U.S. Readies Small-Business Grants as P.P.P. Nears End

New programs for restaurants and live-event businesses will soon start taking applications as the Paycheck Protection Program winds down.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #federal-aid-us, #food-trucks-and-vendors, #national-independent-venue-assn, #restaurants, #small-business, #small-business-administration

0

Cultural Venues’ Quest for Billions in Federal Aid Is Halted by Glitch

On the first day nightclubs, movie theaters and other arts organizations hurt by the pandemic could apply for $16 billion in federal aid, the system malfunctioned. No applications got through.

#coronavirus-2019-ncov, #coronavirus-reopenings, #culture-arts, #federal-aid-us, #music, #quarantine-life-and-culture, #shutdowns-institutional, #shuttered-venue-operators-grant, #small-business, #small-business-administration, #stimulus-economic

0

Billions in New Obamacare Subsidies Are Now Available on Healthcare.gov

Nearly everyone with a marketplace health plan can seek more financial help. Many uninsured Americans and people who buy their insurance elsewhere can also benefit.

#federal-aid-us, #health-insurance-and-managed-care, #healthcare-gov, #patient-protection-and-affordable-care-act-2010

0

The Only Thing That Can Really Save the Subway: Riders

Billions of dollars in federal aid have pulled New York’s transit agency from the depths of its fiscal crisis. But a growing consensus that its ridership may never return entirely threatens its future.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #coronavirus-risks-and-safety-concerns, #federal-aid-us, #foye-patrick-j, #new-york-city, #partnership-for-new-york-city, #prices-fares-fees-and-rates, #subways, #transportation, #wylde-kathryn-s

0

How the U.S. Got It (Mostly) Right in the Economy’s Rescue

Though the recession has been painful, policymakers cushioned the pandemic’s blow and opened the way to recovery.

#american-rescue-plan-2021, #black-people, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-aid-us, #federal-reserve-system, #interest-rates, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #republican-party, #shutdowns-institutional, #stimulus-economic, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Biden Stimulus Package Helps Mass Transit Avoid Doomsday Cuts

President Biden’s sweeping stimulus package includes the largest single infusion of federal aid that public transportation has ever received, allowing agencies to scrap plans for draconian cuts.

#american-rescue-plan-2021, #citizens-budget-commission, #commuting, #coronavirus-2019-ncov, #federal-aid-us, #foye-patrick-j, #infrastructure-public-works, #metropolitan-transportation-authority, #partnership-for-new-york-city, #schumer-charles-e, #subways, #transit-systems, #transportation, #transportation-department-us, #united-states, #wylde-kathryn-s

0

Congress Clears $1.9 Trillion Aid Bill, Sending It to Biden

The sweeping legislation had no support from Republican lawmakers, who called it bloated and unaffordable. It will deliver emergency aid and broader assistance to low- and middle-income Americans.

#american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #federal-aid-us, #house-of-representatives, #republican-party, #stimulus-economic, #tax-credits-deductions-and-exemptions, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Inflation Fear Lurks, Even as Officials Say Not to Worry

Prices have yet to show much movement, but the prospect of an unbridled economy’s surging back from the pandemic has unsettled the markets.

#american-rescue-plan-2021, #federal-aid-us, #federal-reserve-system, #inflation-economics, #prices-fares-fees-and-rates, #stimulus-economic, #stocks-and-bonds, #united-states-economy

0

Virus Did Not Bring Financial Rout That Many States Feared

Grim forecasts held up for a few states, but many took in about as much tax revenue as before the pandemic — sometimes a lot more.

#brookings-institution, #coronavirus-2019-ncov, #federal-aid-us, #federal-budget-us, #income-tax, #layoffs-and-job-reductions, #republican-party, #sales-and-excise-taxes, #states-us, #stimulus-economic, #tax-policy-center, #taxation, #united-states-politics-and-government

0

Stimulus Checks Helped Personal Income Surge in January

Personal income and spending both surged in January as a new round of government checks hit Americans’ bank accounts.

#commerce-department, #consumer-behavior, #coronavirus-2019-ncov, #federal-aid-us, #income, #inflation-economics, #recession-and-depression, #stimulus-economic, #united-states-economy

0

F.C.C. Broadband Plan Includes $50 Monthly Subsidy for Millions

A proposal released by the acting chairwoman of the commission is an attempt to close the digital divide.

#computers-and-the-internet, #coronavirus-2019-ncov, #e-learning, #federal-aid-us, #federal-communications-commission, #income-inequality, #rosenworcel-jessica, #telephones-and-telecommunications

0

F.C.C. Approves a $50 Monthly High-Speed Internet Subsidy

The money, aimed at low-income households, is part of an effort to bridge the access gap to broadband connectivity amid the pandemic.

#computers-and-the-internet, #coronavirus-2019-ncov, #federal-aid-us, #federal-communications-commission, #rosenworcel-jessica, #rural-areas, #telephones-and-telecommunications

0

Mitt Romney Has a Plan, and Joe Biden Should Borrow From It

Child poverty requires a permanent fix.

