According to a source familiar, the Centers for Disease Control and Prevention will announce a new federal moratorium on Tuesday.The ban on evictions will target areas with high coronavirus infection rates. Protection will be in effect for 60 days, ending Oct. 3, and could protect around 90% of renters.The original CDC eviction ban was in place since September 2020 and expired on July 31.Learn more about Personal FinanceWhat would it take to make the expansion of the child tax credit permanentWhat does this mean for Social Security benefits?In times of rising inflation, where should you put your emergency savings?More than 11 million Americans are still behind on their rent and the coronavirus epidemic continues to grow. Research shows that evictions can lead to an increase in the number of virus deaths and cases.After the Supreme Court's June ruling that the policy cannot be renewed by legislation, the White House had previously stated it could not extend the ban on evictions.Although it is unclear how the court will react to this new moratorium by the courts, it could allow states and cities to have more time to distribute the $45 Billion in rental assistance that Congress has allocated to them. Only $3 billion had been distributed to households by June's end.
