Senate’s $3.5T budget: What you need to know
Congressional democrats hope to pass a $3.5 trillion budget this fall aimed at improving housing, education, climate change and other initiatives.
‘No question’ delta variant is why August job growth wasn’t stronger, Biden says
America’s employers added just 235,000 jobs in August, a modest gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out.
Many major insurers no longer waiving out of pocket costs for COVID-19 care
Nearly three-quarters of health care plans are no longer waiving out-of-pocket costs, according to a briefing by the Kaiser Family Foundation.
US unemployment claims rise by 4,000 to 353,000
U.S. unemployment claims rose for the first time in five weeks even though the economy and job market have been recovering from the pandemic.
Biden infrastructure agenda advances as House passes $3.5 trillion budget
House Democratic leaders have compromised with moderates and muscled President Joe Biden’s multitrillion-dollar budget blueprint over a key hurdle.
Deadline approaching to opt out of advanced child tax credit payments
More and more parents who are receiving advance payments of their child tax credit are opting out. The deadline to stop the upcoming payment rounds is Aug 30. If you opt-out, you're not turning down the credit. You are simply putting off when you get it.
Biden administration cancels another $5.8B in student loan debt: Here's who qualifies
More than 323,000 federal student loan borrowers with a total and permanent disability (TPD) will have their college debt automatically discharged by the end of the year. Read on to see who qualifies, and what you should do with your debt if you're not eligible for a TPD discharge.
Biden asks Supreme Court to keep CDC eviction ban in place
President Joe Biden asked the U.S. Supreme Court Monday to keep an eviction moratorium in place after Georgia and Alabama realtors sought to challenge a lower court’s ruling.
US unemployment claims hit pandemic low as hiring strengthens
The U.S. Labor Department reported Thursday that unemployment claims fell last week for a fourth straight time to a pandemic low of 348,000.
Child tax credit: Treasury, IRS disburse second round of payments
According to the IRS and Treasury Department, a technical issue will cause a small percentage of those who chose direct deposits to receive a physical check this month.
July jobs report: US adds 943K jobs, unemployment rate drops to 5.4%
Hiring surged in July as U.S. employers added 943,000 jobs. The unemployment rate dropped to 5.4% from 5.9% in June.
US unemployment claims drop by 14,000 to 385,000
The number of Americans seeking unemployment benefits fell last week to 385,000. The applications have mostly fallen steadily since early January.
Bill would send US adults 'guaranteed income' of up to $1,200 per month
A bill proposed by Rep. Ilhan Omar, D-Minn., would send monthly payments of up to $1,200 to adults and $600 to kids following years-long pilot programs.
Walmart to pay 100% of college tuition, books for associates with $1B investment
Walmart launched an updated version of its Live Better U education program and will pay 100% of college tuition and books for its associates.
Tesla reaches milestone with first $1B quarterly profit
The financial milestone announced Monday extended a two-year run of prosperity that has erased questions about Tesla’s long-term viability raised during its early years of losses and production problems.
US unemployment claims rise to 419,000 from a pandemic low
The number of jobless claims increased last week to 419,000, the most in two months, from a pandemic low of 368,000 during the previous week.
Seniors could see largest Social Security cost-of-living adjustment in decades
The Senior Citizens League projects a benefit bump of 6.1% in 2022.
IRS stimulus checks: Petition for additional $2,000 monthly payments nears 3 million
A Change.org petition calling on Congress to send additional $2,000 monthly economic stimulus checks to U.S. families is nearing its goal of three million signatures.
Stocks plunge over delta variant fears; Biden seeks to reassure over economy
Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.
Summer travel, economic recovery driving up gas prices
Drivers are facing pricier fill-ups as more people hit the road for work, travel and other activities that the virus pandemic halted. Higher demand for gasoline is running up against lagging supply as the energy industry slowly ramps up after more than a year of production and staff cuts.