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WASHINGTON - Senior Democratic lawmakers are moving to fulfill President Joe Biden's desire to expand the child tax credit by drafting legislation that would direct the Internal Revenue Service to send recurring monthly payments to tens of millions of American families, according to officials who spoke on the condition of anonymity to share knowledge of the internal discussion. Under one draft of the plan being discussed, the IRS would be tasked with depositing checks worth $300 every month per child younger than 6, as well as $250 every month per child aged 6 to 17. That would amount to $3,600...

I received a card in the mail today called an Economic Impact Payment card. It says "Here is your Economic Impact Payment Card enable by Money Network (c). It contains the money you are receiving from the U.S. Department of Treasury under the COVID-related Tax Relief Act of 2020.

U.S. President-elect Joe Biden said Americans need more economic relief from the coronavirus pandemic now and that he will deliver a plan costing “trillions” of dollars next week. He said the proposal includes relief for state and local governments grappling with the pandemic, as well as new support for people who lost their jobs or cannot afford rent. Biden also called for raising the minimum wage to $15, a campaign promise, and for sending out $2,000 in direct cash payments. “We need more direct relief flowing to families, small businesses, including finishing the job of getting people that $2,000 relief...

Word to the wise. While being in debt is not normally a good thing, sometimes it can be wise. Take for instance the Communist Democrats being in power means that inflation will rise. With inflation comes higher prices, which means you need to reconsider certain aspects of your finances to deal with the oncoming higher cost of living.It's inevitable, because of the Democrat's social agenda of higher taxes, increased regulations, higher Federal minimum wage, and their war on the fossil fuels, because of their 100 trillion dollar Green New Deal plans. That is just the things the Democrats are promising...

It is that time again when liberals, sensing the possibility of being in control, are revving up the debt engines. So many things need to be done in a post-COVID world, and there is so little revenue to pay for it. Debt is the way out, they claim.Now is the time to borrow a way out of the crisis. Congress has not even waited for the New Year. Bipartisan efforts are currently underway to negotiate a quick fix for the bargain price of just under a trillion dollars.Debt Addiction Affects EveryoneUnfortunately, debt addiction affects both political parties. Every administration this...

The $600 stimulus checks from the latest Covid relief bill are officially on their way to bank accounts, according to two tweets from Treasury Secretary Steven Mnuchin on Tuesday evening. The checks could arrive as early as tonight for those who have direct deposit, according to Mnuchin. Your stimulus check will come this way if you set up direct deposit with the IRS for your 2019 tax return by providing them with your bank account information. If that information has changed, it will delay the receipt of your stimulus check, according to the IRS. Direct deposits will start Tuesday evening...

Although this article is posted on Newsmax.com, it looks that the originator is the AP. Thus, only posting link: https://www.newsmax.com/t/newsmax/article/1003258/1

House Speaker Nancy Pelosi (D-CA) on Sunday referred to the $2.3 trillion coronavirus relief and government spending bill, which is among the biggest spending bills passed by Congress, a “down payment on what is needed to crush the virus.” Congress passed the massive $2.3 trillion government spending bill, which includes $900 billion for coronavirus relief, last week. President Trump announced Sunday evening that he would sign the bill despite objections to billions in “pork,” as the bill includes billions in foreign aid and benefits for special interests.

The latest indicator of China’s economic woes is the number of credit bonds nationwide that could not be repaid on time—164 of them, involving a sum of 160 billion yuan (about $24.43 billion).Borrowers include state-run enterprises who were previously rated AAA by Chinese bond rating agencies.The Chinese market has three types of bonds: government bonds that were issued by different level governments; credit bonds issued by companies; and convertible bonds, issued by listed companies and which can be converted into shares of common stock in the issuing company or cash of equal value.Chinese state-run media Economic Observer reported the latest...

President-elect Joe Biden on Saturday pressed President Trump to immediately sign a COVID-19 relief bill that is stuck in limbo, blasting what he deemed Trump's "abdication of responsibility." Biden noted that the bill contains provisions for small businesses and extended unemployment benefits, as well as stimulus checks, and could help struggling families as they come up against the pandemic's economic fallout during the holiday season. "It is the day after Christmas, and millions of families don't know if they'll be able to make ends meet because of President Donald Trump's refusal to sign an economic relief bill approved by Congress...

