More stories

  • in

    Trump’s Attack on Coronavirus Relief Divides G.O.P. and Threatens Recovery

    #masthead-section-label, #masthead-bar-one { display: none }The Coronavirus OutbreakliveLatest UpdatesMaps and CasesThe Stimulus DealThe Latest Vaccine InformationF.A.Q.AdvertisementContinue reading the main storySupported byContinue reading the main storyTrump’s Attack on Coronavirus Relief Divides G.O.P. and Threatens RecoveryFrom the campaign trail in Georgia to Capitol Hill, President Trump’s demand for changes to the $900 billion pandemic relief plan upended political and economic calculations.President Trump posted a video on Tuesday night demanding significant changes to the pandemic relief bill and larger direct stimulus checks to Americans.Credit…Oliver Contreras for The New York TimesLuke Broadwater, Emily Cochrane, Astead W. Herndon and Dec. 23, 2020Updated 9:55 p.m. ETWASHINGTON — President Trump’s denunciation of the $900 billion coronavirus relief deal drove a wedge through the Republican Party on Wednesday, drawing harsh criticism from House Republicans and threatening the delivery of unemployment checks, a reprieve on evictions and direct payments to struggling Americans.His four-minute video on Tuesday night demanding significant changes to the bill and larger direct stimulus checks also complicated his party’s push to hold the Senate with victories in two runoff races in Georgia next month. The Republican candidates he pledged to support went from campaigning on their triumphant votes for the relief bill to facing questions on Mr. Trump’s view that the measure was a “disgrace.”Their Democratic rivals appeared to turn a liability into a political advantage 13 days before the election on Jan. 5, agreeing with the president’s demand for $2,000 direct payment checks and calling for Republicans to accede to his wish. Speaker Nancy Pelosi and top Democrats prepared to move forward on Thursday with new legislation that would provide the $2,000 checks, daring Republicans to break with the president and block passage of the bill in the House.But the effect on struggling Americans was perhaps the most profound: With no deal signed by the president, some unemployment programs are set to run out this week, and several other critical provisions are to end this month. The uncertainty that Mr. Trump injected into the process came at a perilous moment for the economy, as consumer spending and personal incomes resumed their slides.“Does the president realize that unemployment benefits expire the day after Christmas?” an exasperated Senator Mark Warner, Democrat of Virginia and one of the key negotiators of the package, wrote on Twitter.It is not clear whether Mr. Trump, who is furious at congressional Republicans who have acknowledged his defeat, would actually veto the package. But given how late it is in the 116th Congress, even refusing to sign it could ensure that the bill dies with the Congress on Jan. 3 and must be taken up all over again next year.The 5,593-page spending package would not only provide relief but also fund the government through September. With his threat, the president raised the prospects of a government shutdown beyond Monday and also jeopardized a promise of swift relief to millions of struggling Americans and businesses.Mr. Trump on Wednesday also made good on his promise to veto a major defense policy bill, in part because it directed the military to strip the names of Confederate generals from bases. That sets up a showdown for next week; when the House returns on Monday for the override vote, it could also vote on another stopgap spending bill to prevent government funding from lapsing.Before the turmoil, Treasury Secretary Steven Mnuchin had promised that $600 direct payments from the pandemic relief bill could be distributed as early as next week; that is an untenable timeline without Mr. Trump’s signature. The end to two expanded unemployment programs the day after Christmas could push nearly five million people into poverty virtually overnight, according to an estimate from researchers at Columbia University.Some state labor departments — which administer both state and federal unemployment benefits — are already preparing for the end of the programs because of the delay in reaching an agreement, meaning some jobless workers may temporarily lose their benefits all the same because many states will not be able to reverse course in time to avoid a lapse in payments.Frustration with Mr. Trump boiled over on Wednesday during a private conference call of House Republicans who had loyally stood by the president; many of them had joined a baseless lawsuit to try to overturn the results of election. Representative Kevin McCarthy of California, the Republican leader, told members that he had spoken to the president and that he had not yet committed to a veto of the bill.But Mr. McCarthy conceded, “This bill has been tainted,” according to one person on the call.“The bill has been tainted,” Representative Kevin McCarthy of California told House Republicans on a private conference call on Wednesday.Credit…Stefani Reynolds for The New York TimesIn his videotaped statement on Tuesday, Mr. Trump accused lawmakers of putting aid for foreign governments before the needs of the American people.Some lawmakers on the call complained about the pork projects in the spending measure; others chimed in to challenge the characterization of the projects as pork, and one longtime House Republican vented generally about voter perceptions of the package after Mr. Trump’s scathing critique.“I don’t know if we recover from this,” said Representative Virginia Foxx, Republican of North Carolina, according to three officials on the call. “We will have a hell of a time getting this out of people’s head.”The Coronavirus Outbreak More

