GENE SPERLING

Biden administration senior economic adviser Gene Sperling explained the White House's Inflation Reduction Act celebration on Fox News.

A debate is playing out across the country as the Treasury Department begins reallocating some of the $46.5 billion in rental assistance from places slow to spend to others that are running out of funds.

It's been one year since President Biden signed the $1.9-trillion American Rescue Plan, and it's getting mixed reviews.

It's been one year since President Joe Biden signed into law the American Rescue Plan.

A growing number of landlords are taking federal rental assistance to cover months of back rent but still moving to evict tenants.

Administration officials estimate $193 billion would go to 58 million eligible households that file taxes.

The Biden administration is kicking off an outreach campaign to get millions of families to file their taxes so they can receive the second half of payments from the expanded child tax credit.

Joe Biden’s long arc in public life has always had one final ambition: to sit behind the Resolute Desk of the Oval Office.

States and localities in November paid out the largest amount of rental assistance to cash-strapped tenants since a federal program began, the Treasury Department said in a statement Friday, Jan. 7, 2022. (AP Photo/Susan Walsh, File) (Susan Walsh)States and localities in November paid out the largest amount of rental assistance to cash-strapped tenants since a federal program began, the Treasury Department said in a statement Friday. More than 100 grantees, including large programs in states like New York and Texas, have indicated they have gone through almost all their ERA1 money, Treasury said. California will get $62 million, New Jersey $40.8 million, New York $27 million and the District of Columbia $17.8 million. Guinn said it’s “entirely unclear” whether New York will get more federal funds in March.

The Treasury Department says states and localities in November paid out the largest amount of rental assistance to cash-strapped tenants since the program began.

Housing advocates say evictions are increasing around the country, several months after a federal moratorium was allowed to end.

Housing advocates say evictions are increasing around the country, several months after a federal moratorium was allowed to end.

Commerce Secretary Gina Raimondo is announcing 60 finalists for $1 billion in economic development grants tied to the Biden administration’s coronavirus relief package.

The Treasury Department says several states and cities have exhausted their federal rental assistance in a sign that spending on a program aimed at averting evictions has picked up speed.

The Biden administration is taking steps to help distribute several billion dollars in aid for winter heating and utility bills, an unprecedented sum that comes largely from its $1.9 trillion coronavirus relief package. Aid for renters can also cover utility costs, while the money provided to state, local and tribal governments can help families that face high heating bills and are ineligible for other programs. The aid helps to create a cushion that limits the shock of higher energy costs ahead of winter. Republican lawmakers have said the relief package, which became law in March, caused higher levels of inflation, with prices in October 6.2% higher than a year ago. But in this instance, the spending from the aid package is already helping to insulate millions of households from higher utility bills.

The Biden administration is helping to distribute several billion dollars in aid for winter heating and utility bills.

The number of households receiving emergency rental assistance has increased steadily in recent months, with no major increase in people being turned out of their homes despite the expiration of the federal eviction moratorium.

Meanwhile, housing experts are trying to understand why a feared "eviction tsunami" hasn’t materialized since the federal moratorium was eliminated.

President Joe Biden and leading Democratic lawmakers, including Colorado Sen. Michael Bennet and Connecticut Rep. Rosa DeLauro, have been fighting to make permanent a child tax credit that would give families at least $300 a month per child.

Many states and cities across the U.S. are getting off to a slow start in spending money from this year's coronavirus relief package championed by President Joe Biden and Democrats.

President Joe Biden entered the White House promising to stop the twin health and economic crises caused by COVID-19.

States have begun to ramp up the amount of rental assistance reaching tenants but there are still millions of families facing eviction who haven't gotten help.

Only 11% of the tens of billions of dollars in federal rent assistance meant to help tenants around the country avoid eviction has been distributed.

A rare clash between the Biden administration and congressional Democrats may have created a blueprint for pressuring a White House that needs to walk a tightrope to satisfy all members of its party to pass its ambitious agenda.

The Centers for Disease Control and Prevention has issued a new moratorium on evictions that would last until Oct. 3.

After intense pressure from progressives, the administration is expected to announce a more limited eviction moratorium, days after the existing freeze on evictions expired.

