economic stimulus package

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Stimulus Checks Will Have an Unusual Name on Them

A president's name, for the first time ever

(Newser) - If you're among the Americans checking their mailboxes for a stimulus check, the Washington Post reports that yours will be coming to you a little differently than any other IRS disbursement in history: It will bear the words "President Donald J. Trump" on the left-hand side of the...

That Stimulus Check? It Could Take 5 Months to Arrive

Those with direct deposit info on file should see money mid-month

(Newser) - Take a deep breath because it could be up to five months before you get a check from the government. Despite early assurances from Treasury Secretary Steven Mnuchin that Americans would be getting stimulus checks as soon as Monday, a memo obtained by CNN and NBC News suggests the first...

New Committee to Watch How Stimulus Money Is Spent

Republicans say there's enough oversight already

(Newser) - House Speaker Nancy Pelosi is launching a bipartisan committee to keep an eye on how the $2 trillion in the new stimulus bill is spent. "Where there's money there’s also frequently mischief," Pelosi said Thursday. "We want to make sure there are not exploiters out...

Treasury Does 180 on Stimulus Funds for One Set of Americans

Social Security recipients won't have to file tax return to get money

(Newser) - One of the biggest challenges the Treasury Department has in getting Americans their checks from the $2.2 trillion coronavirus stimulus package is tracking down people who don't file tax returns. Now, at least one key group of nonfilers will see that process expedited. The official word, delivered from...

New Projection: Job Losses Will be Brutal but Temporary
New Forecast: 47M Jobs Lost
Mar 30, 2020 5:55 PM CDT

New Forecast: 47M Jobs Lost

Unemployment could top 32%, economist writes

(Newser) - The head of the St. Louis Fed predicted last week that US unemployment will hit 30% before the economic damage inflicted by the pandemic is over. An economist at the St. Louis Fed has written a research paper saying the toll could be even worse: 32.1% unemployment, for a...

Here's When You'll Get Your Coronavirus Money

Mnuchin says payments will be made within 3 weeks

(Newser) - Americans will start receiving money from the $2.2 trillion coronavirus relief package within three weeks if the government has their bank details, Steven Mnuchin confirmed Sunday. "We expect that within three weeks that people who have direct deposit with information with us will see those direct deposit in...

Coronavirus Relief Money Will Be Coming Soon

Trump signs $2 trillion relief package, authorizing direct deposits or checks

(Newser) - Your relief money from the government is now officially in the works. President Trump signed the $2 trillion coronavirus stimulus measure at the White House late Friday afternoon, reports the Hill . He was able to do so after the House approved the bill via a rare voice vote, despite some...

House Passes Rescue Bill, Overcoming Threat of Delay

Relief money to Americans should be coming soon

(Newser) - No delay after all . The House Friday approved a $2.2 trillion rescue package Friday, seen as a life preserver to a US economy and health care system left flailing by the coronavirus pandemic, per the AP . The House approved the sweeping measure by a voice vote, as strong majorities...

Trump Denounces GOP &#39;Grandstander&#39;
Trump Denounces
GOP 'Grandstander'
Mar 27, 2020 10:29 AM CDT

Trump Denounces GOP 'Grandstander'

Rep. Thomas Massie taking flak over delaying passage of stimulus bill

(Newser) - Nancy Pelosi promised Friday morning that the House would pass the massive stimulus package that already has cleared the Senate before the day is done. But if so, passage won't be as easy as she originally planned, and one member of Congress is taking a lot of criticism over...

After Avoiding US Taxes, No Taxpayer Help for Cruise Lines

Major operators kept headquarters overseas

(Newser) - Cruise lines that kept their headquarters overseas to avoid paying American taxes won't be getting a bailout from American taxpayers. The Cruise Lines International Association industry group says that while the cruise industry has been hit extremely hard by the coronavirus pandemic, major operators will not qualify for any...

A Single Member of Congress Could Delay Stimulus Vote

One objection could kill voice vote Friday, require House members to return to DC

(Newser) - "We need to get this bill passed tomorrow," House Speaker Nancy Pelosi said Thursday of the $2 trillion economic stimulus package that already has cleared the Senate . To do that, she said, “We have to get people off their selfishness." Some Republicans, and one unnamed Democrat,...

