By Aimee Picchi, CBS News The $1.9 trillion American Rescue Plan, signed into law by President Joe Biden, is aimed at shoring up the pandemic-stricken economy through fiscal measures like expanded unemployment aid and direct stimulus checks. But the legislation also includes a relatively novel measure that offers a form
By Brian Sozzi, Yahoo Finance The red-hot U.S. housing market may meet its match this year: rising mortgage rates. Thus far though, it doesn’t appear housing has been thrown too much off its stride. “The consumer has certainly lost some of that [buying power] in the last couple of weeks,
By Tami Luhby and Katie Lobosco, CNN Washington (CNN) – The $1.9 trillion coronavirus package contains a wide range of benefits to help Americans who are still struggling with the economic fallout of the pandemic. The House of Representatives passed the bill on Wednesday, paving the way for President Joe Biden to sign it into law later
By Michael Collins, USA TODAY WASHINGTON – A warning for Americans who will receive $1,400 stimulus checks under the third round of direct COVID-relief payments: If you have unpaid debts, creditors may come after your money. Debt collectors will be able to garnish the stimulus funding that will be distributed to millions
By Ayelet Sheffey, Business Insider Ahead of its expiration date on March 31, the Federal Reserve Board announced on Monday that it is extending the Paycheck Protection Program (PPP) Liquidity Facility through the end of June, allowing continued distribution of funds through the PPP to small businesses. The PPP was implemented under the CARES Act in March, and
By Paul Davidson, USA TODAY It was supposed to be a dark winter for the economy. But buoyed by government relief aid, falling COVID-19 cases and the vaccine rollout, growth is expanding briskly and the economy is projected to boom this year as pandemic-related restrictions ease. Some economists even predict
By Kelly Anne Smith and Kemberley Washington, Forbes President Joe Biden’s $1.9 trillion American Rescue Plan Act is inching its way toward coming to life. The House released its draft of the bill late last week. As with all major pieces of legislation, however, what ends up in the final
By Anneken Tappe, CNN Business New York (CNN Business) – The US economy fared ever so slightly better in the fourth quarter of 2020 than initially thought. The nation’s gross domestic product grew at an annualized and seasonally adjusted rate of 4.1%, the Commerce Department reported in its second reading of the data
By Tiffany Hudson, Alexa Mencia, Joe Khalil, Haley Townsend, Michael Geheren, Fox 8 WASHINGTON (NewsNation Now) — The House of Representatives will vote Friday on the $1.9 trillion COVID-19 relief bill, advancing a top priority of President Joe Biden. Majority leader Steny Hoyer announced the vote on Twitter. “The American
By Elisabeth Buchwald, Market Watch ‘It’s been bizarre with this recession to see credit scores go up’ If you looked at Americans’ credit scores lately, you might conclude that most people in the U.S. are financially healthy. In fact, you might be led to believe that despite causing an economic