  • in

    Congress Rushes to Pass Huge Coronavirus Relief Bill

    #masthead-section-label, #masthead-bar-one { display: none }The Coronavirus OutbreakliveLatest UpdatesMaps and CasesThe Stimulus DealThe Latest Vaccine InformationF.A.Q.AdvertisementContinue reading the main storySupported byContinue reading the main storyCongress Rushes to Pass Huge Coronavirus Relief BillThe House approved a $900 billion pandemic aid bill on Monday night, with the Senate poised to follow shortly after. The bill provides a $600 payment for most Americans.Speaker Nancy Pelosi on Monday in the Capitol. After months of gridlock and debate, the House and Senate are expected to approve the spending measure.Credit…Stefani Reynolds for The New York TimesDec. 21, 2020Updated 9:39 p.m. ETWASHINGTON — The House on Monday night approved a $900 billion stimulus package that would send billions of dollars to American households and businesses grappling with the economic and health toll of the pandemic. The Senate was expected to do the same within hours.Treasury Secretary Steven Mnuchin said hundreds of dollars in direct payments could begin reaching individual Americans as early as next week.The long-sought relief package was part of a $2.3 trillion catchall package that included $1.4 trillion to fund the government through the end of the fiscal year on Sept. 30. It included the extension of routine tax provisions, a tax deduction for corporate meals, the establishment of two Smithsonian museums, a ban on surprise medical bills and a restoration of Pell grants for incarcerated students, among hundreds of other measures.Though the $900 billion stimulus package is half the size of the $2.2 trillion stimulus law passed in March that provided the core of its legislative provisions, it remains one of the largest relief packages in modern American history. It will revive a supplemental unemployment benefit for millions of unemployed Americans at $300 a week for 11 weeks and provide for another round of $600 direct payments to adults and children.“I expect we’ll get the money out by the beginning of next week — $2,400 for a family of four — so much needed relief just in time for the holidays,” Mr. Mnuchin said on CNBC. “I think this will take us through the recovery.”President-elect Joseph R. Biden Jr., who received a coronavirus vaccine on Monday with television cameras rolling, has insisted that this bill is only the beginning, and that more relief, especially to state and local governments, will be coming after his inauguration next month.Lawmakers hustled on Monday to pass the bill, nearly 5,600 pages long, less than 24 hours after its completion and before virtually anyone had read it. At one point, aides struggled simply to put the measure online because of a corrupted computer file. The legislative text is likely to be one of the longest ever, and it became available only a few hours before the House approved it. Once the Senate passes the bill, it will go to President Trump for his signature.But with as many as 12 million Americans set to lose access to expanded and extended unemployment benefits days after Christmas, passage was not in doubt. A number of other pandemic relief provisions are set to expire at the end of the year, and lawmakers in both chambers agreed that the approval of the $900 billion relief package was shamefully overdue.Senator Mitch McConnell on Monday at the Russell Senate Office Building on Capitol Hill.Credit…Stefani Reynolds for The New York TimesOver the summer, Speaker Nancy Pelosi of California and Mr. Mnuchin inched toward a relief package of nearly $1.8 trillion. But after a significant infusion of federal relief in April, Senator Mitch McConnell, Republican of Kentucky and the majority leader, and several Senate Republicans initially balked at the prospect of another sweeping spending package. With Republicans reluctant to spend substantial taxpayer funds and mindful of remaining united before the November election, Mr. McConnell refused to indulge anything more than a narrow, $500 billion package.Ms. Pelosi and top Democrats, for their part, refused to entertain the targeted packages Republicans eventually put forward, and pushed to go as big as possible in a divided government. The election hung over all of the talks, with both sides not wanting to deliver the other party a victory that could buoy their chances.And Mr. Trump, fixating first on his campaign, then his effort to reverse the election’s results, did little to corral Congress toward an agreement.In the end, congressional leaders agreed to punt the thorniest policy issues that had long impaired a final agreement — a direct stream of funding for state and local government, a Democratic priority, and a broad liability shield that Mr. McConnell had long fought for.“A few days ago, with a new president-elect of their own party, everything changed,” Mr. McConnell said on Monday. “Democrats suddenly came around to our position that we should find consensus, make law where we agree, and get urgent help out the door.”As the negotiations dragged on, millions of Americans slipped into poverty, thousands of small businesses closed their doors and coronavirus infections and deaths rose to devastating levels across the country.But Ms. Pelosi vowed that with Mr. Biden in office, Congress would revisit the unresolved debates and push for even more relief to support the country’s economic recovery.“It’s a whole different world when you have the presidency because you do have the attention of the public,” Ms. Pelosi said in an interview. “I’m very optimistic about that because the public wants us to work together.”The Coronavirus Outbreak More

  • in

    Coronavirus Stimulus Bolsters Biden, Shows Potential Path for Agenda

    #masthead-section-label, #masthead-bar-one { display: none }The Coronavirus OutbreakliveLatest UpdatesMaps and CasesThe Stimulus DealThe Latest Vaccine InformationF.A.Q.AdvertisementContinue reading the main storySupported byContinue reading the main storyNEWS AnalysisPandemic Aid Bolsters Biden and Shows Potential Path for His Agenda in CongressWorking together with the president-elect, bipartisan groups in the Senate and House helped push feuding leaders to compromise. It could be a template for the future.Rather than face an immediate and dire need to act on a pandemic package, President-elect Joseph R. Biden Jr. and his team can take time to try to fashion a more far-reaching recovery program next month.Credit…Erin Schaff/The New York TimesDec. 21, 2020Updated 7:10 p.m. ETProducing it was a torturous, time-consuming affair that did nothing to improve Congress’s reputation for dysfunction. But the agreement on a new pandemic aid package showed the ascendance of moderates as a new force in a divided Senate and validated President-elect Joseph R. Biden Jr.’s belief that it is still possible to make deals on Capitol Hill.Along with struggling Americans and businesses, the new president was a major beneficiary of the $900 billion pandemic stimulus measure that Congress haltingly but finally produced on Sunday and was on track to approve late Monday, which will give him some breathing room when he enters the White House next month. Rather than face an immediate and dire need to act on an emergency economic aid package, Mr. Biden and his team can instead take a moment to try to fashion a more far-reaching recovery program and begin to tackle other issues.“President-elect Biden is going to have an economy that is healthier,” said Senator Mark Warner, Democrat of Virginia and one of the chief players in a breakaway effort by centrists in the Senate and House that led to the compromise. “This is a significant financial injection into the economy at a time that is critical.”The group of moderates was essential to the outcome, pushing Senate and House leaders of both parties into direct personal negotiations that they had avoided for months, and demonstrating how crucial they are likely to be to Mr. Biden. “I’m glad we forced the issue,” said Senator Susan Collins, the Maine Republican who, along with Senator Joe Manchin III, Democrat of West Virginia, were leaders of a monthslong effort to break the impasse over pandemic aid even as the virus exacted a growing economic and health toll on the country.Given the slender partisan divides that will exist in both the Senate and House next year, the approach could provide a road map for the Biden administration if it hopes to break through congressional paralysis, especially in the Senate, and pass additional legislation. Mr. Biden has said another economic relief plan will be an early priority.“I believe it is going to be the only way we are going to accomplish the president-elect’s agenda in the next two years,” said Representative Josh Gottheimer, Democrat of New Jersey and a leader of the 50-member bipartisan Problem Solvers Caucus that took part in forging the compromise. “In the long run, this is the way to govern.”But the extraordinarily difficult time Congress had in coming to agreement over pandemic legislation again showed the difficulty of the task Mr. Biden faces. Almost every influential member of the House and Senate acknowledged that the relief was sorely needed, but it was impeded in part by last-minute Republican attempts to undercut Mr. Biden’s future authority. Some Republicans are already suggesting that the latest package should tide over the nation for an extended period, with no additional relief necessary for some time.Senators Mark Warner of Virginia, left, Susan Collins of Maine and Joe Manchin III of West Virginia were part of a moderate bipartisan group that helped negotiate the legislation.Credit…Anna Moneymaker for The New York TimesMr. Biden on Sunday applauded the willingness of lawmakers to “reach across the aisle” and called the effort a “model for the challenging work ahead for our nation.” He was also not an idle bystander in the negotiations.With Republican and Democratic leaders in the House and Senate far apart on how much they were willing to accept in new pandemic spending, Mr. Biden on Dec. 2 threw his support behind the $900 billion plan being pushed by the centrist group. The total was less than half of the $2 trillion that Speaker Nancy Pelosi and Senator Chuck Schumer, Democrat of New York, had been insisting on.The Coronavirus Outbreak More

  • in

    A President Who Can’t Put Aside Grudges, Even for Good News

    @media (pointer: coarse) {
    .nytslm_outerContainer {
    overflow-x: scroll;
    -webkit-overflow-scrolling: touch;
    }
    }

    .nytslm_outerContainer {
    display: flex;
    align-items: center;
    /* Fixes IE */
    overflow-x: auto;
    box-shadow: -6px 0 white, 6px 0 white, 1px 3px 6px rgba(0, 0, 0, 0.15);
    padding: 10px 1.25em 10px;
    transition: all 250ms;
    -ms-overflow-style: none;
    /* IE 10+ */
    scrollbar-width: none;
    /* Firefox */
    background: white;
    margin-bottom: 20px;
    z-index: 1000;
    }

