Stimulus

As major banks started delivering $1,400 stimulus checks this month, the timing of the federal relief payments has aroused concerns among many people who are struggling to make ends meet amid the coronavirus-hobbled economy. The Internal Revenue Service last week said it had delivered 90 million payments worth a combined...Read Full StoryStimulus CheckStimulus BillEconomic StimulusIrsPoliticsBalance Of PaymentsSavings AccountsCurrent AccountsBank AccountsIRSCBS MoneyWatchThe American Rescue PlanTransUnionAmericansWells FargoJoe BidenCharlie Wise

PENDLETON – Oregon’s public schools have hard times ahead as they recover from the pandemic and the restrictions it placed on education. InterMountain Education Service District Superintendent Mark Mulvihill said that can be handled since the biggest worry of his career – funding – is no longer a problem. “The...Read Full StoryEducation And SchoolsPublic MoneyPublic SchoolsPublic FundingPublic FundsPENDLETONThe Oregon LegislatureFunding SchoolsTimeAdequate FundingFederal Stimulus FundsTaxHard TimesMark Mulvihill

With the signing of the American Rescue Plan Act of 2021, college students are getting their own stimulus checks in the third round of pandemic-related aid. Unlike the Coronavirus Aid, Relief, and Economic Security (CARES) Act last spring, which provided one-time payments of $1,200 to independent adults, with an additional $600 for each dependent under 17 years old, the American Rescue Plan Act accounts for adult dependents.Read Full StoryStimulus BillEconomic StimulusStimulus MoneyIncome TaxIncome SupportFirst AidMiami UniversityBeboutStimulus ChecksStudent LoansAdult DependentsPandemic-related AidDepositOne-time PaymentsBills

Do you know the cost of the Covid-19 relief bill that President Joe Biden just signed? It’s the one that includes more stimulus checks, more unemployment benefits and more aid to cities and states. The Congressional Budget Office estimated the price tag at $1.86 trillion over 10 years — but we’ll give you full credit if you guessed “nearly two trillion bucks.” Most news headlines have opted for a nice, round $1.9 trillion.Read Full StoryEconomic StimulusStimulus BillU.s. DebtInfrastructureNational DebtPoliticsPublic HealthU.S. DebtGovernmentIncome TaxU.S. InvestmentFinancial InvestmentCovidDemocratsCBOJoe Biden

Oregon lawmakers are considering a proposal to count forgivable loans from the federal government through the Paycheck Protection Program as taxable income. Lawmakers in Washington, D.C. elected not to tax PPP loans when they passed the CARES Act last year. They also allowed loan recipients to spend the funds on tax-deductible expenses. So, a business is allowed to deduct the loan amount without reporting it as income, creating what some call a 'double-dip.' Some Oregon lawmakers want to remove one of those benefits, but opponents say it's not needed and goes against what Congress intended.Read Full StoryPpp LoanStimulus BillUnemploymentFederal LoansTax RevenueCongressMoneyPPP LoansOregon LawmakersOregon BusinessesLoan RecipientsForgivable LoansIncome TaxesTax BreaksState DataE. Werner ReschkeChristine Drazan

Monday provided two major reasons for optimism about the global pandemic recovery. Driving the news: Real-world data from Israel found that the Pfizer-BioNTech vaccine was at least 97% effective in preventing symptomatic COVID-19 cases, and President Biden signed a $1.9 trillion stimulus bill that the Organization for Economic Co-operation and Development (OECD) projects will add a full percentage point to global economic growth this year.Read Full StoryEconomic StimulusStimulus BillEconomic RecoveryImfPoliticsGlobal Economic GrowthGlobal GrowthGlobal EconomiesGrowth RatesOECDPfizerNovavaxWSJThe World BankThe Federal ReserveKristalina GeorgievaKenneth Rogoff

The Internal Revenue Service is distributing a second batch of stimulus payments with direct deposits expected to hit bank accounts as late as Wednesday. More than 90 million stimulus payments were sent last week in the first batch. 'Today marks the second batch of payments, with additional payments anticipated on...Read Full StoryStimulus BillEconomic StimulusIrsDirect PaymentsBank DepositsBank AccountsTime DepositsThe Treasury DepartmentIRSThe White HouseRailroad Retirement BoardAmericansITINYahoo Finance On TwitterLinkedIn

BENGALURU (Reuters) - Indian shares ended higher on Monday as gains in IT stocks offset losses in banking shares, which slid after fiscal stimulus measures fell short of market expectations, while a major grid failure caused a widespread power outage in the financial hub of Mumbai. The NSE Nifty 50...Economic StimulusMumbaiInfosysGross Domestic ProductBSE SENSEXNational Stock Exchange Of IndiaOffsetRallyingS&P 500 IndexStock TradingStock MarketStock InvestorsNSE NiftyNifty BankTata Consultancy Services Ltd.Nirmala SitharamanPhilip GeorgeRead Full Story

(Reuters) - Australian shares are expected to decline on Wednesday as the mood soured after a United States fiscal stimulus package faced another hurdle and a major drugmaker halted its COVID-19 vaccine trial. The local share price index futures fell 0.9%, a 47.7-point discount to the underlying S&P/ASX 200 index...Index FuturesStimulus PackageShare PriceCOVID-19 VaccineNew ZealandCoronavirus Disease 2019United StatesFiscal StimulusU.S. FuturesPrice IndexS&P / ASXReutersAustralian SharesDiscountRoseRead Full Story

Hundreds of billions of dollars in unused funds from a $2.3 trillion coronavirus aid package could be reallocated to help U.S. households and businesses, Federal Reserve Chair Jerome Powell and Treasury Secretary Steven