Millions of Americans are behind on rent and facing possible eviction after the federal moratorium ended.

Late last week, Biden announced he was allowing the ban to expire, pushing Congress to act, but lawmakers were unable to swiftly rally the votes as even Democrats questioned prolonging the eviction ban for a few more months. The CDC put the eviction ban in place as part of the COVID-19 response when jobs shifted and many workers lost income. The White House noted that state-level efforts to stop evictions would spare a third of the country from evictions over the next month. The CDC indicated in late June that it probably wouldn't extend the eviction ban beyond the end of July. “I don’t buy that the CDC can’t extend the eviction moratorium - something it has already done in the past!

Democratic allies have called on the Biden administration to extend the federal eviction moratorium, but the White House maintains that its hands are tied by a Supreme Court ruling.

The White House defended its decision not to extend the nearly yearlong federal eviction moratorium on Monday, two days after the ban expired July 31.

Citing a Supreme Court decision issued in late June, the White House said it was unable to unilaterally extend the moratorium for evictions.

During the White House press briefing on Monday, American Rescue Plan coordinator Gene Sperling said President Biden is using “whatever federal authority” he has to stop evictions.

A national eviction moratorium is set to expire after President Joe Biden and Congress failed to extend it.

Overall just 36 out of more than 400 states, counties and cities reporting data to the Treasury Department were able to spend half of the money allotted them by the end of June. Another 49 hadn’t spent any funds at all.

Biden administration officials urged states and cities on Wednesday to move quickly to get rental assistance to households that have fallen behind.

More than a dozen Republican state attorneys general are suing the Biden administration over a provision in the American Rescue Plan that prevents states from using relief money for tax cuts.

The Treasury Department is launching its $350 billion program to distribute aid to state and local governments.

A court ruling striking down a national eviction moratorium has placed additional pressure on the federal and state governments to deliver tens of billions of dollars in promised rental aid.

Joe Biden’s presidency is entering a new and more perilous phase.

The Treasury Department is creating a new office to supervise the disbursement of the billions of dollars in relief money passed by Congress to combat the coronavirus-related recession.

Biden is taking the opposite approach of the Clinton administration to help the economy. White House aides are comparing the scope of Biden's policy ambitions to Franklin Delano Roosevelt's after the Great Depression. Biden was probably the best about this.”AdCelinda Lake conducted polling for both the Clinton and Biden campaigns. The Biden administration is now challenging China, which never embraced the values of democracy as trade advocates once believed it would. But he sees the Biden administration as pursuing new policies to help workers.

Vice President Kamala Harris gives her order to Germaine Turnbow, while stopping for lunch at Tacotarian, Monday March 15, 2021, in Las Vegas. President Joe Biden, Vice President Kamala Harris and their spouses are opening an ambitious, cross-country tour to highlight the $1.9 trillion coronavirus relief plan and its benefits. After weeks of swearing in Cabinet members, appearing alongside President Joe Biden and making stops in the Washington area, the vice president was on the road on her first big outing since taking office. As the first woman, Black person and Indian American to be elected vice president, Harris has plenty of eyes on her in her new position. ___Associated Press writer Michelle Price in Las Vegas and Kathleen Ronayne in Sacramento, Calif., contributed to this report.

Salazar, a small business owner for 30 years, told Harris that help from the Small Business Administration has "kept me afloat but more is needed.”In Pennsylvania, meanwhile, Smith Flooring had 23 employees during peak times but currently is employing 12 workers. In Washington, the Senate confirmed Isabel Guzman, Biden’s pick to lead the Small Business Administration on Tuesday. It’s a sharp turn from the start of the Biden administration, when vaccination goals were relatively modest and Americans were warned the country might not return to normal until Christmas. AdThe Biden administration estimates that 400,000 small businesses have closed because of the pandemic and millions more are barely surviving. It recently qualified for a federal Paycheck Protection Program loan during a two-week window in which the Biden administration focused the program exclusively on helping businesses with 20 or fewer employees.

