Stimulus Archives - Mediarabe

Second stimulus check: 9 facts to know, including one possible change

October 11, 2020

money-cash-dollars-measuring-tape-8113 — Here’s what’s happening with a second stimulus check.

Angela Lang/CNET

As negotiations to pass the next stimulus check amble forward, we can take stock of what we know about how it will be handled, based on the first stimulus check, several previous stimulus proposals and the latest details of a White House-authored stimulus bill.

We’ll go over the top takeaways that will help you to understand what’s happening with stimulus payments right now, including who would qualify, how much money you might expect to receive and the effect on your taxes. This story was recently updated.

1. Negotiations are a roller coaster

Here’s the quick version: House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will continue to negotiate through the weekend.

Both sides of the aisle are currently contesting the White House’s $1.8 trillion offer, which arrived Friday and includes another direct payment for up

Community colleges are experiencing existential crises with more stimulus uncertain

October 10, 2020

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It’s not clear if U.S. colleges (or anyone) will be receiving getting more stimulus before the end of the year.

And several community college leaders told Yahoo Finance that if they don’t, many of these schools will struggle to survive in the years to come.

“The biggest concern is we’re going to find many institutions that are serving some students with the greatest need or the greatest barriers to persistence and completion may not have the financial viability to continue,” Carrie Welton, director of Policy and Advocacy at the Hope Center, told Yahoo Finance. “We’re actually risking taking those institutions off the table for students altogether. I think that’s probably the greatest restaurant, obviously institutions need to be available for students to be able to attend.”

‘We desperately need help’

The Connecticut State Colleges and Universities (CSCU) system oversees 17 institutions serving 85,000 students, and CSCU President Mark Ojakian

The Hill’s Campaign Report: Trump campaigns on Rush Limbaugh show l Democrats question Trump’s mental fitness l Coronavirus stimulus in doubt before election

October 9, 2020

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Welcome to The Hill’s Campaign Report, your daily rundown on all the latest news in the 2020 presidential, Senate and House races. Did someone forward this to you? Click here to subscribe.

We’re Julia Manchester, Max Greenwood and Jonathan Easley. Here’s what we’re watching today on the campaign trail:

LEADING THE DAY:

Happy Friday! From talk of invoking the 25th Amendment to President TrumpDonald John TrumpBiden campaign raises over M on day of VP debate Trump chastises Whitmer for calling him ‘complicit’ in extremism associated with kidnapping scheme Trump says he hopes to hold rally Saturday despite recent COVID-19 diagnosis MORE’s two-hour call into the Rush Limbaugh show, it’s been another chaotic day in Washington to say the least.

Let’s get you up to speed.

The day kicked off with Democrats rolling out legislation that would establish a panel to examine a sitting president’s ability to perform

Trump campaigns on Rush Limbaugh show l Democrats question Trump’s mental fitness l Coronavirus stimulus in doubt before election

October 9, 2020

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Welcome to The Hill’s Campaign Report, your daily rundown on all the latest news in the 2020 presidential, Senate and House races. Did someone forward this to you? Click here to subscribe.

a man wearing a suit and tie: The Hill's Campaign Report: Trump campaigns on Rush Limbaugh show l Democrats question Trump's mental fitness l Coronavirus stimulus in doubt before election

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The Hill’s Campaign Report: Trump campaigns on Rush Limbaugh show l Democrats question Trump’s mental fitness l Coronavirus stimulus in doubt before election

We’re Julia Manchester, Max Greenwood and Jonathan Easley. Here’s what we’re watching today on the campaign trail:

LEADING THE DAY:

Happy Friday! From talk of invoking the 25th Amendment to President Trump’s two-hour call into the Rush Limbaugh show, it’s been another chaotic day in Washington to say the least.

Let’s get you up to speed.

The day kicked off with Democrats rolling out legislation that would establish a panel to examine a sitting president’s ability to perform their duties, and potentially to remove the commander in chief from office

Unemployment benefits may pay just $5 a week without stimulus deal

October 7, 2020

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U.S. President Donald Trump walks to Marine One on the South Lawn of the White House on October 1, 2020 in Washington, DC.

Drew Angerer | Getty Images

It appears unemployed workers won’t get another boost in their weekly benefits any time soon, after President Donald Trump pulled officials out of negotiations on a fifth round of coronavirus relief Tuesday.

The move abruptly dashed hopes of a deal on items such as enhanced unemployment benefits after weeks of talks between the White House and top congressional Democrats seemed to be bearing some fruit.

Absent more aid, jobless Americans will be living off their current allotment of benefits from the state or federal government. In some cases, that amounts to just $5 a week.

