Bloomberg Markets & Finance via Youtube

Jul.31 — Both Republicans and Democrats have a new stimulus bill, but there is a $2.5 trillion gulf between the two parties on how much they want to set aside on relief. The $2 trillion relief package that Congress passed in March ranks among the most aggressive in history, but this relief didn’t reach everyone. There were significant disparities by income, race and ethnicity in terms of who received the money. Black people were a large proportion of those left behind and it reinforces long-standing economic disparities between largely black and white neighborhoods across the U.S. In this Bloomberg Equality segment, Quicktake’s Jennifer Zabasajja discusses the stimulus bill and why it didn’t reach every American. She speaks on “Bloomberg Daybreak: Europe.”

READ ALSO  SE: El-Erian Says Markets Are Obsessed With the Relative Mindset