Washington — President Biden has tapped Gene Sperling, a longtime economic adviser under Democratic administrations, to oversee implementation of his $1.9 trillion coronavirus relief plan, the White House announced Monday. The president said Sperling is charged with ensuring the benefits in the package "go out quickly and directly to the American people, where they belong." Sperling will be working remotely until he receives his coronavirus vaccine, press secretary Jen Psaki told reporters during the White House press briefing. "The president felt it was important to have a point-person who could of course pull all of these levers," Psaki said during the White House press briefing. The president is also slated to deliver remarks on implementation of the measure at the White House on Monday afternoon.

Former National Economic Council director Gene Sperling will oversee the implementation of President Joe Biden's $1.9 trillion coronavirus relief plan, the White House announced Monday. Sperling, who led the National Economic Council under Presidents Barack Obama and Bill Clinton, will play a role similar to Biden's when the latter was vice president during the 2009 financial crisis. Biden at the time was in charge of initiating the the Obama Recovery Act. Biden signed the coronavirus relief package on Thursday. As CNBC reported in February, Sperling was being floated to replace Neera Tanden as the administration's nominee to lead the Office of Management and Budget.

Sperling, a veteran of the Clinton and Obama administrations, will lead the oversight for distributing funds from President Joe Biden's $1.9 trillion coronavirus rescue package, a White House official said Monday. (AP Photo/Jacquelyn Martin)Gene Sperling, a veteran of the Clinton and Obama administrations, will lead the oversight for distributing funds from President Joe Biden's $1.9 trillion coronavirus rescue package. Sperling will take a role similar to the one Biden had as vice president in the aftermath of the 2008 financial crisis. He will work with the heads of the White House policy councils and federal agencies to get funds out quickly and optimize their effectiveness, just as Biden did with the Obama administration's stimulus package. AdSperling, 62, has twice served as director of the White House National Economic Council, making him one of the defining economic policymakers of the past several decades.

Neera Tanden, President Joe Biden's nominee for Director of the Office of Management and Budget (OMB), appears beofre a Senate Committee on the Budget hearing on Capitol Hill in Washington, Wednesday, Feb. 10, 2021. (AP Photo/Andrew Harnik, Pool)WASHINGTON – President Joe Biden's pick to head the Office of Management and Budget, Neera Tanden, has withdrawn her nomination after she faced opposition from key Democratic and Republican senators for her controversial tweets. Thirteen of the 23 Cabinet nominees requiring Senate approval have been confirmed, most with strong bipartisan support. But without Manchin’s support, the White House was left scrambling to find a Republican to support her. White House chief of staff Ron Klain initially insisted the administration was “fighting our guts out” for her.

“Yellen is uniquely poised," said Brian Deese, director of Biden’s National Economic Council. "She has as much experience and expertise of addressing the challenges of our time as any living economic policymaker today. AdYellen juggled parenting with her work as a professor at the University of California, Berkeley, in the 1980s, helping to build her son’s pinewood derby car as a colleague fed economic data into a computer. It’s an argument cultivated from years of research that fully blossomed during Yellen’s time as Fed chair. She said Yellen values differences of opinion and diversity because that helps her get a fuller sense of the economy.

Numerous Biden allies, including those in the business community, are lobbying the White House, these people added. Biden's allies are encouraging his advisors to prepare for the possibility that the Senate may not confirm Tanden, according to the people. The White House has continued to stand by Tanden, including at Monday's press briefing. White House press secretary Jen Psaki said at the briefing that the administration has been calling on lawmakers from both sides of the aisle to support Tanden's nomination. Representatives for the White House and the Center for American Progress, the think tank Tanden runs, did not respond to CNBC's requests for comment.

Biden signaled on Friday for the first time that he's willing to move ahead without Republicans. “I support passing COVID relief with support from Republicans if we can get it," he told reporters. "But the COVID relief has to pass. Some Biden allies have expressed frustration that the administration has not more clearly defined what the massive legislation would actually accomplish. He said, “The American Rescue Plan — it’s a plan geared toward the future, bridging the gap between January and September, when people will be able to spend more freely.”

Economist says Biden's COVID-19 relief bill is "right on the mark" President-elect Joe Biden unveiled his "American Rescue" plan to stimulate the U.S. economy, which has been crippled by the COVID-19 pandemic. Gene Sperling, a former director for the National Economic Council, joins CBSN to discuss Mr. Biden's coronavirus relief package.