#coronavirus-2019-ncov, #families-and-family-life, #federal-aid-us, #poverty, #united-states-economy

0

Biden Changes P.P.P. Rules for Self-Employed People, Pauses Some Applications

A more generous loan formula for solo ventures is meant to get more very small businesses into the Paycheck Protection Program. But bigger applicants face a two-week pause.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #freelancing-self-employment-and-independent-contracting, #minorities, #small-business, #small-business-administration, #united-states-politics-and-government

0

N.Y.C. Staves Off Cuts to Public Transit, Despite Dire Warnings

Transit officials are expected to announce on Thursday that they will not slash bus or subway service through 2022.

#citizens-budget-commission, #congestion-pricing, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #manhattan-institute, #metropolitan-transportation-authority, #new-york-city, #reinvent-albany, #subways, #transit-systems

0

Should the Feds Guarantee You a Job?

Not long ago, the question was rarely asked. Now, politicians and economists of various stripes are willing to consider it.

#economics-theory-and-philosophy, #federal-aid-us, #government-employees, #labor-and-jobs, #law-and-legislation, #unemployment, #united-states-economy, #vocational-training

0

Dip in Unemployment Claims Offers Hope as New Virus Cases Ease

With restrictions lifting, workers in industries hard hit by the pandemic are getting a respite from layoffs, and job postings are increasing.

#coronavirus-2019-ncov, #federal-aid-us, #hiring-and-promotion, #labor-and-jobs, #labor-department-us, #unemployment, #unemployment-insurance, #united-states-economy

0

West Virginia Has Everyone’s Attention. What Does It Really Need?

With the right federal response, it could become a model of renewal for other places around the country that prosperity has left behind.

#area-planning-and-renewal, #economic-conditions-and-trends, #federal-aid-us, #income-inequality, #infrastructure-public-works, #manchin-joe-iii, #rural-areas, #stimulus-economic, #west-virginia

0

Pandemic’s Toll on Housing: Falling Behind, Doubling Up

Eviction moratoriums don’t keep arrears from piling up, and aid to renters may not reach the most vulnerable.

#coronavirus-2019-ncov, #evictions, #federal-aid-us, #landlords, #law-and-legislation, #nonprofit-organizations, #poverty, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #united-states

0

January 2021 Jobs Report: Outlook for Economic Recovery Dims

With a gain of 49,000 jobs in January, and with few of those in the private sector, the labor market offers little relief to the nearly 10 million Americans who are unemployed.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-aid-us, #labor-and-jobs, #labor-department-us, #recession-and-depression, #unemployment, #united-states-economy, #united-states-politics-and-government

0

Federal Aid for Closed Cultural Venues Will Be a Race for Cash

Tens of thousands of eligible music clubs, theaters, museums and other spaces may overwhelm a $15 billion grant fund run by the Small Business Administration.

#cornyn-john, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #culture-arts, #federal-aid-us, #music, #national-independent-venue-assn, #quarantine-life-and-culture, #shutdowns-institutional, #shuttered-venue-operators-grant, #small-business, #small-business-administration, #stimulus-economic, #theater, #united-states-economy, #united-states-politics-and-government

0

Biden to Free Up Billions in Delayed Puerto Rico Storm Aid

The administration plans to release $1.3 billion that was meant to help Puerto Rico rebuild after Hurricane Maria in 2017, and will remove restrictions on another $4.9 billion.

#biden-joseph-r-jr, #environment, #federal-aid-us, #global-warming, #greenhouse-gas-emissions, #housing-and-urban-development-department, #humanitarian-aid, #hurricane-maria-2017, #puerto-rico, #trump-donald-j, #united-states-politics-and-government

0

PPP Aid to Small Businesses: How Much Did $500 Billion Help?

Some economists say the Paycheck Protection Program has not proved as useful as other aid. The debate could sway the new administration’s plans.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #law-and-legislation, #layoffs-and-job-reductions, #recession-and-depression, #shutdowns-institutional, #small-business, #stimulus-economic, #united-states-economy

0

How Covid-19 Threatens Native Languages

The average age of Lakota and Dakota speakers is 70. We are running out of time to save them.

#coronavirus-2019-ncov, #federal-aid-us, #lakota, #language-and-languages, #native-americans, #north-dakota, #south-dakota, #united-states-politics-and-government, #vaccination-and-immunization

0

Buttigieg’s Climate Promises: What Could He Actually Do?

The Transportation Department, which holds sway over planes, trains and automobiles, faces limits on how it spends money. Still, here are five possible steps.

#air-pollution, #appointments-and-executive-changes, #automobiles, #buttigieg-pete-1982, #electric-and-hybrid-vehicles, #environment, #federal-aid-us, #fuel-efficiency, #fuel-emissions-transportation, #global-warming, #greenhouse-gas-emissions, #infrastructure-public-works, #law-and-legislation, #roads-and-traffic, #transit-systems, #transportation, #transportation-department-us, #united-states-politics-and-government

0

Continuing Job Losses Put Spotlight on Economic Relief

Relentless unemployment claims show the pandemic’s grip on the labor market. Help from the recent stimulus bill may lapse before an upturn arrives.