    @media (min-width: 1024px) {
    .nytslm_outerContainer {
    margin-bottom: 0px;
    padding: 13px 1.25em 10px;
    }
    }

    .nytslm::-webkit-scrollbar {
    display: none;
    /* Safari and Chrome */
    }

    .nytslm_innerContainer {
    margin: unset;
    display: flex;
    align-items: center;
    }

    @media (min-width: 600px) {
    .nytslm_innerContainer {
    margin: auto;
    min-width: 600px;
    }
    }

    .nytslm_title {
    padding-right: 1em;
    border-right: 1px solid #ccc;
    }

    @media (min-width: 740px) {
    .nytslm_title {
    max-width: none;
    font-size: 1.0625rem;
    line-height: 1.25rem;
    }
    }

    .nytslm_spacer {
    width: 0;
    border-right: 1px solid #E2E2E2;
    height: 45px;
    margin: 0 1.4em;
    }

    .nytslm_list {
    font-family: nyt-franklin, helvetica, arial, sans-serif;
    display: flex;
    width: auto;
    list-style: none;
    padding-left: 1em;
    flex-shrink: 0;
    align-items: baseline;
    justify-content: center;
    }

    .nytslm_li {
    margin-right: 1.4em;
    flex-shrink: 0;
    font-size: 0.8125rem;
    line-height: 0.8125rem;
    font-weight: 600;
    padding: 1em 0;
    }

    #nytslm .nytslm_li a {
    color: #121212;
    text-decoration: none;
    }

    #nytslm .nytsmenu_li_current,
    #nytslm .nytslm_li a:hover,
    #nytslm .nytslm_li a:active,
    #nytslm .nytslm_li a:focus {
    color: #121212;
    border-bottom: 2px solid #121212;
    padding-bottom: 2px;
    }

    .nytslm_li_live_loud:after {
    content: ‘LIVE’
    }

    .nytslm_li_live_loud {
    background-color: #d0021b;
    color: white;
    border-radius: 3px;
    padding: 4px 6px 2px 6px;
    margin-right: 2px;
    display: inline-block;
    letter-spacing: 0.03rem;
    font-weight: 700;
    }

    .nytslm_li_upcoming_loud {
    border: 1px solid #d0021b;
    color: #d0021b;
    border-radius: 3px;
    padding: 4px 6px 2px 6px;
    margin-right: 2px;
    display: inline-block;
    letter-spacing: 0.03rem;
    font-weight: 700;
    }

    .nytslm_li_upcoming_loud:before {
    content: ‘Upcoming’
    }

    .nytslm_li_loud a:hover,
    .nytslm_li_loud a:active,
    .nytslm_li_loud a:focus {
    border-bottom: 2px solid;
    padding-bottom: 2px;
    }

    .nytslm_li_updated {
    color: #777;
    }

    #masthead-bar-one {
    display: none;
    }

    .electionNavbar__logoSvg {
    width: 80px;
    align-self: center;
    display: flex;
    }

    @media(min-width: 600px) {
    .electionNavbar__logoSvg {
    width: 100px;
    }
    }

    .nytslm_notification {
    border-left: 1px solid #ccc;
    font-family: nyt-franklin, helvetica, arial, sans-serif;
    padding-left: 1em;
    }

    .nytslm_notification_label {
    color: #D0021B;
    text-transform: uppercase;
    font-weight: 700;
    font-size: 0.6875rem;
    margin-bottom: 0.2em;
    letter-spacing: 0.02em;
    }

    .nytslm_notification_link {
    font-weight: 600;
    color: #121212;
    display: flex;
    align-items: center;
    }

    .nytslm_notification_headline {
    font-size: 0.875rem;
    line-height: 1.0625rem;
    }

    .nytslm_notification_image_wrapper {
    position: relative;
    max-width: 75px;
    margin-left: 10px;
    flex-shrink: 0;
    }

    .nytslm_notification_image {
    max-width: 100%;
    }

    .nytslm_notification_image_live_bug {
    position: absolute;
    text-transform: uppercase;
    bottom: 7px;
    left: 2px;

    font-size: 0.5rem;
    background-color: #d0021b;
    color: white;
    border-radius: 3px;
    padding: 4px 4px 2px 4px;
    font-weight: 700;
    margin-right: 2px;
    letter-spacing: 0.03rem;
    }

    /* No hover state on in app */
    .Hybrid .nytslm_li a:hover,
    .Hybrid .nytslm_li_loud a:hover {
    border-bottom: none;
    padding-bottom: 0;
    }

    .Hybrid #TOP_BANNER_REGION {
    display: none;
    }

    .nytslm_st0 {
    fill: #f4564a;
    }

    .nytslm_st1 {
    fill: #ffffff;
    }

    .nytslm_st2 {
    fill: #2b8ad8;
    }

    Electoral College Results

    Election Disinformation

    Full Results

    Biden Transition Updates

    “),e+=””+b+””,e+=””,d&&(e+=””,e+=””,e+=”Live”,e+=””),e+=””,e}function getVariant(){var a=window.NYTD&&window.NYTD.Abra&&window.NYTD.Abra.getAbraSync&&window.NYTD.Abra.getAbraSync(“STYLN_elections_notifications”);// Only actually have control situation in prd and stg
    return[“www.nytimes.com”,”www.stg.nytimes.com”].includes(window.location.hostname)||(a=”STYLN_elections_notifications”),a||”0_control”}function reportData(){if(window.dataLayer){var a;try{a=dataLayer.find(function(a){return!!a.user}).user}catch(a){}var b={abtest:{test:”styln-elections-notifications”,variant:getVariant()},module:{name:”styln-elections-notifications”,label:getVariant(),region:”TOP_BANNER”},user:a};window.dataLayer.push(Object.assign({},b,{event:”ab-alloc”})),window.dataLayer.push(Object.assign({},b,{event:”ab-expose”})),window.dataLayer.push(Object.assign({},b,{event:”impression”}))}}function insertNotification(a,b){// Bail here if the user is in control
    if(reportData(),”0_control”!==getVariant()){// Remove menu bar items or previous notification
    var c=document.querySelector(“.nytslm_innerContainer”);if(c&&1 30 * 60 * 1000) return restoreMenuIfNecessary();
    // Do not update DOM if the content won’t change
    if(currentNotificationContents!==a.text&&window.localStorage.getItem(“stylnelecs”)!==a.timestamp)// Do not show if user has interacted with this link
    // if (Cookie.get(‘stylnelecs’) === data.timestamp) return;
    {expireLocalStorage(“stylnelecs”),currentNotificationContents=a.text;// Construct URL for tracking
    var b=a.link.split(“#”),c=b[0]+”?action=click&pgtype=Article&state=default&module=styln-elections-notifications&variant=1_election_notifications&region=TOP_BANNER&context=Menu#”+b[1],d=formatNotification(c,a.text,a.kicker,a.image);insertNotification(d,function(){var b=document.querySelector(“.nytslm_notification_link”);return b?void(b.onclick=function(){window.localStorage.setItem(“stylnelecs”,a.timestamp)}):null})}})}(function(){navigator.userAgent.includes(“nytios”)||navigator.userAgent.includes(“nyt_android”)||window.stylnelecsHasLoaded||(// setInterval(getUpdate, 5000);
    window.stylnelecsHasLoaded=!0)})(),function(){try{if(navigator.userAgent.includes(“nytios”)||navigator.userAgent.includes(“nyt_android”)){var a=document.getElementsByClassName(“nytslm_title”)[0];a.style.pointerEvents=”none”}}catch(a){}}(); More

