Personal Finance

Chip Somodevilla | Getty Images After months of back-and-forth negotiations, lawmakers on both sides of the aisle agreed on another stimulus package that includes direct payments to many Americans for $600. Then President Donald Trump shocked Washington when he called the package a “disgrace” and suggested he wouldn’t approve of the bill unless the checks were
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Volunteers from Forgotten Harvest food bank at a mobile pantry distribution before Christmas in Warren, Michigan, on Dec. 21, 2020. Emily Elconin | Reuters President Donald Trump signed the $900 billion coronavirus relief bill on Sunday, solidifying another round of aid to Americans. Still, millions of families are staring down a gap in benefits that
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There won’t be $2,000 stimulus checks coming for the holidays. House Republicans blocked an attempt by Democrats on Thursday to pass a standalone bill to raise direct payments to Americans to $2,000 from $600. The push to amend the $900 billion Covid relief bill came after President Trump demanded lawmakers increase the second round of
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Volunteers fill cars with food at a drive through food bank. Aimee Dilger/SOPA Images/LightRocket via Getty Images Benefits ‘cliff’ is inevitable President Donald Trump called the relief bill a “disgrace” on Tuesday, throwing his signature into question. Trump called for $2,000 stimulus checks for individuals, more than the current $600, a policy House Republicans rejected
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Lucy Lambriex People taking advantage of temporary CARES Act rules that allowed for easier loans and distributions from 401(k) retirement plans increased slightly through November, a month before the Dec. 30 cutoff. As many as 1.4 million people have taken a CARES distribution from Fidelity, about 5.7% of participants on their system, according to data
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Getty Images The coronavirus pandemic is slamming the most vulnerable Americans, pushing many into financially precarious situations. The best way to combat the financial fragility that’s brought on by such an event is helping Americans build and maintain an emergency savings fund, according to experts. But most people need the support of the government and
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Although a second stimulus plan is still up in the air, the Federal Reserve is determined to push consumer borrowing costs even lower as the economic recovery takes hold — giving everyday Americans a reason to be optimistic. In addition to holding interest rates near zero, Fed Chairman Jerome Powell said Wednesday the central bank will continue
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Bill Clark | CQ-Roll Call, Inc. | Getty Images The Covid relief bill released Monday by a bipartisan group of senators has many helpful — if temporary — provisions for unemployed workers, according to experts. The relief package — which, if passed, would be the first since the CARES Act in early spring — extends
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Erin Scott | Reuters Capitol Hill lawmakers are wrestling with a big question that’s plagued them for months: How to put together another coronavirus relief package that will garner enough support from both parties. On Monday, a new $908 billion bipartisan proposal aims to do just that, except it lacks one key area of aid
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