You Searched For "coronavirus economic aid" and got 20 results
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2 mins read
The most effective stimulus bill will boost unemployment benefits and PPP in order to drive economic growth, JPMorgan says
PPP loans were fairly ineffective earlier in the year, but vaccine rollouts can transform the progr…
Ben Winck
1 min read
One alarming chart shows virus cases spiked soon after initial stimulus efforts were exhausted
Key elements of the CARES Act expired in July, just as US virus cases surged and the pace of econom…
Ben Winck
2 mins read
One measure of unemployment suggests Biden's $1.9 trillion stimulus plan could do more harm than good, says one top Wall Street strategist
The labor market has recovered far faster than in past recessions when measuring unemployment with …
Ben Winck
2 mins read
Bank of America lifts its forecast for US economic growth on hopes for sweeping Biden-backed stimulus
The bank's economists expect stronger consumer spending to boost US GDP by 4% in the first quarter …
Ben Winck
10 mins read
How the pandemic upended the US job market in 2020, leaving permanent scars in its wake
Just over half of the 22 million US jobs lost during the pandemic have been regained, but lasting s…
Ben Winck,Juliana Kaplan
2 mins read
US retail sales rose less than expected in October as the economic recovery slowed
The reading marks a sixth straight monthly improvement, although its still a sizable drop from Sept…
Ben Winck
3 mins read
The stimulus-plan compromise backed by top Democrats scraps a fresh wave of $1,200 direct payments that economists want
A group of 127 economists said in a late-November letter that the absence of new payments could pro…
Ben Winck,Joseph Zeballos-Roig
2 mins read
US retail sales rose more than expected in September as the economic recovery picked up
The reading marks the fifth straight month of improvement and shows the pace of spending growth rea…
Ben Winck
2 mins read
Janet Yellen isn't likely to immediately revive the Fed's expired relief programs, report says
Five lending facilities expired at the end of last year after the Treasury called on the Fed to ret…
Ben Winck
3 mins read
Americans used most of their stimulus checks for saving and paying off debt, Fed study shows
If a second round of payments goes out, Americans expect to save more of the cash and use slightly …
Ben Winck
2 mins read
McConnell says 'fourth and final' stimulus bill will be considered by Senate Republicans in roughly one month
McConnell continued to oppose an extension to strengthened unemployment benefits, saying the progra…
Ben Winck
3 mins read
Markets are pricing in a Biden victory and a Democratic Senate to fuel massive stimulus in 2021, JPMorgan says
"There could be some disappointment" if Republicans maintain their Senate majority and curtail Demo…
Ben Winck
3 mins read
A GOP senator's push to stifle Fed lending is the latest example of Republicans hampering stimulus progress
Democrats balked at the GOP senator's request, saying it was a last-minute demand not previously me…
Ben Winck
1 min read
Here's how the government wants to spend $2 trillion to protect the economy from coronavirus' effects
Senators unveiled the full text of the Coronavirus Aid, Relief, and Economic Security Act or "CARES…
Ben Winck,Rosie Perper,Rosie …
2 mins read
US consumer spending leaps as late-December stimulus hits households, Bank of America says
Credit- and debit-card spending gained overall but was considerably higher for those earning less a…
Ben Winck
6 mins read
Inadequate stimulus will create the same risks that crippled the economic recovery following the Great Recession, experts say
Budget shortfalls threaten additional job cuts, gutted social programs, and can cripple states' abi…
Ben Winck,Joseph Zeballos-Roig
2 mins read
Majority of Americans who qualify for coronavirus aid are expected to receive direct deposits by April 15
The roughly $2 trillion bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act inclu…
David Choi
2 mins read
Stimulus checks were delivered faster to wealthy white households than Black and Hispanic families, study says
Where 59% of families with income below the poverty level received their payments, 78% of those ear…
Ben Winck
2 mins read
Dow surges 1,100 points on hopes the $2 trillion coronavirus aid package will soon be approved
It appears that majority leaders are nearing a deal on a $2 trillion coronavirus rescue package aft…
Carmen Reinicke
2 mins read
'If we don't act now, the future will be very bleak': Biden urges Congress to act as prospects rise for a bipartisan stimulus deal
"We're going to need more economic relief to bridge through 2021 until this pandemic and economic c…