Bookmarks (23) clear filters

It wasn’t just the Fed or the stimulus. The rise in savings among white-collar workers created a tide lifting nearly all financial assets.

The $900 billion package provides more relief beyond the $600 checks that have become the focus in Washington.

After calling the measure a “disgrace,” President Trump unexpectedly signed the bill, extending expanded unemployment benefits and an eviction moratorium, and keeping the government open.

Millions of Americans lost crucial unemployment coverage as President Trump continued to criticize the bill that would keep pandemic aid from lapsing.

At least a temporary lapse in expanded unemployment benefits for millions of Americans is now inevitable because of President Trump’s delay in signing a $900 billion pandemic relief bill.

Lawmakers agreed to issue stimulus payments of $600 and distribute a federal unemployment benefit of $300 for 11 weeks. But that money will take time to start arriving.

The emerging compromise would provide emergency stimulus payments, jobless aid and rental assistance, extending help to businesses and funding the distribution of a vaccine. But more is likely to be needed.

Investigators say the payment of benefits claimed with the names of prisoners, including many on death row, “appears to be the most significant fraud on taxpayer funds in California history.”

Emergency federal programs to assist the unemployed in the pandemic will expire at year’s end if there is no congressional action.

Lawmakers approved the measure along party lines, even as Speaker Nancy Pelosi said a late-stage agreement with the administration was still possible.

Thirty-two states have so far signed on to President Trump’s stopgap program to get more money to the jobless. Here’s how it works.

President Trump’s stopgap program to get more money to the jobless is off to a slow start. Here’s how it works.

Democrats said the talks had been “disappointing,” and President Trump promised to use executive orders to provide relief if no agreement could be reached.

Supplemental checks for laid-off workers are set to expire at month’s end. Republicans and Democrats disagree on what to do next.

For millions of people, making a living is a cobbled-together proposition. That leaves a hole in the safety net when things turn bad.

The United States just lost 20 million jobs. The wrong federal response could make those layoffs a permanent fixture of the U.S. economy and sentence thousands of companies to bankruptcy.

“We’ve never had to rely on anyone else,” said one food bank visitor. But now, pushed to the edge of hunger, many unemployed New Jersey residents are asking for help for the first time.