Here&#39;s How Big Your Coronavirus Check Will Be
Here's How Big Your
Coronavirus Check Will Be
the rundown
Mar 26, 2020 9:25 AM CDT

Here's How Big Your Coronavirus Check Will Be

Most Americans will get a check ... or direct deposit

(Newser) - The Senate on Wednesday passed the biggest economic relief bill in US history—the AP gives a sense of scope by noting the $2.2 trillion price tag is equivalent to half the size of the entire $4 trillion-plus annual federal budget. Assuming the House passes it as expected on...

Senate Passes 'Unparalleled' $2.2T Stimulus Package

House expected to pass economic rescue package Friday

(Newser) - The Senate late Wednesday passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers, and health care systems engulfed by the coronavirus pandemic. The unanimous vote came despite misgivings on both sides about whether it goes too far or not far enough and capped days of...

'We Have a Deal' on $2T Relief Package

'Help is on the way, big help and quick help'

(Newser) - "Ladies and gentlemen, we are done. We have a deal," top White House aide Eric Ueland announced early Wednesday after the White House and Senate leaders reached agreement on the biggest economic relief package in American history. The $2 trillion measure to help workers, businesses, and the health...

Your $1.2K Check May Be Very Close

As both sides near relief deal, Trump asks if Democrats 'want virus to win'

(Newser) - After a day of anger and insults , a bipartisan Senate deal on a massive economic stimulus bill could be announced as early as Tuesday morning. Negotiations finished shortly before midnight without a deal, but Treasury Secretary Steve Mnuchin and Senate Minority Leader Chuck Schumer said they were very close to...

Tax Deadline May Be Extended
Trump Proposes
0% Payroll Tax
Mar 11, 2020 6:21 AM CDT

Trump Proposes 0% Payroll Tax

April 15 tax deadline likely to be extended

(Newser) - President Trump on Tuesday proposed eliminating the payroll tax until the end of the year to mitigate the effects of the coronavirus. A few different timelines were discussed during a closed-door meeting with Republican lawmakers, with some talk of the rollback stretching beyond 2020, officials tell NBC News , adding Trump...

Food Stamp Cuts Hit, Bring Per-Meal Average to $1.40

One in 7 are on the supplemental nutrition assistance program

(Newser) - The moment food banks across the country have been bracing for is here: Today, the Supplemental Nutrition Assistance Program loses $5 billion in funding. The cuts will hit across the board, affecting all 47 million people—about 1 in 7 Americans and counting —who receive assistance, dropping the maximum...

Obama to GOP: Let&#39;s Cut Corporate Taxes
 Obama to GOP: Let's 
 Cut Corporate Taxes 
NEW 'GRAND BARGAIN'?
Jul 30, 2013 7:58 AM CDT

Obama to GOP: Let's Cut Corporate Taxes

... but only if you agree to job creation measures

(Newser) - President Obama has a new "grand bargain" for Republicans, though it's a little less grand this time around. In a speech today, Obama will offer to overhaul the corporate tax code, reducing the rate and reaping a onetime windfall in the process, the Wall Street Journal reports. In...

Battery Maker That Grabbed $132M Stimulus Goes Broke

Is A123 Systems the new Solyndra?

(Newser) - A123, a battery maker that received $132 million in stimulus grants intended to promote electric vehicles, filed for bankruptcy yesterday, the New York Times reports, in a case that some pundits are already comparing to the Solyndra scandal. The bankruptcy is surprising, because the company had announced a deal to...

Ryan Lobbied Hard to Save Wisconsin Auto Plants

Despite free-market credo, pushed for local car plants

(Newser) - Not only did deficit-hawk Paul Ryan vote for Detroit's $14 billion emergency bailout, he also spearheaded two lavish incentive plans that gave hundreds of millions of dollars in tax breaks and benefits to keep a large GM plant in his hometown, reports the Los Angeles Times . That plant closed...

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