By Charles Riley, CNN Business London (CNN Business) – President Joe Biden’s $1.9 trillion stimulus package will boost the US economy and drive faster global growth this year, the International Monetary Fund said Tuesday, though it warned that many countries continue to suffer from the pandemic and are at risk
By Lorie Konish, CNBC As vaccines ramp up and the economy reopens, many individuals and families may be eager to see this side effect of the Covid-19 pandemic continue: government stimulus checks. A recent poll from Data for Progress found 65% of Americans are in favor of payments of $2,000
By Greg Iacurci, CNBC The IRS will start issuing tax refunds in May to Americans who filed their returns without claiming a new break on unemployment benefits, the federal agency said Wednesday. The American Rescue Plan waived federal tax on up to $10,200 of unemployment benefits, per person, received in
By Katie Lobosco, CNN Washington (CNN) – The Biden administration has reversed a controversial Trump-era policy that will lead to the cancellation of roughly $1 billion in student debt for borrowers who were defrauded by their colleges. The change will deliver full loan forgiveness to 73,000 people who were deemed
By Anna Bahney, CNN The federal ban on evictions has been extended yet again, bringing relief to tens of millions of renters struggling to catch up. The Centers for Disease Control and Prevention extended its federal moratorium on eviction for non-payment of rent until June 30. It marks the third time
By Olivia Rockeman and Reade Pickert, Bloomberg President Biden’s $1.9 trillion economic stimulus package will send billions of dollars to America’s jobless. It’s also a potential bonanza for scammers. Throughout the Covid crisis, unemployment programs have served as a lifeline, channeling more than $650 billion over the past year to
By Carmen Reinicke, CNBC Beginning April 6, small businesses and non-profits can apply for up to 24 months of relief, with a maximum loan amount of $500,000, the Small Business Administration announced Wednesday. The previous limit for such businesses was six months, with a maximum loan amount of $150,000. “More
By Aimee Pichi, CBS News IRS officials have touted the agency’s delivery of the latest round of stimulus checks as reaching eligible Americans in “record time.” Yet some Social Security recipients in urgent need of financial assistance say they’re still waiting for the emergency relief payment. The problem at first
NEW YORK – New York Attorney General Letitia James today took action to protect millions of New Yorkers and block debt collectors from seizing billions of dollars in emergency stimulus payments authorized by the American Rescue Plan Act of 2021. Attorney General James issued official guidance to New York state banking
By Reade Pickert and Olivia Rockeman, Washington Post The velocity of the U.S. economy’s post-pandemic rebound hinges on more than just an increasingly capable consumer, and business spending appears poised to deliver its own boost. Economic growth balances on a combination of factors, notably consumer spending, housing demand, government outlays
