Stories tagged: "economy"
If the country defaults on its debt, millions of people would lose their jobs, retirement accounts would be decimated, Social Security payments could be delayed, Medicare and Medicaid benefits could be affected, and military members could see paychecks delayed.
An estimated 519,000 Pennsylvanians could lose access to Medicaid health insurance, nearly half-a-million residents would lose access to food assistance, and Pennsylvania veterans would lose 272,600 doctors visits for issues like mental health and substance disorder treatment.
Many Pennsylvania residents are eligible to enroll in the Affordable Connectivity Program, which helps low-income families access internet services by providing a $30 per month discount on their bill.
Republicans immediately rejected Biden's plan, but have yet to release their own budget. They have made it clear, however, that they want to apply deep spending cuts to everything from health insurance to food assistance benefits.
Biden’s blueprint includes several recently passed laws which are expected to create millions of good-paying jobs in construction, manufacturing, and other sectors.
Governor Josh Shapiro is keeping a promise he made to businesses across the commonwealth by creating a new office to streamline permit processes and expedite reviews and key incentive programs.