  • in

    What Is 13-3? Why a Debate Over the Fed Is Holding Up Stimulus Talks

    AdvertisementContinue reading the main storySupported byContinue reading the main storyWhat Is 13-3? Why a Debate Over the Fed Is Holding Up Stimulus TalksThe Fed’s emergency lending authorities are a key part of its job. Republicans want to curb them. Democrats are pushing back.Senate Republicans are trying to make sure that emergency programs backed by the Federal Reserve cannot be restarted after they expire on December 31.Credit…Anna Moneymaker for The New York TimesDec. 18, 2020Updated 7:49 p.m. ETAs markets melted down in March, the Federal Reserve unveiled novel programs meant to keep credit flowing to states, medium-sized businesses and big companies — and Congress handed Treasury Secretary Steven Mnuchin $454 billion to back up the effort.Nine months later, Senate Republicans are trying to make sure that those same programs cannot be restarted after Mr. Mnuchin lets them end on Dec. 31. Beyond preventing their reincarnation under the Biden administration, Republicans are seeking to insert language into a pandemic stimulus package that would limit the Fed’s powers going forward, potentially keeping it from lending to businesses and municipalities in future crises.The last-minute move has drawn Democratic ire, and it has imperiled the fate of relief legislation that economists say is sorely needed as households and businesses stare down a dark pandemic winter. Here is a rundown of how the Fed’s lending powers work and how Republicans are seeking to change them.The Fed can keep credit flowing when conditions are really bad.The Fed’s main and best-known job is setting interest rates to guide the economy. But the central bank was set up in 1913 in large part to stave off bank problems and financial panics — when people become nervous about the future and rush to withdraw their money from bank accounts and sell off stocks, bonds and other investments. Congress dramatically expanded the Fed’s powers to fight panics during the Great Depression, adding Section 13-3 to the Federal Reserve Act.The section allows the Fed to act as a lender of last resort during “unusual and exigent” circumstances — in short, when markets are not working normally because investors are exceptionally worried. The central bank used those powers extensively during the 2008 crisis, including to support politically unpopular bailouts of financial firms. Congress subsequently amended the Fed’s powers so that it would need Treasury’s blessing to roll out new emergency loan programs or to materially change existing ones.The programs provide confidence as much as credit.During the 2008 crisis, the Fed served primarily as a true lender of last resort — it mostly backed up the various financial markets by offering to step in if conditions got really bad. The 2020 emergency loan programs have been way more expansive. Last time, the Fed concentrated on parts of Wall Street most Americans know little about like the commercial paper market and primary dealers. This time, it reintroduced those measures, but it also unveiled new programs that have kept credit available in virtually every part of the economy. It has offered to buy municipal bonds, supported bank lending to small and medium-sized businesses, and bought up corporate debt.The sweeping package was a response to a real problem: Many markets were crashing in March. And the new programs generally worked. While the terms weren’t super generous and relatively few companies and state and local borrowers have taken advantage of these new programs, their existence gave investors confidence that the central bank would prevent a financial collapse.But things started getting messy in mid-November.Most lawmakers agreed that the Fed and Treasury had done a good job reopening credit markets and protecting the economy. But Senator Patrick J. Toomey, a Pennsylvania Republican, started to ask questions this summer about when the programs would end. He said he was worried that the Fed might overstep its boundaries and replace private lenders.After the election, other Republicans joined Mr. Toomey’s push to end the programs. Mr. Mnuchin announced on Nov. 19 that he believed Congress had intended for the five programs backed by the $454 billion Congress authorized to stop lending and buying bonds on Dec. 31. He closed them — while leaving a handful of mostly older programs open — and asked the Fed to return the money he had lent to the central bank.Business & EconomyLatest UpdatesUpdated Dec. 18, 2020, 12:25 p.m. ETLee Raymond, a former Exxon chief, will step down from JPMorgan Chase’s board.U.S. adds chip maker S.M.I.C. and drone maker DJI to its entity list.Volkswagen says semiconductor shortages will cause production delays.The Fed issued a statement saying it was dissatisfied with his choice, but agreed to give the money back.Democrats criticized the move as designed to limit the incoming Biden administration’s options. They began to discuss whether they could reclaim the funds and restart the programs once Mr. Biden took office and his Treasury secretary was confirmed, since Mr. Mnuchin’s decision to close them and claw back the funds rested on dubious legal ground.The new Republican move would cut off that option. Legislative language circulating early Friday suggested that it would prevent “any program or facility that is similar to any program or facility established” using the 2020 appropriation. While that would still allow the Fed to provide liquidity to Wall Street during a crisis, it could seriously limit the central bank’s freedom to lend to businesses, states and localities well into the future.In a statement, Senator Elizabeth Warren, Democrat of Massachusetts, called it an attempt to “to sabotage President Biden and our nation’s economy.”Mr. Toomey has defended his proposal as an effort to protect the Fed from politicization. For example, he said Democrats might try to make the Fed’s programs much more generous to states and local governments.The Treasury secretary would need to have the Fed’s approval to improve the terms to help favored borrowers. But the central bank might not readily agree, as it has generally approached its powers cautiously to avoid attracting political scrutiny and to maintain its status as a nonpartisan institution.Fed officials have avoided weighing in on the congressional showdown underway.“I won’t have anything to say on that beyond what we have already said — that Secretary Mnuchin, as Treasury secretary, would like for the programs to end as of Dec. 31” and that the Fed will give back the money as asked, Richard H. Clarida, the vice chairman of the Fed, said Friday on CNBC.More generally, he added that “we do believe that the 13-3 facilities” have been “very valuable.”Emily Cochrane More

