Keyword: stimulus
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From direct stimulus payments to unemployment benefits, Americans have received several different forms of financial aid during the pandemic. But a large chunk of that aid - as much as 50% - might not have made it into the hands of the right people. Axios reported on Thursday that unemployment fraud has been on the rise during the pandemic, with Blake Hall, the CEO of ID.me, a fraud-prevention service, telling the news service that America has lost $400 billion to fraudulent claims and that as much as 50% of unemployment claims might have been stolen. The CEO of LexisNexis Risk...
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This morning we got news that there’s a record-high level of job openings in the U.S. right now. This is probably no surprise to many people, as we’ve been inundated with stories about the difficulty that firms are experiencing in terms of hiring. This morning’s National Federation of Independent Business survey showed the same thing, with a record high 48% of companies saying they have unfilled openings. But it’s not just that hiring is strained. Workers are also quitting at increasing rates, at least according to government data. And it’s especially acute in the food industry. Per this morning’s JOLTS...
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There's a new stimulus payment on the way from the IRS. It's part of the massive $1.9 trillion coronavirus relief package signed by President Joe Biden back in March. There's a date for you to circle on your calendar and there's one big difference between the previous payments (for $1,200, $600, and $1,400) that people received earlier this year and this new payment. July 15th is when the next round of money will begin being distributed by the IRS. But that's not the only date that people will receive the money. This new payment is recurring. People who qualify for...
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President Biden on Friday said he’s “very confident” in his chief medical adviser, Dr. Anthony Fauci, despite the release of emails that exposed Fauci’s knowledge of and efforts to tamp down the Wuhan “lab leak” theory to explain the COVID-19 pandemic’s origin. “Yes, I’m very confident in Dr. Fauci,” Biden told reporters as he departed Rehoboth Beach, Del., to return to the White House. Video below: Twitter LinkThe White House has defended the president’s top coronavirus adviser, Dr Anthony Fauci, amid scrutiny of his recently released work emails. And even if it turns out that Fauci is a spy and...
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When President Joe Biden campaigned for the presidency, one of his signature campaign promises was a $1,400 stimulus check. The president delivered, signing the American Rescue Plan Act into law in March and authorizing a third stimulus payment to follow the first two that were issued under the Trump administration...But despite a number of Democrats and millions of Americans calling for a fourth check, the Biden administration has now made clear that fighting for another direct payment is not a priority. ... Jen Psaki explained the White House's position on stimulus checks. "He's happy to hear from a range of...
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The scandal-plagued New York City Housing Authority faces a new obstacle amid an overhaul to finance $40 billion in repairs — it’s running out of cash for its current operations. The agency faces a multi-year budget deficit of more than $1.2 billion between 2022 and 2025 — with annual shortfalls of at least $249 million, according to new budget projections from the City Council and the Independent Budget Office.
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Despite a population that is now more prosperous and more educated by several orders of magnitude, we clearly have become more lazy.To celebrate another $1,400 in stimulus checks, a quickly withdrawn video from Wisconsin Democrats showed people dancing to a catchy rap song with captions of “$$$ IN THE POCKET” and “THANK YOU POTU$.” As Joy Pullmann noted, its release on the same day abysmal job numbers came out was a testament to Democrats’ blindness to economic reality. It also attested to our culture’s devolving expectation of something for nothing.America has definitely changed. Juxtapose that video with images from the...
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In the latest evolution of creeping Universal Basic Income, Biden administration officials said on Monday that a poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the United States, starting in July. The Democratic-backed American Rescue Plan, signed into law by President Joe Biden in March as a response to the coronavirus pandemic, expanded a tax credit available to most parents.Treasury and the IRS also announced the increased CTC payments, will be made on the 15th of each month allowing families who receive the credit by direct...
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Last week Governor Newsom and the Legislature announced an agreement on the proposed Golden State Stimulus, which will provide one-time stimulus payments of $600 to low-income Californians. ... Grant payments for CalWORKS households are expected by mid-April; timing for the delivery of SSI/SSP and CAPI grants is currently under discussion with federal officials.
