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2 mins read

If there's a recession, don't count on the government to come to the rescue with stimulus checks and boosted unemployment benefits

The government unleashed stimulus in each of the last three recessions. With inflation at four-deca…

Ben Winck,Joseph Zeballos-Roig   


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3 mins read

It's 'the hungriest summer in recent history' after Washington cut off stimulus and inflation rages on

Americans are getting back to work and even securing higher wages, but inflation and government aid…

Jason Lalljee   


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1 min read

CreditNinja, which has charged loan customers an interest rate of 447%, is complaining that their $1 million PPP loan forgiveness request was rejected

CreditNinja, a broker which has given loans with interest rates as high as 447%, believes the SBA s…

Azmi Haroun   


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2 mins read

Hundreds of thousands of Americans have signed a petition calling for $2,000 monthly stimulus checks in the wake of the Delta variant

So far there have been three stimulus checks. It's unclear whether there will be a fourth, but the …

Yelena Dzhanova   


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2 mins read

Stimulus checks spurred nearly 50% declines in pandemic-era food shortages and financial worries, study shows

The checks' deliveries even coincided with improved mental health, with recipients reporting drops …

Ben Winck   


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1 min read

Trump nearly torpedoed his own stimulus package to get revenge on Mitch McConnell after the 2020 election, book says

Trump made a last-minute demand for $2,000 stimulus checks, an amount he knew McConnell and Senate …

Joseph Zeballos-Roig   


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2 mins read

Pelosi scraps new coronavirus aid from government funding bill after Democrats revolt over states losing Biden stimulus cash

Democrats were forced to eject $15 billion in new coronavirus relief funding after a last-minute bl…

Joseph Zeballos-Roig   


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2 mins read

Four states dole out direct payments to residents as fourth stimulus check remains unlikely

Four states - California, Florida, New Mexico, Tennessee - have allocated funds to provide direct p…

Yelena Dzhanova   


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8 mins read

Biden is splitting with Obama on the economy and the proof is in their stimulus plans

"This is just incredibly different," said Obama DOL veteran Heidi Shierholz. "If my 2010 self could…

Ben Winck,Juliana Kaplan   


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2 mins read

Over 156 million stimulus checks have gone out from the latest stimulus - fulfilling a key 100-day goal for Biden ahead of schedule

Roughly 25 million direct payments went out in the latest batch, the IRS said, amounting to $372 bi…

Ben Winck   


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4 mins read

Jamie Dimon laid out 3 reasons the economy is so hard to explain right now

Stimulus, the war in Ukraine, and Fed tightening "present completely different circumstances" than …

Ben Winck   


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2 mins read

Almost half of Americans used the $1,400 stimulus checks to pay off debt

Former Fed economist Claudia Sahm recently published a paper looking at how the third round of stim…

Madison Hoff   


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2 mins read

A petition for monthly $2,000 stimulus checks hit 3 million signatures while the odds of additional direct payments are slimmer than ever

Americans have received three rounds of stimulus checks so far, and while they've been hugely popul…

Ayelet Sheffey,Joseph Zeballos-Roig   


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2 mins read

Biden's $1.9 trillion stimulus could drastically cut poverty, studies say

Two studies found the stimulus could halve child and shrink poverty rates in 2021 by a third, but a…

Juliana Kaplan   


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4 mins read

The $5 trillion in pandemic-era stimulus is more than triple Great Recession-era aid - and suggests a permanent shift in the way Congress spends

The $2.2 trillion CARES Act and President Donald Trump's $1.9 trillion tax cut also signify Congres…

Ben Winck   


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5 mins read

Joseph Zeballos-Roig   


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2 mins read

Top House Democrat unveils plan to establish universal paid family and medical leave programs

The proposal from Massachusetts Rep. Richard Neal would also make permanent a $300 monthly check pr…

Joseph Zeballos-Roig   


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5 mins read

7 ways America's economy could change forever under Biden, from a top economics professor

Biden's spending plans suggest economic policy will now focus more on maximum employment and less o…

Ben Winck   


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2 mins read

Americans are using a record-low portion of their disposable income to pay down debt

The level of household income being used to service debt just hit a record low, the Federal Reserve…

Joseph Zeballos-Roig,Andy Kiersz   


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2 mins read

Laid-off workers are scoring early wins in lawsuits against GOP governors attempting to cut off federal jobless aid

Jobless workers in Indiana and Maryland temporarily won back federal unemployment - but the victori…

Juliana Kaplan,Joseph Zeballos-Roig