COVID-slammed state and local budgets risk millions more job losses, this week in the war on workers
Congress needs to pass $1 trillion in aid to local and state governments slammed by coronavirus. Why $1 trillion? Because, the Economic Policy Institute explains, “Each dollar in state and local spending cuts triggers a multiplier effect as governments end contracts with local businesses and public-sector employees see income drops and, in turn, pull back on their consumption spending.” Without federal assistance, that is projected to translate to 5.