$2 Trillion March Stimulus Didn’t Reach All Americans

Jul.31 — Both Republicans and Democrats have a new stimulus bill, but there is a $2.5 trillion gulf between the two parties on how much they want to set aside on relief. The $2 trillion relief package that Congress passed in March ranks among the most aggressive in history, but this relief didn’t reach everyone. There were significant disparities by income, race and ethnicity in terms of who received the money. Black people were a large proportion of those left behind and it reinforces long-standing economic disparities between largely black and white neighborhoods across the U.S. In this Bloomberg Equality segment, Quicktake’s Jennifer Zabasajja discusses the stimulus bill and why it didn’t reach every American. She speaks on “Bloomberg Daybreak: Europe.”

In This Story: Democrats

“Democrats” usually refers to the The Democratic Party of the United States – one of the two major political parties in the country, along with its main, historic rival, the Republican Party.

It was founded on 8th January 1828 and has its contemporary headquarters in Washington, D.C., United States. The present leadership is Nancy Pelosi (Party leader) and Jaime Harrison (Party chair).

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In This Story: Republicans

The Republican Party, sometimes also referred to as the GOP (Grand Old Party), is one of the two major contemporary political parties in the United States, along with its main, historic rival, the Democratic Party.

It was founded on 20th March 1854 and has its contemporary headquarters in Washington, D.C., United States. The present leadership is Ronna McDaniel (chairwoman).

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