White House, Senate GOP to unveil $1 trillion coronavirus pandemic relief package

The administration’s chief negotiators — White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin — spent the weekend on Capitol Hill to put what Meadows described as “final touches” on the relief bill Senate Majority Leader Mitch McConnell is expected to bring forward Monday afternoon.

More payments, extended benefits:  Inside the GOP's COVID stimulus proposal

The framework is expected to extend — but reduce substantially — just-expired expanded unemployment benefits, send a fresh round of $1,200 stimulus check to American adults earning less than $75,000 in August and funnel tens of billions of dollars in aid to schools and universities.

Business economists sketch a more hopeful outlook

In the past three months, the outlook for the U.S. economy has improved in the eyes of business economists. However, the optimism is couched somewhat by the resurgence of the coronavirus.

Many Americans should be getting $1,200 checks in August, Treasury Secretary says

Treasury Secretary Steve Mnuchin says that many Americans will be getting another $1,200 stimulus check in August. But, he says that the GOP is determined to cut down the $600/week in extra federal unemployment benefits that millions have been getting for months.

US new home sales jump 13.8% in June

The Commerce Department reported Friday that the June gain pushed sales of new homes to a seasonally adjusted annual rate of 776,000. The increase follows a 19.4% jump in May.

White House drops payroll tax cut as GOP unveils virus aid

The White House has dropped a bid to cut Social Security payroll taxes as Republicans unveil a $1 trillion COVID-19 rescue package.

Jobless claims rise as cutoff of extra $600 benefit nears

The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.

Why are coins hard to find during the pandemic?

The Federal Reserve has seen a significant decline of coins in circulation because people are not spending them as regularly at businesses, many of which are either temporarily closed or not accepting cash.

Top Republicans meet with Trump to negotiate next coronavirus stimulus package

Top Republicans in Congress met Monday with President Donald Trump at the White House on the next COVID-19 aid package as the crisis many hoped would have improved has dramatically worsened, just as emergency relief is expiring.

Floridians need to earn $24.43 an hour to afford rent, report shows

The report also states that in order for someone making minimum wage to afford a 1-bedroom rental, they would need to work 92 hours per week. 

Another 1.3 million Americans sought unemployment aid last week

The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, a historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.

Missed the tax deadline? Take these steps now

Here are some steps you can take to keep your penalties to a minimum if you were unable to file by July 15.