After what has been several months of debate, negotiation, sabre rattling and compromise, the United States Congress has finally passed a second round of stimulus, making it in under the wire before legislators left D.C. for their holiday break. And those funds, it seems, are...
An update to the U.S. government’s economic report boosted its earlier estimates of growth up by a bit. The economy, as measured by gross domestic product (GDP), grew by about one-third in the third quarter of 2020. Get the Full Story Complete the form to...
U.S. Treasury Secretary Steven Mnuchin told CNBC on Monday (Dec. 21) that Americans should see $600 individual stimulus checks as soon as next week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Facing a hard holiday deadline and the threat of a federal government shutdown, House and Senate negotiators were able to accomplish in six days what they had been unable to do for more than six months: reach a compromise on a COVID-19 stimulus package that...
Independent restaurants that have staggered through the pandemic are running out of time, raising the specter of a wave closings in the next few months, the Wall Street Journal reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The new U.S. government coronavirus relief package will contain $600 direct checks, $300 unemployment benefits per week and aid for small businesses, schools and vaccination plans, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy...
Lawmakers are still debating the size and scope of proposed individual payments and enhanced unemployment benefits in the estimated $908 billion economic stimulus package being hammered out on Capitol Hill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Initial jobless claims for the week that ended Dec. 12 were up 23,000, hitting a high of 885,000 versus 853,000 expected, the U.S Department of Labor reported on Thursday (Dec. 17). The new numbers are roughly four times greater than new claims before the pandemic....
The Federal Reserve has upped its expectations for the end-of-year forecast, now predicting that the real gross domestic product (GDP) will fall by only 2.4 percent, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
