A torrent of federal money kept Maine’s economy afloat during the sharp, pandemic-induced recession this year, but experts warn of economic hardship without further aid that could prompt additional layoffs and business closures, prolonging the economic downturn even if a vaccine is widely available by next summer. Unemployment skyrocketed in the spring as the coronavirus forced businesses across the state to shut their doors.

Sections:  u.s.   
Topics:  Maine   Penobscot County   Bangor   
BING NEWS:
  • Top Education Department official steps down amid crisis over college financial aid
    The top Biden administration official overseeing federal college financial aid will depart his role this summer, the Education Department said Friday, capping off a year of turmoil for students ...
    04/26/2024 - 7:18 am | View Link
  • Sen. Ernst demands federal student aid probe after botched FAFSA overhaul, Biden bailout
    The two Republicans claimed that during government spending negotiations for fiscal year 2023, the GOP offered a 20% increase for the Federal Student Aid program (FSA), provided that money would ...
    04/23/2024 - 4:00 am | View Link
  • Alex Murdaugh will appeal his 40-year federal sentence for financial crimes
    Convicted killer and fraudster Alex Murdaugh will appeal his 40-year sentence for federal financial crimes. His lawyers on Tuesday filed a notice of appeal to the U.S. 4th Circuit Court of Appeals.
    04/17/2024 - 4:12 am | View Link
  • Emergency summit on Baltimore bridge collapse set as tensions rise over federal funding
    "Obviously, the expense of building the bridge is years into the future." But Maryland Democrats told CBS News they'll also seek funding to help provide aid for workers who face hardships because ...
    04/4/2024 - 3:01 pm | View Link
  • States Bristle at Cardona Plea to Push Aid Deadlines
    Brown of NCAN acknowledged that “it’s certainly been a very complicated and difficult year for everyone involved with the FAFSA.” She also acknowledged that not all state financial aid officials can ...
    04/3/2024 - 1:00 pm | View Link
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