  • in

    Student Loan Cancellation Sets Up Clash Between Biden and the Left

    #masthead-section-label, #masthead-bar-one { display: none }The Presidential TransitionliveLatest UpdatesFormal Transition BeginsBiden’s CabinetDefense SecretaryElection ResultsAdvertisementContinue reading the main storySupported byContinue reading the main storyStudent Loan Cancellation Sets Up Clash Between Biden and the LeftDemocratic leaders are pressing the president-elect to cancel $50,000 in debt per student borrower by fast executive action, but he wants Congress to pass more modest relief.Marquette University in Milwaukee last month. Student debt has tripled since 2006 and eclipsed credit cards and auto loans as the largest source of household debt outside mortgages.Credit…Taylor Glascock for The New York TimesErica L. Green, Luke Broadwater and Dec. 10, 2020Updated 7:09 p.m. ETWASHINGTON — President-elect Joseph R. Biden Jr. is facing pressure from congressional Democrats to cancel student loan debt on a vast scale, quickly and by executive action, a campaign that will be one of the first tests of his relationship with the liberal wing of his party.Mr. Biden has endorsed canceling $10,000 in federal student debt per borrower through legislation, and insisted that chipping away at the $1.7 trillion in loan debt held by more than 43 million borrowers is integral to his economic plan. But Democratic leaders, backed by the party’s left flank, are pressing for up to $50,000 of debt relief per borrower, executed on Day 1 of his presidency.More than 200 organizations — including the American Federation of Teachers, the N.A.A.C.P. and others that were integral to his campaign — have joined the push.The Education Department is effectively the country’s largest consumer bank and the primary lender, since 2010, for higher education. It owns student loans totaling $1.4 trillion, so forgiveness of some of that debt would be a rapid injection of cash into the pockets of many people suffering from the economic effects of the pandemic.“There are a lot of people who came out to vote in this election who frankly did it as their last shot at seeing whether the government can really work for them,” said Representative Pramila Jayapal, Democrat of Washington and the chairwoman of the Congressional Progressive Caucus. “If we don’t deliver quick relief, it’s going to be very difficult to get them back.”Many economists, including liberals, say higher education debt forgiveness is an inefficient way to help struggling Americans who face foreclosure, evictions and hunger. The working poor largely are not college graduates — more than 70 percent of currently unemployed workers do not have a bachelor’s degree, and 43 percent did not attend college at all, according to a report by the Committee for a Responsible Federal Budget.While many Black students would benefit greatly from even modest loan forgiveness, debt relief overall would disproportionately benefit middle- to upper-class college graduates of all colors and ethnicities, especially those who attended elite and expensive institutions, and people with lucrative professional credentials like law and medical degrees.An October analysis by the Brookings Institution found that almost 60 percent of America’s educational debt is owed by households in the nation’s top 40 percent of earners, with an annual income of $74,000 or more.People who go to college “are often from more advantaged backgrounds, and they end up doing very well in the labor market,” said Adam Looney, a former Treasury official who helped write the analysis.Without a parallel effort to curb tuition growth, one-time debt relief could actually lead to more higher-education debt in the future as students take on larger loans, hoping the government would at some point wipe them clean, a “moral hazard” that often accompanies one-time interventions. And it would be expensive: Canceling even $10,000 per person in debt would eliminate more than $400 billion in government assets, although calculating the true cost to the Treasury is tricky because of student loans’ long repayment time and high default rate.Mr. Looney said that canceling $50,000, at a projected cost of $1 trillion, would be “among the largest transfer programs in American history,” on par with decades of targeted spending on programs that exclusively benefit low-income families, such as the $992 billion spent on federal Pell grants since 1972 and the $1.4 trillion spent on welfare since 1975.If debt relief overall would disproportionately flow to better-off Americans, even modest debt forgiveness would help many financially vulnerable people, especially people of color. Student debt load has tripled since 2006 and eclipsed both credit cards and auto loans as the largest source of household debt outside mortgages, and much of it falls on Black graduates, who owe an average of $7,400 more than their white peers at the time they leave school. Black borrowers also default at higher rates.College dropouts, especially those who attended for-profit schools, often end up trapped by debt they cannot afford to repay.“In this moment of national reckoning on racial injustice, the president-elect must cancel all federal student debt on Day 1 of his administration,” Representative Ayanna Pressley, Democrat of Massachusetts, said in a statement. “The president-elect must meet the moment. If he fails to, we will hold him accountable.”An economic working paper published by the Roosevelt Institute casts debt forgiveness explicitly in racial-justice terms. The total percentage of Black households that would benefit would be greater than white households, and the relative gains for those households’ net worth are far larger, the researchers found. The greatest marginal gains come from canceling the smallest debts; wiping out $20,000 would end student debt for half of all households with loans.Senators Chuck Schumer of New York, the Democratic leader, and Elizabeth Warren, Democrat of Massachusetts, said in a joint op-ed last week that $50,000 debt cancellations would give “Black and brown families across the country a far better shot at building financial security” and would be the “single most effective executive action available to provide massive stimulus to our economy.”To truly break the debt cycle, though, forgiveness would need to be paired with policy changes addressing the underlying cause of America’s skyrocketing student debt: affordability, an issue Democrats have tried to address.“The real problem is the cost of higher education,” said Betsy Mayotte, the president and founder of the Institute of Student Loan Advisors. “Unless you’re going to solve the problem, forgiveness is just throwing away money.”Mr. Biden’s campaign platform proposed making public universities tuition-free for families making less than $125,000 a year.“The virus epidemic has accelerated some of the trends that are strangling public higher education,” said Louise Seamster of the University of Iowa and a co-author of the Roosevelt Institute paper. She said a momentous move like debt forgiveness could spur “new ways of thinking.”“A lot of the debate has gotten stale because we’ve been limited in thinking about the fixes,” she said.Senators Elizabeth Warren and Chuck Schumer have pushed for up to $50,000 in debt cancellation.Credit…Anna Moneymaker for The New York TimesBut student debt forgiveness could have serious political implications. In 2009, relief extended by President Barack Obama to homeowners with houses suddenly worth less than their mortgages was the original spark for the Tea Party movement, driven by people who fastidiously paid their home loans and felt left out. The dynamic would almost certainly repeat itself as earlier and later borrowers wondered why they had to pay off their loans.“I don’t believe any president has the authority to give away hundreds of billions of dollars through the stroke of a pen,” said Senator Ted Cruz, Republican of Texas. “And I think doing so is profoundly unfair to the millions of Americans who worked hard to pay down their student debt.”The legal argument for debt cancellation by executive action hinges on a passage in the Higher Education Act of 1965 that gives the education secretary the power to “compromise, waive or release” federal student loan debts. Mr. Schumer and Ms. Warren maintain that Mr. Biden can broadly use that power, and several lawyers have written analyses backing that view.The Presidential TransitionLatest UpdatesUpdated Dec. 10, 2020, 8:48 p.m. ETThe federal investigation into his son is likely to hang over Biden as he takes office.The Trump administration may sharply draw back military support for the C.I.A. in its final weeks.State Department watchdog announces early departure as Pompeo criticizes his office.But former government lawyers have warned that across-the-board forgiveness would face legal challenges from Republicans. And Mr. Biden has never publicly endorsed the idea. Some close to him say he recognizes the risks and consequences of bypassing Congress.There is more consensus that the $10,000 proposal would reach the most vulnerable borrowers, the estimated 15 million who have low debt under $10,000, often because they did not complete their degrees.Some experts argue that Mr. Biden has other, more progressive options for taming student debt, such as improving existing repayment plans that link borrowers’ loan payments to their incomes.The government has struggled to get all borrowers who would benefit from income-linked plans enrolled in them, in part because the loan servicers it hired to work with borrowers and collect their payments have not guided people through the complicated process of getting and staying enrolled.A separate program to forgive the debts of those who work in public-service careers has an even grimmer track record, and a longstanding program to forgive the debts of graduates bilked by their universities — usually for-profit colleges — has been crippled by the Trump administration.The “benefit of outright cancellation is simplicity,” said Eileen Connor, the legal director at the Project on Predatory Student Lending at Harvard Law School, which represents thousands of students defrauded by their colleges and mired in legal fights with the Education Department over loan forgiveness.“We are facing an unprecedented public health and economic crisis, and we need to use every tool readily available to keep families and the economy afloat,” Ms. Connor said.Mr. Biden has continued to push for the passage of legislation that called for some loan forgiveness, named the Heroes Act, that the House passed in the spring.Student debt holders are “having to make choices between paying their student loan and paying the rent, those kinds of decisions,” Mr. Biden said at a news conference last month.Representative James E. Clyburn of South Carolina, the No. 3 Democrat in the House whose endorsement was key to Mr. Biden winning the presidency, said the president-elect should first try legislation. If that fails, Mr. Clyburn argued, Mr. Biden should use an executive order.“I sit here in this Congress because of an executive order, the Emancipation Proclamation. Harry Truman used an executive order to integrate the armed services,” Mr. Clyburn said.“Let them sue,” he added. “They’re not the only ones that can employ lawyers.”Mr. Clyburn, who speaks with Mr. Biden frequently, said in an interview that he did not think that what Mr. Biden proposed during the campaign “goes quite far enough.”Representative James E. Clyburn of South Carolina said President-elect Joseph R. Biden Jr. should use an executive order to provide student debt relief if legislation fails.Credit…Anna Moneymaker for The New York Times“I’ve got people with $130,000 in student debt. What’s $10,000 going to do for that person?” asked Mr. Clyburn, whose legislation to eliminate up to $50,000 would completely cancel student debt for 75 percent of borrowers.Senator John Thune, Republican of South Dakota, said he hoped the two parties could find common ground on the issue. He introduced a bipartisan bill that would allow employers to contribute up to $5,250 tax-free to their employees’ student loans, which was included as a temporary provision in the coronavirus relief law this spring.“There’s no question that student debt is a problem in this country, but simply forgiving student loans is not the answer,” Mr. Thune said.AdvertisementContinue reading the main story More

