By Carmen Reinicke, CNBC Millions of Americans got an early Christmas present this year – on Friday, the U.S. Department of Education extended the coronavirus pandemic-induced pause on student loan payments through January 2021. Accruing interest will also be on hold and the department will not resume collections on defaulted
By Geoff Colvin, Fortune A time bomb is ticking in the Paycheck Protection Program loans that have kept millions of small businesses operating through the pandemic. It’s set to go off early next year unless Congress defuses it soon. More than 500 national, regional, and state trade associations recently signed
By Chris Arnold, NPR With their savings running out, many Americans are being forced to use credit cards to pay for bills they can’t afford — even their rent. Housing experts and economists say this is a blinking-red warning light that without more relief from Congress, the economy is headed for even
By Teadra Pugh, Bloomberg Law It could be easy for some to forget the global nature of the pandemic and economic uncertainty that we are experiencing in the United States. As a result, I am taking a look at a less commonly known type of bankruptcy that could provide a
by Jeff Cox, CNBC The Department of Labor has been both miscounting the number of people receiving unemployment benefits and underpaying those under a special program instituted to address the coronavirus pandemic, according to a government watchdog report Monday. Issues dealing with the surge in those filing claims for the
By Jacob Pramuk,CNBC Congress comes back to Washington this week with two thorny issues to resolve before the end of the year. Lawmakers need to pass a spending bill by Dec. 11 to prevent a government shutdown. Meanwhile, they will have to decide whether to approve another coronavirus relief bill
By Chuck Jones, Forbes December 26 is going to be a very harsh day for millions of Americans. After celebrating Christmas many of them they are going to lose the economic lifeline of Pandemic unemployment assistance, which could lead to millions of them becoming homeless. While the stock markets make
By Paul Davidson, USA Today Stan Novak, of Valencia, California, has been hunkering down this year amid the coronavirus pandemic, spending little beyond the bare essentials. But after a flurry of positive news reports this month about COVID-19 vaccines, Novak ventured out to department stores on a recent weekend and
By Katie Lobosco and Tami Luhby, CNN Washington (CNN) – Some of the last remaining stimulus programs for the unemployed, renters and student loan borrowers are set to expire by the end of December unless Congress or President Donald Trump takes action. While Congress moved swiftly to deliver trillions of dollars in pandemic
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