Business

Bloomberg

An Ancient Computer Language Is Slowing America’s Giant Stimulus

(Bloomberg) — The Covid-19 pandemic has exposed aging, inflexible computer systems at the heart of the U.S. economy — and a shortage of experts to fix the problem. This is slowing the government’s effort to get billions of dollars in stimulus checks to millions of newly unemployed citizens.The $2.2 trillion CARES Act passed in late March includes a $600 weekly increase in unemployment benefits. That money won’t reach anyone until state agencies update technology systems to reflect the law and handle the flood of new applications.Oklahoma is trying to implement CARES as quickly as it can, but some claims are taking as long as two weeks to process because of a mainframe computer that

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