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 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
By Anneken Tappe, CNN Business New York (CNN Business) – Low interest rates have helped fuel a boom in the US housing market: Last quarter Americans’ mortgage debt climbed to a record high of nearly $10 trillion, the Federal Reserve Bank of New York reported Tuesday. Homebuyers are leveraging the near-constant new lows
By Alex Roha, Housing Wire Following previous natural disaster recovery patterns, mortgage delinquencies are not expected to return to pre-pandemic levels until March 2022, according to a report from Black Knight. If trends persist, the data service provider estimates once the first wave of forbearances hit their 12-month expiration in March 2021, there
By Megan Leonhardt, CNBC Most voters do not believe the U.S. will quickly rebound from the recession caused by the effects of coronavirus pandemic. In fact, about 65% of registered voters expect the U.S. economy to take more than a year to recover. That’s according to a new survey bill pay
