News

Trump just cost jobless workers one week of federal unemployment assistance after he failed to sign the relief bill by midnight on Saturday

President Donald Trump did not sign the latest coronavirus relief legislation before midnight on Saturday, costing jobless workers one week of $US300 federal unemployment benefits. State agencies can only distribute benefits for weeks the bill is enacted, meaning the delay could cause the unemployment benefits to be distributed for 10 […]
Trump just cost jobless workers one week of federal unemployment assistance after he failed to sign the relief bill by midnight on Saturday
News

Biden ally Larry Summers, a former treasury secretary, said $2,000 stimulus checks would be a ‘serious mistake’ that could overheat the economy

Former US treasury secretary Larry Summers told Bloomberg on Friday that $US2,000 stimulus checks for Americans would be a “pretty serious mistake.” Summers, who was reportedly an adviser to President-elect Joe Biden’s campaign, said boosting consumer spending was the wrong route to economic recovery. The checks could overheat the US […]
Biden ally Larry Summers, a former treasury secretary, said $2,000 stimulus checks would be a ‘serious mistake’ that could overheat the economy
Markets

What to do if your coronavirus stimulus check is too big or too small

The IRS has sent out the majority of coronavirus stimulus checks to Americans who qualify. The size of your relief payment is dependent on the adjusted gross income (AGI) listed on the latest tax return you filed, either this year’s or 2018’s. The one-time payment is technically an advance tax […]
What to do if your coronavirus stimulus check is too big or too small
Markets

Billionaire bond king Jeff Gundlach slammed the Democrats’ proposed new $3 trillion coronavirus relief bill — and said it would take total state aid to ‘over 150% of Federal taxes’

The billionaire “bond king” Jeffrey Gundlach on Wednesday slammed the proposed multi-trillion coronavirus relief bill initiated by the Democratic party, and suggested that two-thirds of US stimulus funds are “leaking out.” Gundlach said if the bill passed, the combined bailout towards the pandemic over three months up to May would […]
Billionaire bond king Jeff Gundlach slammed the Democrats’ proposed new $3 trillion coronavirus relief bill — and said it would take total state aid to ‘over 150% of Federal taxes’