economic downturn

Black Business Registrations Increase During COVID Pandemic

Andre Perry, a Brookings Institution fellow, told the Times that some of the surge in Black business registrations could be a signal of personal economic trouble. “This is more about survival than it is about wealth creation. There’s lots of people who have lost their jobs and lost their businesses. People are starting to realize that side hustles are businesses,” Perry said.

Senate Passes $1.9 Trillion American Rescue Plan

“Today, the Senate passed the American Rescue Plan bringing us one step closer to delivering much-needed relief,” President Biden said from the White House shortly after the measured passed along party lines. “When I took office, I promised help was on the way. Thanks to Senate Majority Leader Charles Schumer and Senate Democrats, we’ve taken one more giant step forward in delivering on that promise. I hope the American Rescue Plan receives quick passage in the House so it can be sent to my desk to be signed,” the president continued.