AURN News with Ebony McMorris

Black Leaders To Examine How Reparations Could Close the Wealth Gap

Ebony McMorris
September 30, 2022

Photo of Andrew Jackson on a $20 bill is shown, Jan. 28, 2022, in Cleveland. Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. Home sales are down, and mortgage rates are up. And the economy actually shrank in the first three months of this year. Is the United States at risk of enduring another recession, just two years after emerging from the last one? For now, even the more pessimistic economists don’t foresee any imminent downturn, at least not before next year. (AP Photo/Tony Dejak)

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Black leaders are convening to look at how to close the racial wealth gap. This is part of the Congressional Black Caucus Foundation’s 51st ALC Conference. This forum will discuss the potential impact of HR 40 on Black Americans, and explore how reparations will tangibly address the psychological and mental harms stemming from the enslavement of Africans in the U.S., as well as structural racism, discrimination, and economic disparities experienced by multiple generations of Black Americans.

Hosted by Congresswoman Sheila Jackson Lee, and moderated by Dr. Ron Daniels, who’s the convener of the National African American Reparations Commission, these leaders will provide perspectives towards repairing the racial wealth gap, which according to a 2020 Citigroup study has cost the U.S. economy up to $16 trillion over the past 20 years and deeply impacted Black communities across the United States.

Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.

White House Correspondent Ebony McMorris is a native Washingtonian and University of South Carolina alumna. Her passion is mentoring young adults by teaching community empowerment and media education. She is an NAB member and board member of the Thurgood Marshall Center and was presented the President’s Lifetime Achievement Award for contributing more than 4,000 hours of community service under the Obama Administration.