  • in

    Mnuchin Gambles by Ending Fed Programs, Putting His Legacy on the Line

    @media (pointer: coarse) {
    .nytslm_outerContainer {
    overflow-x: scroll;
    -webkit-overflow-scrolling: touch;
    }
    }

    .nytslm_outerContainer {
    display: flex;
    align-items: center;
    /* Fixes IE */
    overflow-x: auto;
    box-shadow: -6px 0 white, 6px 0 white, 1px 3px 6px rgba(0, 0, 0, 0.15);
    padding: 10px 1.25em 10px;
    transition: all 250ms;
    -ms-overflow-style: none;
    /* IE 10+ */
    scrollbar-width: none;
    /* Firefox */
    background: white;
    margin-bottom: 20px;
    z-index: 1000;
    }

    @media (min-width: 1024px) {
    .nytslm_outerContainer {
    margin-bottom: 0px;
    padding: 13px 1.25em 10px;
    }
    }

    .nytslm::-webkit-scrollbar {
    display: none;
    /* Safari and Chrome */
    }

    .nytslm_innerContainer {
    margin: unset;
    display: flex;
    align-items: center;
    }

    @media (min-width: 600px) {
    .nytslm_innerContainer {
    margin: auto;
    min-width: 600px;
    }
    }

    .nytslm_title {
    padding-right: 1em;
    border-right: 1px solid #ccc;
    }

    @media (min-width: 740px) {
    .nytslm_title {
    max-width: none;
    font-size: 1.0625rem;
    line-height: 1.25rem;
    }
    }

    .nytslm_spacer {
    width: 0;
    border-right: 1px solid #E2E2E2;
    height: 45px;
    margin: 0 1.4em;
    }

    .nytslm_list {
    font-family: nyt-franklin, helvetica, arial, sans-serif;
    display: flex;
    width: auto;
    list-style: none;
    padding-left: 1em;
    flex-shrink: 0;
    align-items: baseline;
    justify-content: center;
    }

    .nytslm_li {
    margin-right: 1.4em;
    flex-shrink: 0;
    font-size: 0.8125rem;
    line-height: 0.8125rem;
    font-weight: 600;
    padding: 1em 0;
    }

    #nytslm .nytslm_li a {
    color: #121212;
    text-decoration: none;
    }

    #nytslm .nytsmenu_li_current,
    #nytslm .nytslm_li a:hover,
    #nytslm .nytslm_li a:active,
    #nytslm .nytslm_li a:focus {
    color: #121212;
    border-bottom: 2px solid #121212;
    padding-bottom: 2px;
    }

    .nytslm_li_live_loud:after {
    content: ‘LIVE’
    }

    .nytslm_li_live_loud {
    background-color: #d0021b;
    color: white;
    border-radius: 3px;
    padding: 4px 6px 2px 6px;
    margin-right: 2px;
    display: inline-block;
    letter-spacing: 0.03rem;
    font-weight: 700;
    }

    .nytslm_li_upcoming_loud {
    border: 1px solid #d0021b;
    color: #d0021b;
    border-radius: 3px;
    padding: 4px 6px 2px 6px;
    margin-right: 2px;
    display: inline-block;
    letter-spacing: 0.03rem;
    font-weight: 700;
    }

    .nytslm_li_upcoming_loud:before {
    content: ‘Upcoming’
    }

    .nytslm_li_loud a:hover,
    .nytslm_li_loud a:active,
    .nytslm_li_loud a:focus {
    border-bottom: 2px solid;
    padding-bottom: 2px;
    }

    .nytslm_li_updated {
    color: #777;
    }

    #masthead-bar-one {
    display: none;
    }

    .electionNavbar__logoSvg {
    width: 80px;
    align-self: center;
    display: flex;
    }

    @media(min-width: 600px) {
    .electionNavbar__logoSvg {
    width: 100px;
    }
    }

    .nytslm_notification {
    border-left: 1px solid #ccc;
    font-family: nyt-franklin, helvetica, arial, sans-serif;
    padding-left: 1em;
    }

    .nytslm_notification_label {
    color: #D0021B;
    text-transform: uppercase;
    font-weight: 700;
    font-size: 0.6875rem;
    margin-bottom: 0.2em;
    letter-spacing: 0.02em;
    }

    .nytslm_notification_link {
    font-weight: 600;
    color: #121212;
    display: flex;
    align-items: center;
    }

    .nytslm_notification_headline {
    font-size: 0.875rem;
    line-height: 1.0625rem;
    }

    .nytslm_notification_image_wrapper {
    position: relative;
    max-width: 75px;
    margin-left: 10px;
    flex-shrink: 0;
    }

    .nytslm_notification_image {
    max-width: 100%;
    }

    .nytslm_notification_image_live_bug {
    position: absolute;
    text-transform: uppercase;
    bottom: 7px;
    left: 2px;

    font-size: 0.5rem;
    background-color: #d0021b;
    color: white;
    border-radius: 3px;
    padding: 4px 4px 2px 4px;
    font-weight: 700;
    margin-right: 2px;
    letter-spacing: 0.03rem;
    }

