the last living survivors of the massacre, which took place when she was 7 – the terror of the Tulsa race riot is something that has been with me for almost as long as I can remember. My grandfather, Robert Fairchild, told the story nearly a quarter-century ago to several newspapers. Continue reading

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Regavim: The Israeli Faux Environmental Org Converting US Donations into Palestinian Evictions

Funded largely through tax-deductible donations from the United States, Regavim petitions the Israeli government to evict Palestinians under the guise of protecting the environment.

By Jessica Buxbaum  Published 5-5-2021 by MintPress News

Israel police guard a military bulldozer at it destroys a Palestinian home in the South Hebron Hills. Photo: International Solidarity Movement.

In the village of Khan al-Ahmar in the occupied West Bank, dozens of Bedouin families are at risk of losing their homes and becoming refugees again by July. While it is the Israeli government and military that are enacting the demolitions and evacuations, their efforts are largely driven by a pro-settler nonprofit supported by American charities.

While it is masked as an environmental organization, Regavim’s work involves petitioning the Israeli government to demolish structures and pursue evictions for Palestinians and Bedouins under the guise of protecting “Israel’s most precious and scarce resources: land reserves, water, air quality” — though much of the organization’s focus is on occupied Palestinian territory. Regavim’s most recent targets have been the villages of Khan al-Ahmar and Susya, located in Area C of the West Bank, which is under total Israeli military control. Israel rarely approves building permits for the indigenous people in Area C so the majority of Palestinian and Bedouin construction there is deemed illegal. Continue reading

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Trump Holdovers Accused of ‘Sabotaging’ Effort to Get Checks to 30 Million Social Security Recipients

“President Biden can’t stand for this any longer. He must protect Social Security beneficiaries by firing Saul and Black immediately.”

By Jake Johnson, staff writer for Common Dreams. Published 9-25-2021

Graphic: SocialSecurityWorks/Twitter

House Democrats and progressive activists are accusing the leadership of the Social Security Administration—currently headed by Trump holdover Andrew Saul—of slow-walking the Biden administration’s effort to distribute direct coronavirus relief payments to tens of millions of seniors and people with disabilities.

In a letter (pdf) to Saul on Wednesday, Democratic members of the House Ways and Means Committee raised alarm on behalf of “the nearly 30 million Social Security and Supplemental Security Income beneficiaries who are still awaiting their economic impact payments (EIPs)”—checks approved under the recently passed American Rescue Plan. Continue reading

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‘Insane and Pathological’: Head of Iran’s Central Bank Says US Blocking Covid-19 Vaccine Purchases

The Trump administration is allegedly using sanctions to thwart Iran’s efforts to obtain vaccine stock through the WHO’s COVAX program.

By Brett Wilkins, staff writer for Common Dreams. Published 12-7-2020

Coronavirus patients at the Imam Khomeini Hospital in Tehran, Iran in March 2020. Photo: Fars News Agency, CC BY 4.0

The head of Iran’s central bank on Monday accused the U.S. government of actively blocking the country from purchasing stocks of coronavirus vaccine through the World Health Organization’s COVAX program.

Al Jazeera reports Abdolnasser Hemmati said on Instagram that it should be “recorded in historical memory” that crippling U.S.-led sanctions against the Islamic Republic are preventing the country from buying vaccines against the potentially deadly virus through COVAX, the WHO-led global initiative to fast-track development, production, and equitable worldwide distribution of a coronavirus vaccine. Continue reading

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With Rent Freezes About to Expire, Mnuchin Lobbies for More Wall Street Bailouts

As millions of Americans stand on the brink of economic annihilation, the money keeps flowing to Wall Street thanks to carefully contrived mechanisms to maintain a dying financial system afloat.

By Raul Diego  Published 12-4-2020 by MintPress News

Steven Mnuchin. Photo: White House

Many prophetic scenes depicted in a series of Mayan codices written in the early days of the Spanish colony, and translated and compiled in El Libro de los Libros del Chilam Balam, describe a world foreign to its original authors. But, one which was barreling down on them and their civilization even as the Mayan high priests recorded their visions for each stop on their cyclical calendar system.

The metaphors they leaned on to describe these new Western values and systems were accurate, despite having nothing comparable in their own cosmology or parallels in their relationship with the earth. In one of the most striking prophecies, the interpreting shaman warns of the days of “the golden club,” subtly alluding to the new paradigm of wealth and commercial imperatives being imposed on their world. Continue reading

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Exposing Trump’s Payroll Tax Deferral as ‘Wage Theft,’ Treasury Signals Millions of Workers Will Earn Less in 2021 Under Plan

“Like Donald Trump’s other economic executive orders, this will not provide actual relief to workers.”

By Julia Conley, staff writer for Common Dreams. Published 8-29-2020

Photo: skeeze from Pixabay

Days after the payroll processor for the federal government—one of the nation’s largest employers—announced it would implement President Donald Trump’s plan to defer payroll taxes for the rest of 2020, the U.S. Treasury Department indicated that employers will be responsible for paying the deferred taxes next year.

The plan is scheduled to go into effect September 1, and companies that take part will be required to collect the taxes their employees owe from the last four months of this year at the beginning of 2021—after the general election, which Trump hopes to win with claims that he’s strengthened the economy and helped workers. Continue reading

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‘Just Comes Out and Says It’: Trump Declares Postal Service Can’t Handle Mail-In Voting Because He’s Blocking Funding

“This is crazy by any standard. The president of the United States is actively trying to sabotage the election.”

By Jake Johnson, staff writer for Common Dreams. Published 8-13-2020

President Donald Trump answers a reporter’s question during a news conference Wednesday, Aug. 12, 2020. Photo: White House/flickr

President Donald Trump proclaimed Wednesday that the U.S. Postal Service doesn’t have the capacity to handle an unprecedented increase in mail-in ballots because it lacks funds that his administration is blocking, remarks that were immediately viewed as an open admission of election sabotage by a president who has previously called USPS “a joke.”

During his daily Covid-19 briefing Wednesday evening, Trump dismissed Democratic congressional leaders’ demands for $3.5 billion in election assistance for states and $25 billion for USPS as “ridiculous” and vowed to continue blocking the funds. While USPS leadership insists it has “ample capacity” to meet election needs, postal workers have warned that without emergency funding, the agency could struggle to deliver mail-in ballots on time in November. Continue reading

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‘The Public Has a Right to Know’: Fed Refuses to Release Documents on Fossil Fuel Industry’s Covid-19 Bailouts

“As the climate crisis demands an abrupt shift away from fossil fuels, the federal government should not be creating programs to bail out these polluters.”

By Jake Johnson, staff writer for Common Dreams. Published 7-9-2020

“The Federal Reserve was tasked with creating a massive program to protect workers’ livelihoods during an intense economic and public health crisis. We should, at the very least, expect transparency about how the program is structured,” said Food & Water Action attorney Adam Carlesco. (Photo: Tony Webster/Flickr/cc)

The Federal Reserve has missed a deadline to release documents requested by environmental group Food & Water Action in May to reveal the extent to which the central bank has used one of its major Covid-19 lending programs to rescue the faltering oil and gas industry.

“The public has a right to know if the Fed created an oil and gas bailout at the behest of an industry that has wreaked havoc on our air, water, climate, and potentially the global financial system,” Food & Water Action attorney Adam Carlesco said in a statement. “As the climate crisis demands an abrupt shift away from fossil fuels, the federal government should not be creating programs to bail out these polluters.” Continue reading

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