Kyle Griffin @kylegriffin1 New on @MSNBC : House Democrats will attempt to pass a stand-alone bill to provide for $2000 direct payments by unanimous consent on Thursday, NBC News reports, citing a senior Democratic aide.

WASHINGTON - The huge pandemic relief and spending bill includes billions of dollars to promote clean energy such as wind and solar power while sharply reducing over time the use of potent coolants in air conditioners and refrigerators that are considered a major driver of global warming. The energy and climate provisions, supported by lawmakers from both parties, were hailed as the most significant climate change law in at least a decade. The sprawling legislation also extends tax credits for solar and wind power that are a key part of President-elect Joe Biden’s ambitious plan to generate 100 percent “clean...

Several members of Congress are taking to social media to complain about the handful of hours they have to read the 5,593-page spending bill. “5600 pages. Votes allegedly in 6 hours,” Rep. Chip Roy (R-TX) wrote on Twitter about the $2.3 trillion bill. “Neither Democrats nor Republicans should vote for this nonsense. There should be bipartisan rejection of this absurdity,” he added. “Just another bill we have to pass before the American people discover all the goodies that special interests jammed into it over the past week,” Rep. Andy Biggs (R-AZ) said: “It’s not good enough to hear about what’s...

​Millions of Americans who qualify for coronavirus relief funds could see payments as soon as next week, Treasury Secretary Steven Mnuchin said Monday. “The good news is this is a very, very fast way of getting money into the economy. Let me emphasize: People are going to see this money at the beginning of next week,” he said on CNBC. Mnuchin encouraged people who receive the payments — which could be as much as $600 — to spend the money and give the economy a much-needed boost.

"If money really grew on trees, why not give more free money?" Watch...

Last month, China released details of its 14th five-year plan, the outline for how it will double its GDP by 2035, rebalance its economy, attain technological self-reliance, transition to a sustainable economic model, and stage a green industrial revolution to boot. Good luck. In the short time since the plan’s announcement, the country’s biggest-ever IPO (for Jack Ma’s Ant Financial Group) has collapsed, several strategic tech firms have run into financial trouble, and now the country’s national champion chipmaker, Semiconductor Manufacturing International Corporation (SMIC), has been thrown into turmoil by the (apparent) shock resignation of its CEO. China has started...

Two months into fiscal 2021, the federal government has spent nearly twice as much money as it has taken in through revenue after posting a 14th consecutive month of deficit spending.

The question of whether the government should cancel the $1.6 trillion in student debt held by 43 million American adults drifted out of the political debate after the strongest advocates for the idea, Sens. Elizabeth Warren and Bernie Sanders, left the race for the presidential nomination. It's back. That's because President-elect Joe Biden has endorsed canceling at least $10,000 in federally held loans per borrower as a COVID-19 relief measure (Democrats in Congress want to raise the figure to $50,000). Biden also proposes easing payment terms for most borrowers and taking other steps to cut the financial burden for low-income...

Millions of borrowers in the federal student loan program are defaulting on their loans. The Education Department now estimates the cost of student loan losses at more than $400 billion. That exceeds the losses of banks during the sub-prime mortgage crisis. As such, progressives are now pressuring Joe Biden to forgive student debt entirely. The losses in the student loan crisis increase the federal deficit, imposing heavier tax burdens on current as well as future generations. Citizens need to understand why the federal student loan program failed, and what impact this failure has on our society. The federal student loan...

Unless there is emergency intervention, tens of millions of Americans could be facing eviction once the holiday season is over. We kicked the can down the road throughout 2020, but all of the rent that was originally owed to landlords all over the country is still due, and they are very eager to collect. Countless landlords are on the verge of financial ruin because of the rent moratoriums which were put in place, and kicking the can down the road even more would be absolutely disastrous for them. Of course it would also be absolutely disastrous if the moratoriums are...