Articles for Stimulus Payments

If we could take politics out of economic stimulus programs, what would happen?
9 months, 3 weeks ago

If we could take politics out of economic stimulus programs, what would happen?

ABC  

Inflation is high but falling. RBA officials have tweaked that for Australian conditions to say Australia's economy is in a "Sahm recession" when the moving average of the unemployment rate increases by 0.75 percentage points above its recent low point. Commonwealth Bank economist Gareth Aird says the trend unemployment rate is already 0.5 percentage points above its lowest recorded level …

Economy Payments Economic Growth Unemployment Economic Stimulus Rate
Free money is coming to Californians to offset high gas prices. Will it also come with a tax bill?
2 years, 2 months ago

Free money is coming to Californians to offset high gas prices. Will it also come with a tax bill?

LA Times  

To help ease the pain of high gasoline prices, eligible Californians will start receiving tax refunds of $200 to $1,050 Friday under a budget deal approved by the Legislature and signed by Gov. The stated purpose of the $9-billion “Middle Class Tax Refund” is to offset high gasoline prices, although under the deal the money will go to people who …

Taxes Payments Income California High Federal 2020
Australia's economic decline smaller than feared during latest east coast COVID lockdowns
3 years ago

Australia's economic decline smaller than feared during latest east coast COVID lockdowns

ABC  

Australia's economy has recorded its third-biggest fall on record, as COVID lockdowns shut economic activity across the mainland's south-east. Key points: Australia's GDP fell 1.9 per cent in the September quarter, but economists had expected a 2.7 per cent slide A 4.8 per cent slump in household spending led the drop, due to lockdowns across the south-east Household saving rose …

Business Economy Economic Spending Cent Quarter Sydney
These Billionaires Received Taxpayer-Funded Stimulus Checks During the Pandemic
3 years, 1 month ago

These Billionaires Received Taxpayer-Funded Stimulus Checks During the Pandemic

Huff Post  

LOADING ERROR LOADING In March 2020, as the first wave of coronavirus infections all but shut down the U.S. economy, Congress responded with rare speed, passing a $2.2 trillion relief package called the CARES Act. Congress used a simple filter to determine who was eligible for assistance: The full $1,200 was limited to single taxpayers who’d reported $75,000 a year …

Tax Congress Income Stimulus Billion Received Irs
Despite Pandemic, Poverty Declined Thanks To Stimulus Checks
3 years, 3 months ago

Despite Pandemic, Poverty Declined Thanks To Stimulus Checks

Huff Post  

LOADING ERROR LOADING The coronavirus pandemic threw millions of Americans into unemployment last year, leading to the first drop in household income from work since 2011, according to a new report from the U.S. Census Bureau. But even though the official poverty rate also increased, a supplementary measure that accounts for stimulus payments found that poverty actually fell while incomes …

Health Poverty Insurance Payments States Congress Health Insurance
If the economy's in recession, shouldn't stimulus payments be automatic?
3 years, 3 months ago

If the economy's in recession, shouldn't stimulus payments be automatic?

ABC  

Your economy hits a rough patch and some people start losing their jobs. She said the payments could be triggered by an increase in the unemployment rate, and then she introduced her "rule": "The direct stimulus payments to individuals begin after a 0.5 percentage point increase or more in the three-month moving average of the unemployment rate relative to its …

Economy Canada Unemployment Conservative Party Rate Rule Recession
Chime is giving customers early access to billions in stimulus checks
3 years, 9 months ago

Chime is giving customers early access to billions in stimulus checks

CNN  

New York CNN Business — Big banks face competition from startup challengers on fees, apps and direct deposits. By Monday afternoon, Chime, the most valuable US consumer fintech startup, had already made about $3.5 billion in stimulus payments to more than a million customers, the startup told CNN Business. Well, it means a lot if you’re living paycheck to paycheck, …

Payments Startup Bank Stimulus Early Banks Customers
Stimulus payment: Here’s why your check may still be pending
3 years, 9 months ago

Stimulus payment: Here’s why your check may still be pending

CNN  

New York CNN Business — Some Americans are seeing their stimulus checks pending in their bank accounts, and they’re complaining about banks holding their stimulus direct deposits. “Customers who are eligible to receive direct deposit of their stimulus payment may expect it as soon as March 17, 2021,” Wells Fargo tweeted Friday. — 🎶SifiChick Ingvar 🎵 @ 🏡 March 13, …

Payments Bank Payment Stimulus Stimulus Payments Stimulus Payment
Coronavirus stimulus payments from $US1.9 trillion Biden relief package to hit US bank accounts this weekend
3 years, 9 months ago

Coronavirus stimulus payments from $US1.9 trillion Biden relief package to hit US bank accounts this weekend

ABC  

Americans will see the first direct deposits from President Joe Biden's $US1.9 trillion COVID-19 relief package hit their bank accounts this weekend, according to Treasury and Internal Revenue Service officials. Key points: The stimulus payments will help 160 million US households A family of four will receive up to $7,200 in stimulus payments Coronavirus kills an average of 1,400 Americans …

Tax Payments Stimulus Biden Irs Stimulus Payments