Experts disagreed on whether another round of stimulus should extend the highly controversial expanded jobless benefits, according to testimony provided before the U.S. House Committee on Financial Services on Thursday (July 23). The Trump administration had shot down propositions to maintain the $600-a-week jobless benefits...
The U.S. economy is starting its walk back toward recovery, with all 50 states having publicly issued plans to begin reopening businesses after some eight weeks of closures that have cost nearly 40 million jobs. But a political conflict is building in Washington as Democrats...
In today’s top news, banks brace for the end of their mortgage forbearance program, and Shopify launched a business account for merchants and POS credit system. Plus, bitcoin transferred over the dark web was up 65 percent in the first quarter of 2020. Banks Brace...
After a slightly rocky rollout, complaints that funds took a long time to arrive and that a few dead people got payouts they can’t really use, the first round of $1,200 stimulus funds has largely been delivered. Americans have been expending the money on things like rent, groceries, bills and...
July 28, 2020
Unlike the CARES Act, which passed Congress in March with bipartisan support to deliver $2 trillion in economic relief to the country, this time Republicans and Democrats can’t even agree on what to name the new COVID-19 stimulus plan. In May, House Democrats passed the $3 trillion Health and Economic Recovery Omnibus Emergency Solutions or […]