Even that money will disappear by the end of the year for millions of workers without more legislation — leaving them with no income if they’re unable

Trump Torpedoes Stimulus Negotiations And These Six Benefits Are Off The Table (For Now)

October 6, 2020

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Topline

President Trump abruptly announced via tweet Tuesday that he had directed his aides to stop negotiations on the next round of federal coronavirus relief legislation—with the U.S. economy in the midst of an increasingly precarious economic recovery, here are the key benefits that are suddenly off the table (for now).

President Trump Arrives Back At White House After Stay At Walter Reed Medical Center For Covid — U.S. President Donald Trump salutes Marine One helicopter pilots upon return to the White House from … [+] Walter Reed National Military Medical Center on October 05, 2020 in Washington, DC.

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Key Facts

Enhanced federal unemployment benefits: Democrats and the White House never agreed on the amount of a new weekly benefit (the $600 a week from the CARES Act expired in July, and Trump’s $300 a week Lost Wage Assistance program has run dry), but they did agree that more federal support is necessary. House Speaker Nancy Pelosi (D-Calif.) and Democrats wanted $600 per week, and

Breakingviews – Corona Capital: Fiscal stimulus, Fitness riches

October 6, 2020

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Reuters
Reuters

NEW YORK/LONDON/MILAN/MELBOURNE (Reuters Breakingviews) – Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.

LATEST

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FISCAL KNUCKLE-RAPPING. Federal Reserve Chair Jerome Powell delivered a mild rebuke to squabbling Washington lawmakers on Tuesday. While praising the fiscal stimulus as Covid-19 plunged the United States into recession, he effectively said they needed to do more to avoid a âtragicâ reversal of progress. Listen up, House Speaker Nancy Pelosi, Senate Leader Mitch McConnell and Treasury Secretary Steven Mnuchin.

One way Powell expressed this in Fedspeak was by saying âthe risks of policy intervention are still asymmetric.â At least he clarified that, adding the dangers of overdoing stimulus seem smaller than those from providing too little support. Itâs a theme echoed the same day by European Central Bank executive board member Philip Lane

Dow set to rise after rally on improving Trump health, hopes for stimulus

October 6, 2020

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BY THE NUMBERS

Dow futures pointed to a higher Tuesday open after Wall Street soared following President Donald Trump‘s afternoon tweet that he was leaving Walter Reed National Military Medical Center on Monday evening. He did indeed return to the White House to continue his Covid-19 treatment and recovery, easing concerns about more political uncertainty ahead of Election Day. (CNBC)

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Investors also bought stocks on hopes that Capitol Hill can come through with an additional coronavirus stimulus package. On Monday, the Dow closed up 465 points or 1.7%, while the S&P 500 and Nasdaq rose 1.8% and 2.3%, respectively. Later Tuesday morning, Fed Chairman Jerome Powell speaks at the annual meeting of the National Association for Business Economics at 10 a.m. ET. (CNBC)

On today’s economic calendar, the Commerce Department is out with August trade balance figures at 8:30 a.m. ET, with economists calling for a deficit

U.S. stocks, crude jump on revived stimulus hopes, Trump’s improving health

October 6, 2020

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NEW YORK (Reuters) – U.S. stocks closed sharply higher and crude prices surged Monday as renewed optimism surrounding stimulus negotiations and news of President Donald Trump’s health progress helped calm investor anxiety.

U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continued talks toward a bipartisan agreement on a new pandemic relief package. That revived hopes for a new round of stimulus more than two months after emergency unemployment benefits expired for millions of Americans.

“This probably is a bit of a relief rally,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. “Two weeks ago there wasn’t much hope and now there’s a growing consensus that stimulus could pass before the election.”

“That seems to be where the market is leaning right now.”

Trump’s physician, Dr. Sean Conley, announced late in the session that the president has met or exceeded all standard criteria to

U.S. stocks, crude advance as stimulus talks, Trump’s improving health boost risk appetite

October 5, 2020

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NEW YORK (Reuters) – Growing risk appetite helped push U.S. stocks and crude prices higher on Monday as renewed optimism surrounding stimulus negotiations and news of President Donald Trump’s health progress helped calm investor anxiety.

U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continued talks aimed at arriving at a bipartisan agreement on a new pandemic relief package. That revived hopes that a new round of stimulus could be in the offing more than two months after emergency unemployment benefits expired for millions of Americans.

“As long as we hear negotiations are continuing Mnuchin and Pelosi trying to narrow their conditions, the market will think they are making progress and something will happen soon,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

While the severity of Trump’s condition remained unclear, he took a brief ride in a presidential motorcade to wave to his supporters, as

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