The funding cliff could mean both more close sinners and fewer child care spots. The states have, through the end of September, to pay out this money. But providers think that they're going to get their last one of these checks in January.
Bloomberg Businessweek Editor Joel Weber and Bloomberg News US Economy Reporter Reade Pickert discuss US child-care providers facing a tough choice of either rolling back pay increases for workers or raising prices for families as a crucial source of emergency funding is running out. Bloomberg New Economy Editorial Director Erik Schatzker talks about China's President Xi staying silent as the Covid Zero strategy he championed is crumbling. And we Drive to the Close with Charles Lemonides, Founder and CIO at ValueWorks.
Hosts: Katie Greifeld and Scarlet Fu. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.