Business & Economy

On The Money: Biden issues targeted eviction moratorium | GOP skepticism looms over bipartisan spending deal

Happy Tuesday and welcome back to On The Money, where for the first time ever we can relate to an Olympic athlete. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.

See something I missed? Let me know at slane@digital-release.thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.

Write us with tips, suggestions and news: slane@digital-release.thehill.com and njagoda@digital-release.thehill.com. Follow us on Twitter: @SylvanLane and @NJagoda.

THE BIG DEAL—Biden administration issues targeted eviction moratorium: The Centers for Disease Control and Prevention (CDC) announced  Tuesday a targeted eviction moratorium after a wide-ranging federal ban expired over the weekend.

The Hill’s Brett Samuels and I have the latest here.

How we got here: 

“Democrats have worked tirelessly for this action, which is based on public health needs,” Speaker Nancy Pelosi (D-Calif.) said in a statement. “This brand new moratorium will provide time for the money allocated by Congress to flow, as it helps stop the spread of the virus which is worsening due to the delta variant and protects families and landlords.  I am especially pleased about what this means to the children who have had uncertainty about their housing, their health and their education.”

Members of “the Squad,” including Reps. Alexandria Ocasio-Cortez (D-N.Y.) and Cori Bush (D-Mo.), who has been demonstrating on the steps of the Capitol for the past five days, also celebrated the major victory for progressives. 

What comes next: Well, probably a lot of lawsuits. The original CDC eviction ban drew several legal challenges, which led to the Supreme Court’s June warning about the likelihood of another extension, and this one is likely to do the same. White House officials said as recently as yesterday that the CDC couldn’t find legal authority for a more tailored ban, and Biden acknowledged today that the new moratorium also faces legal risks.

“Whether that option will pass constitutional measure with this administration, I can’t tell you. I don’t know,” Biden said. “There are a few scholars who say it will, and others who say it’s not likely to. But, at a minimum, by the time it gets litigated it will probably give some additional time while we’re getting that $45 billion out to people who are in fact behind in the rent and don’t have the money.

LEADING THE DAY

GOP skepticism looms over bipartisan spending deal: The bipartisan infrastructure bill unveiled Sunday night is riding a wave of momentum, but its supporters will soon face the tough job of selling it to skeptical Republican senators who are asking how much it will add to the federal deficit.

Seventeen Republican senators voted last week to begin the debate on the legislation — more than enough to push the compromise package across the finish line — but there’s no guarantee they will also vote in favor of the bill for final passage. Whether the legislation passes the Senate rests largely on the internal political dynamics of the Senate GOP conference.

The Hill’s Alexander Bolton explains here.

New York City to require vaccination for indoor activities, restaurants, gyms: New York City will require proof of vaccination for workers and customers who want to participate in indoor activities including dining in restaurants, working out in gyms and attending theater performances, Mayor Bill de Blasio (D) announced Tuesday.

The policy is one of the first of its kind in the United States and comes amid a nationwide spike in COVID-19 infections, driven largely by the spread of the delta variant in people who are unvaccinated.

“It’s time for people to see vaccination as literally necessary for living a good, full and healthy life,” de Blasio said. “If you’re unvaccinated, unfortunately, you will not be able to participate in many things.” The Hill’s Nathaniel Weixel has more on the potential impact here.

GOOD TO KNOW