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3 mins read
Mitch McConnell says the GOP backs a 2nd round of stimulus checks in its coronavirus relief bill
McConnell's comment brings Republican legislators in line with the Trump administration and Democra…
Joseph Zeballos-Roig,Ben Winck
2 mins read
Bernie Sanders calls out Trump pausing student-loan payments as a reason why Biden's debt relief plan is legal
Trump paused student-loan payments using the same law Biden proposed in his broad debt relief plan.…
Ayelet Sheffey
2 mins read
Republicans in Congress are starting to oppose Biden's $1.9 trillion economic rescue package, dampening odds of smooth passage for new stimulus checks
"Blasting out another $2 trillion in borrowed or printed money.. would be a colossal waste and econ…
Joseph Zeballos-Roig
1 min read
China's Country Garden reportedly misses final deadline for a $15.4 million bond payment
Once China's preeminent property developer, it's stumbled through missed payments and default risks…
Phil Rosen
3 mins read
The White House signals it could get on board with a 2nd round of stimulus checks for Americans
Republicans in Congress and top economic officials in the White House are split on whether to back …
Joseph Zeballos-Roig
4 mins read
Bipartisan group of lawmakers roll out 2 separate stimulus bills containing $908 billion in economic relief, breaking off the most disputed issues in a bid to strike a deal
The latest stimulus plans contain $300 weekly federal unemployment benefits but excludes a second r…
Joseph Zeballos-Roig
3 mins read
Poverty went up in 2020, but stimulus checks and beefed up unemployment benefits were a lifeline for millions of Americans
Stimulus checks lifted 11.7 million people out of poverty in 2020, according to data from the Censu…
Madison Hoff
2 mins read
6 Republican states are suing the Biden administration over student-loan relief calling it 'economically unwise and downright unfair'
Six states claim student-loan relief will hurt tax revenue, that Biden doesn't have the authority t…
Juliana Kaplan
2 mins read
Republican lawmakers just revived a bill to end the student-loan payment pause and block debt cancellation before Biden's relief plan goes to the Supreme Court
"There is no support for the man who didn't go to college but is paying off a work truck," Sen. Cas…
Ayelet Sheffey
3 mins read
Meet the typical student-loan borrower: a millennial woman with a $35,000 balance who wants debt relief
As millions of student-loan borrowers are once again entering repayment, here's what the average Am…
Ayelet Sheffey
3 mins read
Millions of people who received a stimulus check are also getting a signed letter from Trump praising his own economic response
The letter says the Trump administration is "waging total war" on the coronavirus. Critics say the …
Joseph Zeballos-Roig
2 mins read
Airtel and Vodafone surge after reports that government may defer AGR payments
The Indian government has reportedly approved the highly-awaited telecom relief package, offering a…
2 mins read
Biden's White House says the GOP's 'MAGA trickle-down economic plan' will increase student-loan payments and raise inflation for Americans
Ahead of the midterms, the White House said the GOP's plan will "raise costs and make inflation wor…
Ayelet Sheffey
3 mins read
Biden just unveiled a proposal to allow parents with kids under 17 to receive up to $300 in monthly federal payments during the pandemic
The Biden campaign is seeking to build out a tax plan to contrast with President Donald Trump's spa…
Joseph Zeballos-Roig
4 mins read
The Trump administration makes a $1.8 trillion stimulus offer to Democrats, which includes $400 federal unemployment benefits and $1,200 direct payments
Democrats led by House Speaker Nancy Pelosi rebuffed the coronavirus relief plan as it didn't do en…
Joseph Zeballos-Roig
3 mins read
California could 'export inflation' to the rest of the US when it sends up to $10 billion in relief payments this October, a Harvard economist says
Harvard's Jason Furman said California's $10 billion in inflation relief checks could help Californ…
Jacob Zinkula
4 mins read
After relief from Indian government, Vodafone Idea reportedly turns to banks for a loan recast
By opting for the moratorium, Vodafone Idea was able to free up its cash-flow by up to ₹60,000 c…
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
1 min read
China's economic slump means a glass of milk could soon cost a lot less
China plays a pivotal role in the global dairy market, with falling whole milk powder prices reflec…
Zahra Tayeb
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…