News

Democrats retook Senate control after the Georgia runoffs. Here’s the legislative manoeuvre they could use to get $2,000 stimulus checks to Americans and boost Obamacare — all without GOP support.

Democrats won control of the Senate on Tuesday, and it opens the door for Biden to accomplish more of his policy agenda. Among the measures include $US2,000 stimulus checks for Americans, which was shot down by Republicans. Reconciliation allows tax-and-spending legislation to be passed with a simple majority vote. Visit […]
Democrats retook Senate control after the Georgia runoffs. Here’s the legislative manoeuvre they could use to get $2,000 stimulus checks to Americans and boost Obamacare — all without GOP support.
News

The Fed and the Treasury are butting heads over more emergency relief at a time when spiking virus cases make cooperation more important than ever

The nation’s top two economic-policy officials locked horns on Thursday, a rare public disagreement as the coronavirus pandemic worsens and the pace of economic recovery weakens. Treasury Secretary Steven Mnuchin called for the Federal Reserve to return funds allocated to a spate of emergency lending facilities, leaving five programs to […]
The Fed and the Treasury are butting heads over more emergency relief at a time when spiking virus cases make cooperation more important than ever
Markets

Treasury Department says in reversal that Americans on Social Security don’t need to file a tax return to get a $1,200 stimulus check

The Treasury Department announced late on Wednesday that Americans receiving Social Security benefits would no longer need to file a tax return to qualify for a $US1,200 check from the federal government. The reversal came after the IRS instructed Social Security beneficiaries to file a “simple” tax return, provoking extensive […]
Treasury Department says in reversal that Americans on Social Security don’t need to file a tax return to get a $1,200 stimulus check