By:
On:
In: Business Checks

title=

Supporters cheer as President Donald Trump arrives for a campaign rally at John P. Murtha Johnstown-Cambria County Airport in Johnstown, Pa., Tuesday, Oct. 13, 2020.


Gene J. Puskar

AP

WASHINGTON

President Donald Trump is persisting with the myth that Democratic rival Joe Biden proposes to ban fracking. Biden doesn’t.

TRUMP: “One of the most important issues for Pennsylvania is the survival of your fracking industry. Joe Biden has repeatedly pledged to abolish fracking. He’s a liar. He’s a liar.” — remarks Tuesday night at a rally in Johnstown, Pennsylvania.

THE FACTS: That’s false. Biden has repeatedly pledged not to abolish fracking.

His running mate, Sen. Kamala Harris, underscored that point multiple times in the vice presidential debate. None of that has dissuaded the president from repeatedly and wholly distorting Biden’s position.

At one of the Democratic primary debates, Biden misspoke when he addressed the subject, saying that if he became

… Read More

By:
On:
In: Business News Articles

Text size

With bank earnings, Apple’s iPhone event, and the start of Amazon Prime Day on the schedule, Tuesday promised fireworks for the stock market. Instead, they delivered yawns as investors wrestled with continued Covid headlines and no stimulus.

The

S&P 500

finished down 0.6%, while the

Dow Jones Industrial Average

declined 157.71 points, or 0.6%, and the

Nasdaq Composite

dipped 0.1%. Yes, it was a down day, but not a big one.

“Stocks remained remarkably stable in the face of the scary COVID headlines and the global risk selloff, and this relative strength is even more impressive due to the lack of a stimulus deal,” writes Gorilla Trades strategist Ken Berman.

The same can’t be said for the companies that were making news.

Apple,

for instance, dropped 2.7% after releasing the details of its new iPhones. They were nice, but not exciting enough for a stock that had

… Read More

By:
On:
In: Business Checks

title=

Sen. Lindsey Graham, R-S.C., questions Supreme Court nominee Amy Coney Barrett during her confirmation hearing before the Senate Judiciary Committee on Capitol Hill in Washington, Tuesday, Oct. 13, 2020.


Tom Williams

AP

WASHINGTON

The senator leading Supreme Court confirmation hearings Tuesday launched into revisionist history on “Obamacare,” implying it was designed to help Democratic states like California, New York and Massachusetts while doling out less to states like his, South Carolina.

In doing so, Sen. Lindsey Graham skipped over the fact that health insurance is generally more expensive in places with a high cost of living. Also, South Carolina is among 12 conservative states that have not adopted the law’s Medicaid expansion, a big source of federal subsidies.

A look at the Senate Judiciary Committee chairman’s remark during questioning of nominee Amy Coney Barrett:

GRAHAM: “Under the Affordable Care Act, three states get 35% of the money, folks. Can you

… Read More

By:
On:
In: Income

money-cash-coins-purse-money-3719

Everything you need to know about economic stimulus checks, right here.


Angela Lang/CNET

Negotiators continue to debate the contents of a stimulus package that both sides want despite their sharp differences, complicating the timeline for receiving a second stimulus check. As of Monday, the White House administration continues to push for a stimulus package to include a second $1,200 stimulus payment to individuals, while also calling on Congress to pass a standalone bill using unused funds from the March CARES Act.

Amidst the dizzying back-and-forth negotiations are some universal questions we can help answer today about the first and potentially the second check — including who was and could be eligible, when a new check could arrive and how dependents could affect your total sum. And if you don’t normally file federal income taxes, you may be one of the millions who still qualify for

… Read More

By:
On:
In: Business Checks

It’s now unlikely that a new stimulus bill will be approved before election day November 3, where Donald Trump is seeking reelection against his challenger, Joe Biden.

But what if you’ve not received the first check yet and it’s due to arrive in the post? Will it arrive today on Columbus Day?

