Many Americans should be getting $1,200 checks in August, Treasury Secretary says
Treasury Secretary Steve Mnuchin says that many Americans will be getting another $1,200 stimulus check in August. But, he says that the GOP is determined to cut down the $600/week in extra federal unemployment benefits that millions have been getting for months.
Treasury Secretary Steve Mnuchin says that many Americans will be getting another $1,200 stimulus check in August. But, he says that the GOP is determined to cut down the $600/week in extra federal unemployment benefits that millions have been getting for months.
White House drops payroll tax cut as GOP unveils virus aid
The White House has dropped a bid to cut Social Security payroll taxes as Republicans unveil a $1 trillion COVID-19 rescue package.
The White House has dropped a bid to cut Social Security payroll taxes as Republicans unveil a $1 trillion COVID-19 rescue package.
Jobless claims rise as cutoff of extra $600 benefit nears
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.
Why are coins hard to find during the pandemic?
The Federal Reserve has seen a significant decline of coins in circulation because people are not spending them as regularly at businesses, many of which are either temporarily closed or not accepting cash.
The Federal Reserve has seen a significant decline of coins in circulation because people are not spending them as regularly at businesses, many of which are either temporarily closed or not accepting cash.
Renting? Federal eviction relief expires July 24 as Congress debates extension — here’s what you need to know
A federal eviction moratorium is set to expire Friday, which puts many Americans at risk of facing eviction or losing their home.
A federal eviction moratorium is set to expire Friday, which puts many Americans at risk of facing eviction or losing their home.
Coronavirus prompts Country Time to offer lemonade stand stimulus checks for kids
The powdered beverage company Country Time is issuing stimulus checks to children who have had to shutter their summertime lemonade stands due to the current coronavirus pandemic.
The powdered beverage company Country Time is issuing stimulus checks to children who have had to shutter their summertime lemonade stands due to the current coronavirus pandemic.
Coin shortage prompts bank to pay you for spare change: ‘It has never happened before’
Do you have a jar of coins in your house? Maybe you have been saving for a special occasion? Well, a local bank says they will pay you for what’s inside that jar — plus interest!
Do you have a jar of coins in your house? Maybe you have been saving for a special occasion? Well, a local bank says they will pay you for what’s inside that jar — plus interest!
Another 1.3 million Americans sought unemployment aid last week
The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, a historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.
The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, a historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.
Minnesota's unemployment rate ticks down to 8.6 percent in June
Minnesota's unemployment rate ticked down to 8.6 percent in June, but is nowhere close to returning to pre-pandemic levels. In May, the jobless rate was 9.9 percent, the highest in the state's recorded history. It was 2.9 percent in March before the crisis started. Minnesota reported adding 82,000 jobs in June. The state lost a total of 258,000 jobs between February and May. Fears of another round of business closures and job losses have started anew as the coronavirus flares in several U.S. states. In Minnesota, the infection rate has ticked upward over the past two weeks. Gov. Tim Walz has said he's considering a statewide mask mandate, but has not moved toward new closures.
Minnesota's unemployment rate ticked down to 8.6 percent in June, but is nowhere close to returning to pre-pandemic levels. In May, the jobless rate was 9.9 percent, the highest in the state's recorded history. It was 2.9 percent in March before the crisis started. Minnesota reported adding 82,000 jobs in June. The state lost a total of 258,000 jobs between February and May. Fears of another round of business closures and job losses have started anew as the coronavirus flares in several U.S. states. In Minnesota, the infection rate has ticked upward over the past two weeks. Gov. Tim Walz has said he's considering a statewide mask mandate, but has not moved toward new closures.
DEED warns Minnesotans on unemployment that $600 federal payment ends in July
The Minnesota Department of Employment and Economic Development alerted Minnesotans receiving unemployment insurance benefits Thursday that the $600 additional federal payment is scheduled to end this month.
The Minnesota Department of Employment and Economic Development alerted Minnesotans receiving unemployment insurance benefits Thursday that the $600 additional federal payment is scheduled to end this month.
Missed the tax deadline? Take these steps now
Here are some steps you can take to keep your penalties to a minimum if you were unable to file by July 15.
Here are some steps you can take to keep your penalties to a minimum if you were unable to file by July 15.
Next coronavirus stimulus package could include $5,000 advance of child tax credit
Families are normally entitled up to $2,000 annually in refundable tax credits per each child.
Families are normally entitled up to $2,000 annually in refundable tax credits per each child.
Most PPP recipients expect to run out of money by August, study finds
A majority of small businesses that tapped the taxpayer-funded Paycheck Protection Program expect to run out of money by the first week of August, according to a Goldman Sachs survey released Tuesday.
A majority of small businesses that tapped the taxpayer-funded Paycheck Protection Program expect to run out of money by the first week of August, according to a Goldman Sachs survey released Tuesday.
After lobbying, Catholic Church won $1.4B in virus aid
The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid.
The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid.
US economy may be stalling out as viral outbreak worsens
Another 1.3 million workers sought unemployment last week, according to the Department of Labor.
Another 1.3 million workers sought unemployment last week, according to the Department of Labor.
What is Patrick Mahomes’ tax bill on his record-breaking contract?
Kansas City Chiefs quarterback Patrick Mahomes signed a massive contract extension this week, which means – even after taxes – he stands to earn a lot of money.
Kansas City Chiefs quarterback Patrick Mahomes signed a massive contract extension this week, which means – even after taxes – he stands to earn a lot of money.
Data: Small business aid went beyond hard-hit companies, benefited wealthy, well-connected companies
The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity owned firms.
The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity owned firms.
What will the next coronavirus relief bill look like? Congress mulls stimulus checks and back-to-work bonus
As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.
As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.
US adds 4.8 million jobs as unemployment falls to 11.1%
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
US consumer confidence rises to 98.1 in June
The confidence index was at a high of 132.6 in February 2020 before falling sharply in March and April.
The confidence index was at a high of 132.6 in February 2020 before falling sharply in March and April.