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An early pandemic fear was that people would be unable to pay rent, thus leading to a surge in homelessness. Lawmakers intervened, creating eviction moratoriums — many of which have since expired, including the federal one.

Axios Re:Cap digs into what comes next with Alieza Durana of the Eviction Lab at Princeton University.

Go deeper

CDC to issue order temporarily halting some evictions for public health reasons

Eviction protesters. Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

The Centers for Disease Control and Prevention plans to issue an order temporarily halting residential evictions until Dec. 31 to prevent the spread of the coronavirus, the White House announced on Tuesday.

Why it matters: One estimate last month found that 23 million Americans are at risk of eviction. The CDC's order marks another example of the administration circumventing Congress, where coronavirus stimulus talks have stalled, to deal with the economic impact of the pandemic.

Felix Salmon, author of Capital
Updated 6 mins ago - Economy & Business

How central banks can save the world

Illustration: Aïda Amer/Axios

The trillion-dollar gap between actual GDP and potential GDP is a gap made up of misery, unemployment, and unfulfilled promise. It's also a gap that can be eradicated — if central banks embrace unconventional monetary policy.

  • That's the message from Eric Lonergan and Megan Greene, two economists who reject the idea that central banks have hit a "lower bound" on interest rates. In fact, they reject the idea that "interest rates" are a singular thing at all, and they fullthroatedly reject the idea — most recently put forward by New York Fed president Bill Dudley — that the Fed is "out of firepower."

Why it matters: If Lonergan and Greene are right, then central banks have effectively unlimited ammunition in their fight to increase inflation and employment. They are limited only by political will.

Updated 25 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Top HHS spokesperson pitched coronavirus ad campaign as "helping the president" — Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases — Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  4. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.