Unfortunately the short answer is no. US Post offices are closed on Monday. This means that there won’t be any residential or business deliveries except Holiday Premium/Priority Mail Express. Regular mail delivery and collections resume Tuesday.

When’s the earliest a new round of stimulus bills could be sent?

With two votes (one in the House and one in the Senate) and

… Read More

By:
On:
In: Business Checks


Getty

House Democrats are calling for another round of stimulus checks in their new $2.2 trillion proposal.

Will there be a second COVID-19 stimulus relief plan, including a second round of stimulus checks? The chances for it diminished on October 10. That’s when the White House sweetened the pot to $1.8 trillion, but it didn’t go anywhere. What gives? Who’s responsible for the fact you haven’t gotten a second stimulus check yet?

The answer is both sides. House Speaker Nancy Pelosi rejected the offer saying it didn’t do enough. However, she’s not the only opponent. Senate Republicans aren’t coalescing around that amount either. They think it’s too much.

White House economic adviser Larry Kudlow went on the Sunday talk shows and insisted the deal wasn’t dead. He believes Republicans will come around if Democrats do. That’s an open question, of course.

“No, I don’t think it’s dead at all,” said

… Read More

By:
On:
In: Money

breaking-the-piggy-bank-stimulus-check-cash-money-savings-debt-personal-finance-005

If you claimed dependents on your 2019 tax return, you should’ve received at least $500 in the first round of stimulus checks.


Sarah Tew/CNET

If you claim a dependent on your taxes, you might receive more money in a second stimulus check than you did in the first, if a bill is approved in Congress. There are now three different proposals for a new stimulus bill that all expand the definition of a dependent in a way that’s sure to bring your family a larger sum, so long as you’re eligible for a new check (when and if it happens).

According to the latest proposal under consideration, a $1.8 trillion White House effort, the total for child dependents could rise from $500 to as high as $1,000 in a second round. Two other proposals wanted to bring $500 to dependents of any age, including an older relative

… Read More

By:
On:
In: Business Checks

President Donald Trump may agree to spend more than $1.8 trillion in order to pass a coronavirus stimulus bill before Election Day, his top economic adviser said Sunday.

Larry Kudlow said that the administration might even exceed the House Democrats’ $2.2 trillion spending figure.

Trump indicated in a radio interview last week that he “would like to see a bigger stimulus package, frankly, than either the Democrats or the Republicans are offering.”

“As far as the key elements are concerned, the checks, the unemployment assistance, the small business assistance — we have got to help airlines out — he would go further,” Kudlow said on CNN’s “State of the Union.”

“He’s always said that. He knows that we need as much power for economic recovery as possible. It’s not just recovery in three weeks. It’s recovery to the end of the year and beyond in a possible second term.”

Kudlow

… Read More

By:
On:
In: Income

money-cash-coins-purse-money-3719

Everything you need to know about economic stimulus checks, right here.


Angela Lang/CNET

The probability of a second stimulus check is still complicated, after a week where negotiations careened from one extreme to another. As of Saturday, the current path is for an overarching stimulus package to include a second $1,200 stimulus payment to individuals.

The dizzying back and forth negotiations will shift the timeline for when the IRS could send a new check, but there are some universal questions we can help answer today about the first and potentially the second check — including who was and could be eligible, when a new check could arrive and how dependents could affect your total sum. And if you don’t normally file federal income taxes, you may be one of the millions who still qualify for the first check, but make sure to claim it by

… Read More

By:
On:
In: Business Checks


Getty

House Democrats are calling for another round of stimulus checks in their new $2.2 trillion proposal.

Millions of Americans could use a second COVID-19 stimulus check. However, as the months have passed without movement on the issue, people have grown increasingly frustrated about the chances of seeing another check.

Will you get a second COVID-19 stimulus check? Here’s the update as of October 10. Both sides – Democrats and Republicans – in Congress have repeatedly said they support giving the American people a second $1,200 stimulus check (with $3,400 for a family of four).

The president has supported a second stimulus check. President Donald Trump tweeted this on Oct. 7: “If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?” The White House then offered on October

… Read More