    /* No hover state on in app */
    .Hybrid .nytslm_li a:hover,
    .Hybrid .nytslm_li_loud a:hover {
    border-bottom: none;
    padding-bottom: 0;
    }

    .Hybrid #TOP_BANNER_REGION {
    display: none;
    }

    .nytslm_st0 {
    fill: #f4564a;
    }

    .nytslm_st1 {
    fill: #ffffff;
    }

    .nytslm_st2 {
    fill: #2b8ad8;
    }

    State Certified Vote Totals

    Election Disinformation

    Full Results

    Biden Transition Updates

    “),e+=””+b+””,e+=””,d&&(e+=””,e+=””,e+=”Live”,e+=””),e+=””,e}function getVariant(){var a=window.NYTD&&window.NYTD.Abra&&window.NYTD.Abra.getAbraSync&&window.NYTD.Abra.getAbraSync(“STYLN_elections_notifications”);// Only actually have control situation in prd and stg
    return[“www.nytimes.com”,”www.stg.nytimes.com”].includes(window.location.hostname)||(a=”STYLN_elections_notifications”),a||”0_control”}function reportData(){if(window.dataLayer){var a;try{a=dataLayer.find(function(a){return!!a.user}).user}catch(a){}var b={abtest:{test:”styln-elections-notifications”,variant:getVariant()},module:{name:”styln-elections-notifications”,label:getVariant(),region:”TOP_BANNER”},user:a};window.dataLayer.push(Object.assign({},b,{event:”ab-alloc”})),window.dataLayer.push(Object.assign({},b,{event:”ab-expose”})),window.dataLayer.push(Object.assign({},b,{event:”impression”}))}}function insertNotification(a,b){// Bail here if the user is in control
    if(reportData(),”0_control”!==getVariant()){// Remove menu bar items or previous notification
    var c=document.querySelector(“.nytslm_innerContainer”);if(c&&1 30 * 60 * 1000) return restoreMenuIfNecessary();
    // Do not update DOM if the content won’t change
    if(currentNotificationContents!==a.text&&window.localStorage.getItem(“stylnelecs”)!==a.timestamp)// Do not show if user has interacted with this link
    // if (Cookie.get(‘stylnelecs’) === data.timestamp) return;
    {expireLocalStorage(“stylnelecs”),currentNotificationContents=a.text;// Construct URL for tracking
    var b=a.link.split(“#”),c=b[0]+”?action=click&pgtype=Article&state=default&module=styln-elections-notifications&variant=1_election_notifications&region=TOP_BANNER&context=Menu#”+b[1],d=formatNotification(c,a.text,a.kicker,a.image);insertNotification(d,function(){var b=document.querySelector(“.nytslm_notification_link”);return b?void(b.onclick=function(){window.localStorage.setItem(“stylnelecs”,a.timestamp)}):null})}})}(function(){navigator.userAgent.includes(“nytios”)||navigator.userAgent.includes(“nyt_android”)||window.stylnelecsHasLoaded||(// setInterval(getUpdate, 5000);
    window.stylnelecsHasLoaded=!0)})(),function(){try{if(navigator.userAgent.includes(“nytios”)||navigator.userAgent.includes(“nyt_android”)){var a=document.getElementsByClassName(“nytslm_title”)[0];a.style.pointerEvents=”none”}}catch(a){}}(); More

  • in

    We’ve Reached ‘Safe Harbor’

