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Photo: Probal Rashid/LightRocket via Getty Images

As part of his Day One executive actions, President-elect Biden will ask the Centers for Disease Control and Prevention to "immediately" extend the federal eviction moratorium until the end of March and ask other federal agencies to extend foreclosure moratoriums on federally-backed mortgages.

Why it matters: The coronavirus pandemic has thrown millions of people out of work and resulted in many unable to pay their rent or mortgages. The moratorium was scheduled to expire on Jan. 31. As the deadline approached, the Urban Institute warned of a "looming evictions cliff" as renters reported they would be unable to make payments.

  • By the numbers: Approximately 19% of renters were behind on their rent in December, per government data.

The big picture: Last week, Biden unveiled his $1.9 trillion coronavirus relief plan, adding that the plan would provide $30 billion to renters to cover housing and utility costs.

  • Another $5 billion would go towards people experiencing homelessness.
  • Biden's plan also includes raising federal unemployment insurance to $400 a week and a third round of stimulus checks.

Worth noting: Experts have argued that Biden should take more aggressive measures to protect renters, as "the moratorium lacks enforcement mechanisms," Market Watch writes, and people have continued to be evicted even when they should be protected by the restrictions.

Go deeper

Biden's centrist words, liberal actions

Illustration: Sarah Grillo/Axios

President Biden talks like a soothing centrist. He promises to govern like a soothing centrist. But early moves show that he is keeping his promise to advance a liberal agenda.

Why it matters: Never before has a president done more by executive fiat in such a short period of time than Biden. And those specific actions, coupled with a push for a more progressive slate of regulators and advisers, look more like the Biden of the Democratic primary than the unity-and-restraint Biden of the general election.

Updated 17 mins ago - Economy & Business

Student debt getting in the way of millennial homeownership

Illustration: Aïda Amer/Axios

Millennial homeownership is on the rise — but student loan debt is still keeping millions of members of America's largest generation from owning a home.

Why it matters: Buying a house remains the No. 1 way to build wealth in the U.S.

Most teachers are white. Most students aren't.

Expand chart
Data: U.S. Department of Education, National Center for Education Statistics; Chart: Baidi Wang/Axios

The nation's 6.6 million teacher workforce has grown more racially and ethnically diverse over the past three decades — but not nearly fast enough to keep pace with a student population that's nearing majority-minority in public schools, two new reports show.

Why it matters: The disparities are especially acute between Hispanic students and teachers, and in schools with 90% or higher non-white student populations.