A person wearing a protective mask walks past a store for lease in San Francisco, Calif., on Dec. 8, 2020. David Paul Morris/Bloomberg via Getty Images Worsening outlook Together, initial claims are at their highest point since mid-September. “[The] rebound signals things aren’t just stagnating, they’re worsening,” Daniel Zhao, an economist at Glassdoor, a job
Personal finance
Scott Heins | Getty Images News | Getty Images The next stimulus package may include relief for renters struggling in the pandemic. In a summary of the bipartisan legislation circulated on Wednesday, lawmakers included a national eviction moratorium until February, 2021, and $25 billion in rental assistance for tenants who’ve fallen behind. Those funds would
Image Source | DigitalVision | Getty Images As Capitol Hill lawmakers continue to work on the next round of coronavirus relief, a big question remains: Will there be a second round of $1,200 stimulus checks? Based on one new plan, lawmakers for and against those checks could split the difference and send $600 one-time payments
Al Drago | Bloomberg | Getty Images A bipartisan Senate relief package would pay a $300 weekly boost to unemployment benefits for 16 weeks and extend jobless aid for millions of workers set to lose benefits at year’s end, according to a summary of the legislation issued Wednesday. The $908 billion bill, the Bipartisan Emergency
Woman holds vials labelled “COVID-19 Coronavirus Vaccine” over dry ice in this illustration taken, December 5, 2020. Dado Ruvic | Illustration | Reuters “I can’t produce enough for the masses,” Johnny T. Stine wrote on Facebook in May, “but in 18 months, when the virus is long gone, everyone will have access to the vaccine
Twitter CEO and Co Founder, Jack Dorsey addresses students at the Indian Institute of Technology (IIT), on November 12, 2018 in New Delhi, India. Amal KS | Hindustan Times | Getty Images The Covid-19 pandemic has prompted some advocates to call for providing Americans with guaranteed monthly income to help them get back on their
Student enter PS 15 Roberto Clemente School in New York, U.S., on Tuesday, Sep. 29, 2020. Jeenah Moon | Bloomberg | Getty Images As the coronavirus pandemic continues to disrupt schooling across the country, students are falling behind — and none more than Black and Hispanics, a report by McKinsey & Company found. That will
Frederick Bass | fStop | Getty Images $180 billion The relief package allocates $180 billion for “additional unemployment insurance,” according to a framework outlining cost elements. It’s the second-largest pot of money available, placing only behind $288 billion in support for small businesses, including funds for the Paycheck Protection Program. The bill would also offer
U.S. Senate Democratic Leader Chuck Schumer (D-NY) takes questions during a news conference on Capitol Hill in Washington, December 1, 2020. Kevin Lamarque | Reuters Sen. Minority Leader Chuck Schumer continues to put pressure on President-elect Joe Biden to to forgive up to $50,000 in student debt per borrower on the first day of his
Vasily Pindyurin | fStop | Getty Images Cyber criminals steal billions of dollars a year from financial firms. Financial advisors – and their clients – are at risk as attacks increase and grow more complex, according to security experts. “Advisors have one thing the bad actors want, and that’s money,” said Brian Edelman, chief executive
Caíque de Abreu | E+ | Getty Images As many newlyweds discover, there’s a lot of sharing that goes on in a marriage. Including your taxes. If you tied the knot this year (or plan to do so in December), it may be worthwhile checking out what your new status will mean for your 2020
If Senate Majority Leader Mitch McConnell, R-Ky., has his way, parents will have a lot more flexibility when it comes to covering the extra expenses that have gone hand in hand with distance learning. McConnell’s proposal for pandemic relief would allow parents of K-12 students at public or private schools to use 529 college savings funds
For close to a decade, the Honeycutts lived in the brick house with white shudders on Patterson Street in China Grove, North Carolina. Vicki Honeycutt and her husband, James, a disabled Gulf War veteran, loved to sit out on the front porch, drinking Pepsis or sweet tea. Vicki’s favorite space in the three-bedroom house was
Halfpoint Images | Moment | Getty Images Millions of people who were eligible for $1,200 stimulus checks still may not have received their money. Now, the Government Accountability Office and a few Democratic members of Congress are calling for the IRS and Treasury Department to step up their efforts to get the relief to those
US Secretary of Education Betsy DeVos attends the “Getting America’s Children Safely Back to School” event in the State Room of the white House in Washington, DC, on August 12, 2020. NICHOLAS KAMM/AFP via Getty Images U.S. Department of Education Secretary Betsy DeVos announced on Friday that the payment pause and interest waiver for student
Trevor Williams What goes up must come down and then usually goes back up again, at least in the case of the U.S. stock market. The market has been on a roller-coaster ride this year amid the coronavirus pandemic. The S&P 500 started the year strong, breaking the record for the longest-ever bull market. Then,
Michelle Lujan Grisham, the governor of New Mexico Toya Sarno Jordan | Getty Images News | Getty Images Some states and cities are forging ahead to provide relief to residents financially scarred by the Covid crisis, as negotiations for a federal rescue package continue on Capitol Hill. Alaska, Colorado, Maryland, New Mexico and New York
A significant percentage of corporate chief financial officers are making 2021 spending and hiring plans around vaccine optimism, but the current case surge in the U.S. and Europe is making a dent in confidence. Robyn Beck | AFP | Getty Images Millions of Americans are still hoping for a second round of stimulus checks to
Medical staff examine a patient in the Covid-19 intensive care unit at United Memorial Medical Center in Houston on Nov. 16, 2020. Go Nakamura | Getty Images The coronavirus pandemic may be an extra stressful time for Medicare beneficiaries. Not only are they generally in a high-risk group for Covid, most of them — about
Senate Majority Leader Mitch McConnell (R-KY) speaks at a campaign event in Florence, Kentucky, U.S., October 28, 2020. Bryan Woolston | Reuters The latest Covid-19 relief proposal would give generous taxpayers a sweeter tax break for donating to charity. Senate Majority Leader Mitch McConnell, R-Ky., issued a proposal for pandemic relief on Tuesday afternoon –