TOPLINE Top Trump administration officials said Sunday that Republicans are including another batch of stimulus checks in their proposal set to be unveiled this week, a revival of a popular element of the March rescue package, although the GOP is bent on reducing enhanced unemployment benefits, another favored benefit. President Trump’s name is seen on
NEW YORK, NEW YORK – JULY 22: A woman waits in line as food is distributed at the Ebenezer … [+] Seventh-day Adventist church on July 22, 2020 in the Brooklyn borough of New York City. Getty Images On March 27, the CARES Act was signed into law and included a moratorium through July 24 on evictions for those
States are taking differing approaches to reopening and closing during the pandemic, and the economy has been feeling the impact. More than half of states have instituted statewide mask mandates to slow the spread of the coronavirus, and some have imposed curfews and group size limits for bars and restaurants. These five charts illustrate trends in
A man wearing a mask walks by the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures rose on Sunday night as investors braced for a big week of corporate earnings and lawmakers continued coronavirus stimulus negotiations. Dow
When federal “regulators” go boldly where no regulator has ever gone before–to promote retirement … [+] gambling, WATCH OUT! getty Private equity—speculative investments in the stocks of companies not publicly traded and hard-to-value—“has the potential to hasten the retirement day for American workers,” Trump’s DOL Deputy Secretary recently gratuitously advised. Trump’s SEC Chairman Jay Clayton
Economic Security Planning, Inc. Today’s column addresses questions about spousal benefits, returning to work after disability benefits, retirement benefits before survivor benefits and decreasing what counts as substantial covered earnings due to the coronavirus shutdowns. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc,
Gary Sinise channeled his paraplegic Lt. Dan character from Forrest Gump into a foundation that … [+] builds accessible homes for wounded warriors. Gary Sinise Foundation If you’re a wheelchair user or have other physical conditions that impact your use of public and commercial spaces, July 26 is a date worth celebrating. Thirty years ago
At farms across the country, workers are contracting Covid-19, sparking concerns about how to protect the low-wage laborers. Millions of Americans are working from home after their governors told them to shelter in place, but farmworkers, grocery store employees and other essential workers don’t have the option as they try to maintain the national food
Warren Buffett Gerry Miller | CNBC Warren Buffett this week added to his already massive stake in Bank of America at a time when the coronavirus pandemic still clouds the U.S. and global economic outlook. A Securities and Exchange Commission filing showed Buffett’s conglomerate, Berkshire Hathaway, bought 33.9 million shares of the banking giant between
Beach deck chair against a backdrop of Two Brothers Mountain in Rio de Janeiro, Brazil at sunset getty It’s the $1 million question for those nearing retirement. How much can you spend each year without running out of money? It’s a question I examine in my book, Retire Before Mom and Dad. The answer most commonly
MIAMI SPRINGS, FLORIDA – JULY 16: Carlos Ponce joins other demonstrators participating in a protest … [+] to support the continuation of unemployment benefits. (Photo by Joe Raedle/Getty Images) Getty Images As Congress scrambles to pass another COVID-19 relief bill, it must decide how best to put money into the hands of people who are
In response to the coronavirus pandemic, a growing number of U.S. colleges have said their campuses will remain closed through the fall semester. Still, students are heading back to school as soon as this weekend. For some, there is nowhere else to go. About 52% of high school and college students said going back to school
Graph and calculator with text refinancing getty With COVID-19 creating havoc and uncertainty within our economy, mortgage rates are hitting historic lows. According to Freddie Mac, the national average rate dropped earlier this month to an all-time low 2.98%. In fact, Mortgage News Daily reported that the average reached a seemingly impossible 2.87% on Thursday.
A woman near the ruins of a summer house destroyed by a fire in a dacha community in Moshkovo District, Novosibirsk Region, south Siberia. Novosibirsk Region is experiencing hundreds of fires believed to have been caused by burning old grass. Kirill Kukhmar | TASS | Getty Images The World Meteorological Organization warned on Friday that
Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Verizon reported quarterly profit of $1.18 per share, 3 cents a share above estimates. Revenue beat forecasts as well. Verizon said it experienced a negative impact from Covid-19, which hurt wireless service and ad spending revenue. American Express (AXP) –
getty It might make sense to treat your retirement savings like the government treats banks. Your savings will, after all, become your bank when you retire. Historically, banks’ internal procedures periodically called for accounting “stress tests.” Similar to what your doctor might order you to take to test the strength of your heart, bank stress
WASHINGTON, DC – JUNE 30: Senate Majority Leader Mitch McConnell (R-KY) speaks during a press … [+] conference following the weekly Senate Republican policy luncheon in the Hart Senate Office Building on June 30, 2020 in Washington, DC. McConnell stated that a briefing could be arranged for Senators to get more information on the report
“My stomach is growling and I have a headache,” said Sheila Ritter, 51. Sheila Reiter Sheila Ritter was laid off from her job as a security guard on March 14, the same day as her oldest daughter’s birthday. Affording enough food to feed her family has been a struggle for Ritter, who lives in Denver,
Storm surge is known to be one of the major causes of hurricane property damage. getty Hurricane Hanna, the first Atlantic hurricane of 2020, puts more than 14,000 homes at risk of storm surge damage, according to CoreLogic, a real estate data analytics provider. The storm made landfall Saturday on Padre Island off the southern
Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies before the Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington DC on June 30, 2020 in Washington, DC. Kevin Dietsch | AFP via Getty Images White House coronavirus advisor Dr. Anthony Fauci said Friday that