By Lorie Konish, CNBC Many Americans are eager to see more money from the federal government in the form of $1,400 stimulus checks. But another part of Democrats’ $1.9 trillion coronavirus relief package, changes to the child tax credit, could actually give qualifying families more money than the direct payments.
By Tami Luhby, CNN (CNN) – An estimated 11.4 million workers will lose their unemployment benefits between mid-March and mid-April unless Congress passes its next coronavirus relief package in coming weeks, a new study has found. Out-of-work Americans will start running out of Pandemic Unemployment Assistance and Pandemic Emergency Unemployment
By Chris Arnold, OPB Homeowners who’ve lost their jobs or income say their lenders are demanding punishing terms if they take part in what’s supposed to be a government effort to help them. To avoid a wave of home loan defaults, Congress and regulators told lenders that they have to let
High school students, union activists & fast food workers marched in Manhattan’s Upper West Side to demand a $15 per hour federal minimum wage. – New York City – April 15, 2015 (Shutterstock) By Jeff Cox, CNBC Raising the federal minimum wage to $15 an hour, as President Joe
By Jessica Dickler, CNBC In times of financial distress, credit cards are one of the easiest ways to access cash. During the coronavirus crisis, more than half, or 51%, of adults with credit card debt — roughly 51 million people — added to their balances, according to a report by
By Diana Olick, CNBC Mortgage rates fell for the first time in nearly a month, and that lit a fire under current borrowers who may have thought they missed the boat on refinancing their loans. Applications to refinance jumped 11% last week from the previous week, according to the Mortgage
By Greg Iacurci, CNBC President Joe Biden and congressional Democrats are hoping to pass $1.9 trillion of additional pandemic relief, including extra jobless benefits. Still, many unemployed workers haven’t yet gotten benefit payments from the last stimulus package, which former President Trump signed more than a month ago. States like
By Adam S. Minsky, Esq., Forbes Democratic Senators unveiled a sweeping bankruptcy bill this week that would dramatically reform the United States bankruptcy system, and make it easier for struggling Americans to discharge student loans and medical debt through bankruptcy. The Medical Bankruptcy Fairness Act of 2021, proposed in response
By Zack Friedman, Forbes The new stimulus package says this about student loans and student loan cancellation. Here’s what you need to know — and what it means for you. Student Loans The new, $1.9 trillion stimulus package that President Joe Biden proposed doesn’t include any student loan cancellation. The stimulus plan
By Liz Capo McCormick, Craig Torres, Mathieu Benhamou, and Demetrios Pogkas, Bloomberg In the battle against Covid-19, governments around the globe are on the cusp of becoming more indebted than at any point in modern history, surpassing even World War II. From Germany to Japan, Canada to China, fiscal authorities
