Religious leaders in Puerto Rico have welcomed a debt restructuring plan that will reduce the stress on the U.S. territory’s economy and called for more focused efforts to reduce poverty and prioritize economic development.
Economy
Despite Reducing Poverty, Expanded Child Tax Credit’s Future is Uncertain
Before the expansion, 27 million children — including about half of Black and Latino children and half of children living in rural communities — received less than the full credit or no credit because their families’ incomes were too low.
Former Governor Pataki on Cuomo, Religious Freedom, and NY’s Need For a ‘Change in Direction’
George Pataki, former New York governor, made his personal “state-of-the-state” comments in the wake of Andrew Cuomo’s resignation as governor.
Catholic Leaders: Biden Budget Aims to Help Vulnerable But Excludes Unborn
President Joe Biden unveiled his proposed budget of $6 trillion for fiscal year 2022 that would include spending to improve and modernize the nation’s infrastructure, provide free pre-K and community college, and increase domestic programs aimed at boosting public health and helping the poor. His plan does not include the Hyde Amendment.
Low Supply, High Demand: Pandemic Woes Send Food Prices Soaring
Jenny Carbone remembers a year ago when her family grocery bill was just under $200 per online order. Now, that same bill is skyrocketing and has become a growing concern.
Pope Francis Says International Debt Can’t be Paid at ‘Price of Unbearable Sacrifices’
Speaking at a summit in Rome with some of the world’s most powerful financial officials, Pope Francis said the fact that five million children under five will die this year due to extreme poverty is something that should motivate the world to act.