    #masthead-section-label, #masthead-bar-one { display: none }Schools During CoronavirusN.Y.C. ReopeningCollege PlansTeacher BurnoutOutdoor SchoolsMusic StudentsAdvertisementContinue reading the main storySupported byContinue reading the main storyOn PoliticsWe’ve Reached ‘Safe Harbor’Dec. 9, 2020, 7:01 a.m. ETThe Supreme Court shoots down a Republican challenge in Pennsylvania as states pass a critical deadline. It’s Wednesday, and this is your politics tip sheet. Sign up here to get On Politics in your inbox every weekday.Where things standWith a flick of the wrist, the Supreme Court cut down a Republican attempt to have President Trump’s loss in Pennsylvania overturned. In a one-sentence order yesterday, with no justices publicly dissenting, the court refused to hear a challenge to the use of mail ballots in Pennsylvania.It was a stark rejection of Trump’s attempts to dispute the election, from a court that includes three justices he appointed and upon which he had pinned his postelection hopes.The country yesterday reached what elections experts refer to as the “safe harbor” deadline, generally accepted to be the date by which all state-level election challenges — such as recounts and audits — must be completed. State courts are likely to throw out any new lawsuit challenging the election after this deadline. Whether he openly admits it or not, Trump’s attempt to overturn the election appears to be nearing its inevitable end.The White House dived back into stimulus negotiations with congressional Democrats yesterday, offering a $916 billion proposal that Steven Mnuchin, the Treasury secretary, shared with Nancy Pelosi, the House speaker, and Mitch McConnell, the Senate majority leader. The deal would include one-time cash payments to Americans and aid to state, local and tribal governments.The proposal also includes a provision granting broad legal immunities to employers that have kept on workers during the pandemic. That’s a key demand of Republicans, but it’s a line that Democratic leaders have said they’re unwilling to cross.McConnell indicated early yesterday that he would drop his demand for the sweeping liability shield if Democrats would give up on seeking billions of dollars in aid for state and local governments. But Democratic leaders quickly dismissed that idea.Now that it’s in a lame-duck session, Congress seems uncommonly busy. The House passed a military spending bill yesterday that includes language removing Confederate names from American military bases, something President Trump has vowed to veto.This sets up the potential for the first veto override of Trump’s presidency. The bill passed the House with a veto-proof bipartisan majority of 335 to 78, and now heads to the Senate, where it is also expected to receive overwhelming support.Congress has successfully passed annual military spending legislation in each of the past 60 years. But the president remains opposed. “I hope House Republicans will vote against the very weak National Defense Authorization Act (NDAA), which I will VETO,” Trump wrote on Twitter.Joe Biden will pick Representative Marcia Fudge, Democrat of Ohio, to serve as secretary of housing and urban development, and he wants to bring Tom Vilsack back to his old job as agriculture secretary, according to people familiar with the presidential transition process.Meanwhile, retired Gen. Lloyd Austin, whom Biden intends to name as defense secretary, is running into bipartisan resistance amid concerns over choosing another former commander to run the Pentagon. The recent trend has bucked the longtime tradition of civilian control over the military.Austin, who would become the country’s first Black defense secretary, would need to receive a waiver from Congress because he retired from the service fewer than seven years ago. Congress granted a waiver to Jim Mattis four years ago to serve as Trump’s first defense secretary.But adding to the concerns over Austin are his ties to Raytheon, a defense contracting company that makes billions of dollars selling weapons and military equipment to the United States and other countries, leading to what critics have called a conflict of interest.Biden formally unveiled the core team of health officials that will guide his response to the pandemic, appearing in Wilmington, Del., to announce an ambitious plan to get “at least 100 million Covid vaccine shots into the arms of the American people” in his first 100 days as president.The pledge represents at least some risk for Biden, as fulfilling it will require no hiccups in manufacturing or distributing the vaccine and a willingness by Americans to be vaccinated.As he spoke, Biden was flanked by members of his team, with some joining via video. They included Dr. Anthony Fauci, who will serve as Biden’s top medical adviser while continuing in his role as the country’s top infectious disease expert, and Dr. Rochelle Walensky, who will become the director of the Centers for Disease Control and Prevention.They both delivered speeches, as did Xavier Becerra, Biden’s nominee for secretary of health and human services, and Dr. Marcella Nunez-Smith of Yale University Medical School, who will head a new “Covid-19 equity task force.” The virus’s effects have been disproportionately concentrated in communities of color, and Nunez-Smith spoke of “centering equity in our response to this pandemic, and not as a secondary concern, not as a box to check, but as a shared value.”Yesterday Britain became the first country to begin administering the Pfizer-BioNTech coronavirus vaccine to civilians, the start of a mass vaccination campaign unlike any in recent memory. (And trust that Britain was very British about it, indeed: The second person to receive the vaccine was none other than William Shakespeare, 81, a Warwickshire man who had been hospitalized for several weeks after suffering a stroke.)The F.D.A. is expected to approve the vaccine this week, and Trump celebrated the milestone at a “vaccine summit” near the White House. He spoke to a packed, mostly masked crowd of industry officials and members of his administration, declaring the vaccine’s development a “monumental national achievement.”Asked why he hadn’t welcomed Biden’s transition team to the summit, Trump repeated his baseless claims that the election had been stolen, and said he still expected to serve another term.Photo of the dayCredit…Doug Mills/The New York TimesAt his “vaccine summit” yesterday, President Trump signed an executive order meant to prioritize the vaccine for Americans over people in other nations.How safe is it to bring students back to schools?A large component of Biden’s message to the country yesterday was his promise to ensure that safely returning children to school would be a “national priority.”Mayors across the country have wrestled with the question of how to reopen schools, and without a clear national framework, the process has been full of switchbacks and frustration — perhaps nowhere more haltingly and publicly than in New York City.Many parents are frustrated with the difficulties of juggling working from home and taking care of their children 24/7, but polls throughout the pandemic have shown that they favor caution over quickly sending students back to school. Teachers’ unions, too, have emphasized the need for low infection rates in order for schools to safely hold classes.Still, as experts have debated the benefits and harms of keeping students in remote learning for months on end, the consensus has shifted. New York’s mayor, Bill de Blasio, elected to bring elementary school and special-needs students back for in-person classes this week..css-1xzcza9{list-style-type:disc;padding-inline-start:1em;}.css-vadvcb{font-family:nyt-franklin,helvetica,arial,sans-serif;font-weight:700;font-size:0.875rem;line-height:1.25rem;color:#333 !important;}.css-rqynmc{font-family:nyt-franklin,helvetica,arial,sans-serif;font-size:0.9375rem;line-height:1.25rem;color:#333;margin-bottom:0.78125rem;}@media (min-width:740px){.css-rqynmc{font-size:1.0625rem;line-height:1.5rem;margin-bottom:0.9375rem;}}.css-rqynmc strong{font-weight:600;}.css-rqynmc em{font-style:italic;}.css-2q573h{margin-bottom:15px;font-family:nyt-franklin,helvetica,arial,sans-serif;font-size:0.875rem;line-height:1.5625rem;color:#333;}.css-1dvfdxo{margin:10px auto 0px;font-family:nyt-franklin,helvetica,arial,sans-serif;font-weight:700;font-size:1.125rem;line-height:1.5625rem;color:#121212;}@media (min-width:740px){.css-1dvfdxo{font-size:1.25rem;line-height:1.875rem;}}.css-121grtr{margin:0 auto 10px;}#masthead-bar-one{display:none;}#masthead-bar-one{display:none;}.css-1k4ccaz{background-color:white;margin:30px 0;padding:0 20px;max-width:510px;}#NYT_BELOW_MAIN_CONTENT_REGION .css-1k4ccaz{padding:0;width:calc(100% – 40px);max-width:600px;margin-right:auto;margin-left:auto;}.css-1k4ccaz strong{font-weight:700;}.css-1k4ccaz em{font-style:italic;}@media (min-width:740px){.css-1k4ccaz{margin:40px auto;}}.css-1k4ccaz:focus{outline:1px solid #e2e2e2;}.css-1k4ccaz a{color:#326891;-webkit-text-decoration:none;text-decoration:none;border-bottom:2px solid #ccd9e3;}.css-1k4ccaz a:visited{color:#333;-webkit-text-decoration:none;text-decoration:none;border-bottom:2px solid #ddd;}.css-1k4ccaz a:hover{border-bottom:none;}.css-1k4ccaz[data-truncated] .css-rdoyk0{-webkit-transform:rotate(0deg);-ms-transform:rotate(0deg);transform:rotate(0deg);}.css-1k4ccaz[data-truncated] .css-eb027h{max-height:300px;overflow:hidden;-webkit-transition:none;transition:none;}.css-1k4ccaz[data-truncated] .css-5gimkt:after{content:’See more’;}.css-1k4ccaz[data-truncated] .css-6mllg9{opacity:1;}.css-1nbniso{border-top:5px solid #121212;border-bottom:2px solid #121212;margin:0 auto;padding:5px 0 0;overflow:hidden;}#NYT_BELOW_MAIN_CONTENT_REGION .css-1nbniso{border-top:2px solid #121212;border-bottom:none;}Schools During Coronavirus ›Back to SchoolUpdated Dec. 8, 2020The latest on how the pandemic is reshaping education.As New York City schools reopen, many families of color are choosing to keep students home. That disparity is raising alarms, given the shortcomings of remote learning.Elementary school students who were learning remotely in the spring fell significantly behind in math and reading, according to a new analysis.Some colleges are planning to bring back more students in the spring, saying they have learned how to manage the pandemic on campus. Not everyone is so confident.It’s not going to be a smooth process. The city’s regulations will cause entire classes, if not schools, to close abruptly in cases of infections, and the mayor has offered no guarantee of when he plans to bring back middle and high school students.But it reflects a growing medical consensus that it is safer for the youngest children to convene amid the pandemic, while there is a higher risk for older grade-school students.Schools reopened successfully in England in the summer without a spike in cases, a study published yesterday found. But England was not already seeing a surge in infections at that time, as the United States is now, and children aren’t the only people exposed when schools reopen. According to the British study, a majority of the school-related infections that were recorded were among staff members.Biden said yesterday that he would put a priority on ensuring that educators had access to the vaccine as part of his push to bring students back in person.On Politics is also available as a newsletter. Sign up here to get it delivered to your inbox.Is there anything you think we’re missing? Anything you want to see more of? We’d love to hear from you. Email us at onpolitics@nytimes.com.AdvertisementContinue reading the main story More