Tag Archives: stimulus

As the U.S. economy grapples with soaring inflation and rising interest rates that could trigger a recession, the Biden administration is being blamed for overheating the economy with too much stimulus aid in the wake of the COVID-19 pandemic. In an interview with the Associated Press published Thursday, President Joe Biden called the notion that the federal stimulus package caused inflation “bizarre.” Still, some prominent figures, including personal finance expert Suze Orman, have questioned… Source link

No new stimulus checks coming, but are you one of 17 million Americans leaving free money on the table? Most of the time, people leap at the chance for free money. After all, it’s been months since the third stimulus check from Congress, and yet a petition for a fourth payment is still closing in on 3 million signatures. So then, why are 10% of working Americans missing out on thousands in free cash that’s been available for a very long time? Even if you know about these programs and you don’t… Source link

An obscure COVID stimulus benefit will pay you up to $9,000 for a funeral The nation’s massive pandemic rescue plan includes one kind of funding that gets less attention: a funeral assistance program, offering families of those who have died of COVID up to $9,000 to cover burial costs. Part of the Biden administration’s $1.9 trillion COVID relief plan signed in March, the funeral expenses program extends much-needed help to families who may have gone into debt or lost wages in the… Source link

With no fourth stimulus check, these dividend stocks yielding as high as 10.4% can provide a much-needed boost of income Pandemic stimulus checks helped millions of Americans through tough times. But if you’re hoping for a fourth one, you’ll be disappointed. Uncle Sam doesn’t seem in a rush to provide more broad stimulus payments. Dividend checks, on the other hand, remain plentiful. Sure, the stock market’s rally over the past several years means most companies aren’t yielding as… Source link

Major COVID stimulus payments in line for 2022 extension — don’t miss your free cash Congressional support is strong among Democrats to extend a popular stimulus payments program through next year despite a tug of war over Biden’s budget bill. House Speaker Nancy Pelosi will likely push ahead this week to finalize a draft of President Joe Biden’s $1.75 trillion spending plan. It’s anyone’s guess, at this time, what the final version will look like. But here’s what we know so far… Source link

State orders new car insurance ‘stimulus checks’ — are you due another refund? While Washington stopped entertaining the idea of a fourth stimulus check, advocates and at least one state are still pushing car insurance companies to hand you some COVID-19 cash. Some insurers paid discounts and rebates to policyholders when they reaped soaring profits as Americans stayed home more during the Great Driving Slowdown in 2020. Yet government officials, advocacy groups and a class-action… Source link

Your kids are too old for the family stimulus checks? You can still get a payout The temporary expansion of the child tax credit, which is part of COVID relief, is paying out “family stimulus checks” to roughly 35 million households during the latter half of this year. Families are getting payments totaling up to $1,800 for each child under 6, and as much as $1,500 for kids ages 6 to 17. But if you have slightly older, college-age children under your roof, you might qualify for some government… Source link

Longer-dated U.S. government bond yields jumped after the Federal Reserve signaled that it would likely start pulling back on its monetary stimulus in November. Since the Fed’s announcement on Wednesday afternoon, the yield on the U.S. 10-year (^TNX) climbed 10 basis points to as high as 1.41%, a figure not seen since July. The yield on the U.S. 30-year (^TYX) similarly rose as much as 10 basis points, to 1.92%. Polaris Wealth Advisory Group Managing Partner Jeff Powell said that he expects… Source link

New COVID stimulus checks are on the way for some US workers After a long year and a half, many Americans are hopeful that the worst economic pain from the pandemic is behind them. But some of the hardest hit workers with jobs that are considered essential are still reeling. Many of them had to dip into their own funds to pay for protective equipment or child care. Now, to assist with those expenses, the government intends to offer financial relief through what are essentially targeted… Source link

Federal Reserve Chairman Jerome Powell said Friday that the U.S. economic recovery appears to be making progress, but warned that the central bank needs to be careful not to tighten its policy before enough Americans can return to work. “Today, with substantial slack remaining in the labor market and the pandemic continuing, such a mistake could be particularly harmful,” said Powell in remarks delivered at the central bank’s Jackson Hole Economic Symposium. Powell’s warning hints at a… Source link