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Another round of stimulus payments is on the way, the Internal Revenue Service announced. The payments are the ninth batch of Economic Impact Payments from President Joe Biden’s American Rescue Plan. In all, the plan - which includes stimulus payments of up to $1,400 per person - has distributed some 165 million stimulus payments with a value of about $388 billion. The payments began processing on May 7 with a processing date of May 12 with some people receiving direct payments in their accounts earlier as provisional or pending deposits. More than 500,000 of the latest batch of payments went...
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New Jersey Gov. Phil Murphy (D) is planning to provide eligible illegal aliens in his state with up to $1,000 stimulus checks, paid for by the state’s taxpayers. As part of a $275 million budget package, Murphy is offering eligible illegal aliens — those who were unable to secure state and federal relief during the Chinese coronavirus crisis — about $40 million worth of taxpayer-funded aid in the form of one-time stimulus checks.
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CNN recently had a rough day when it conceded realities that underscored why President Joe Biden’s stimulus monstrosity was proving to be a disaster for the economy. CNN co-anchor Brianna Keilar admitted that a “debate erupted this week over the risk of inflation in the U.S” during the May 7 edition of New Day. She juxtaposed her comment with what she called “all the good economic news.” She then tried to undercut concerns by noting Treasury Secretary Janet Yellen “downplaying those risks, saying that interest rates may have to rise a bit to keep the economy from overheating.” However, Keilar...
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Washington has gone nuts. The inmates are running the asylum! pic.twitter.com/51pYXXtTIK— Ted Cruz (@tedcruz) May 6, 2021
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The staggering rise of U.S. home prices is forcing thousands of aspiring buyers into grueling, often risky bidding wars, raising questions about whether the torrid housing market could be in a bubble. For nearly a year, the combination of low mortgage rates, a flood federal stimulus, lockdowns and teleworking — all sparked by the coronavirus pandemic — has fueled a rapid increase in demand for houses. At the same time, COVID-19 exacerbated an already severe housing shortfall by causing major delays in new home construction and kept some potential sellers on the sidelines because they were afraid to let strangers...
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Of one the many taxes Biden plans to raise, in part to pay for a $2.3 trillion “American Jobs Plan” that would be tossed on top of eight or so trillion in extraordinary spending already planned, Biden assured us, “This will only affect three-tenths of 1% of all Americans.” That’s the oldest trick in the book in California: start with taxes supposedly limited to the top and then expand them to the middle class. If you don’t believe me, just ask the waves of “rich” middle-class Californians packing their belongings in U-Hauls and fleeing. “Let’s end our exhausting war over...
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Did anyone else just receive a letter from the Treasury Department but signed by Biden, trumpeting the American Rescue (aka Deficit Explosion) Plan? He is very pleased to have sent me my $75.88. I feel like circling the amount, writing "Thanks a lot, pal" and sending it back to him, but i'm afraid I'll be audited.
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MOBILE COUNTY, Ala (WALA) -- As COVID restrictions continue to be loosened, there is a major problem affecting many restaurants in the area. It is a staffing problem. “It seems like nobody wants to work these days,” said Maurice White, Owner of Big White Wings in Prichard. White hired one person recently, but is still searching for six more. “Very frustrating when you know the bills are coming and you’re not making the money to accommodate the bills coming cause the bills are not stopping,” he said. While the signature Stupid Fries and wings continue to draw crowds, White says...
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A USPS mailwoman has been savagely beaten by two women who were accused of trying to rob stimulus checks from her van in Flint, Michigan. Footage shows the two women pounding the postal worker over the back of the head as they wrestle with her in the street, just yards away from a USPS truck which has a badly dented hood. 'Bruh y'all hit the mailman, they trying to get that stimulus,' the man recording the assault is heard saying.
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The Biden administration next week will launch a funeral assistance program that will provide up to $9,000 to cover the burial costs of each American who died of covid-19 — the largest program of its type ever offered by the federal government. The program is open to families regardless of their income, as long as they show documentation and have not already received similar benefits through another program.
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Despite President Biden using an example of a collapsing bridge as a highlight of his pitch for his $2.6 trillion infrastructure proposal, only 5% of the money would be spent on building and repairing roads and bridges. Fox News' White House correspondent Peter Doocy asked Press Secretary Jen Psaki why so little was allocated to this purpose. "We're trying to foster public support for the President's plan," she said. "As we learned from the COVID pandemic, raising the public's level of fear is a very persuasive tool. Crumbing pavement and decrepit bridges tap into this natural fear response in a...
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