#federal-aid-us, #labor-and-jobs, #labor-department-us, #law-and-legislation, #layoffs-and-job-reductions, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

0

Biden and Obamacare: One Sentence in Stimulus Plan Reveals Health Care Approach

An increase in subsidies could drive millions to enroll in Obamacare marketplaces, experts say.

#biden-joseph-r-jr, #federal-aid-us, #health-insurance-and-managed-care, #law-and-legislation, #patient-protection-and-affordable-care-act-2010, #united-states-politics-and-government

0

One Sentence in Biden Stimulus Plan Reveals His Health Care Approach

An increase in subsidies could drive millions to enroll in Obamacare marketplaces, experts say.

#biden-joseph-r-jr, #federal-aid-us, #health-insurance-and-managed-care, #law-and-legislation, #patient-protection-and-affordable-care-act-2010, #united-states-politics-and-government

0

Trump Tried to End Federal Arts Funding. Instead, It Grew.

Each year, President Trump’s proposed federal budget eliminated funding for the National Endowment for the Arts. But the agency survived, largely by relying on bipartisan support in Congress.

#carter-mary-anne, #culture-arts, #endowments, #federal-aid-us, #federal-budget-us, #house-of-representatives, #national-endowment-for-the-arts, #senate, #trump-donald-j, #united-states-politics-and-government

0

Unemployment Claims Rise Sharply, Showing New Economic Pain

Weekly filings for jobless benefits hit the highest level since July as the pandemic’s resurgence batters the service industry.

#coronavirus-2019-ncov, #federal-aid-us, #labor-and-jobs, #labor-department-us, #states-us, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

0

PPP Loans Q&A: Who Qualifies for a Second Round?

The hardest-hit owners will be eligible for another loan from the Paycheck Protection Program.

#coronavirus-2019-ncov, #federal-aid-us, #small-business, #small-business-administration, #stimulus-economic

0

‘It Was a Joke’: Some Small Businesses Got $1 Relief Loans

Sole proprietors were eligible for loans under the Paycheck Protection Program only if they were profitable, but many got tiny loans because of the way rules were written.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #internal-revenue-service, #small-business, #small-business-administration, #stimulus-economic

0

December Jobs Report: Recovery Goes Into Reverse

U.S. employment fell by 140,000 in December as virus cases surged. Leisure and hospitality businesses were hit hard, but some industries showed growth.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-aid-us, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #shutdowns-institutional, #trump-donald-j, #unemployment, #united-states-economy

0

When Can I Apply for a P.P.P. Loan?

A small group of lenders that focus on underserved borrowers will get priority when the Paycheck Protection Program resumes.

#banking-and-financial-institutions, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #minorities, #small-business, #small-business-administration, #stimulus-economic

0

What Schumer’s Rise to Senate Majority Leader Means for New York

Senator Chuck Schumer is poised to become the state’s first Senate majority leader, putting New York in position to reap the benefits.

#appointments-and-executive-changes, #democratic-party, #federal-aid-us, #infrastructure-public-works, #new-york-state, #schumer-charles-e, #senate, #united-states-politics-and-government

0

Even With $900 Billion Stimulus, Biden Faces Fragile Economy

Despite new pandemic aid, he confronts an economic crisis unlike any since he last entered office in 2009. And political headwinds have only stiffened.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-aid-us, #income-inequality, #presidential-transition-us, #recession-and-depression, #republican-party, #senate, #stimulus-economic, #united-states-economy, #white-house-council-of-economic-advisers

0

FAFSA’s Expected Family Contribution Is Going Away. Good Riddance.

The dollar figure that the federal financial aid form spits out has long left families confused and despondent. And then, there are those great expectations.

#colleges-and-universities, #education-department-us, #federal-aid-us, #financial-aid-education, #goldrick-rab-sara, #parenting, #personal-finances

0

Kentucky Hurting While Awaiting Federal Pandemic Aid

Urban and rural fortunes diverge in the state, with the pandemic compounding troubles that predated it.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #federal-aid-us, #government-employees, #kentucky, #labor-and-jobs, #layoffs-and-job-reductions, #local-government, #mcconnell-mitch, #paul-rand, #stimulus-economic, #unemployment

0

Trump Signs Pandemic Relief Bill After Unemployment Aid Lapses

After calling the measure a “disgrace,” President Trump abruptly signed it, extending expanded unemployment benefits and an eviction moratorium, and averting a government shutdown.

#budgets-and-budgeting, #coronavirus-2019-ncov, #federal-aid-us, #law-and-legislation, #real-estate-and-housing-residential, #stimulus-economic, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Stimulus in Limbo, but Not the Rent or Utility Bills

Financially pressed Americans looked forward to extended unemployment benefits and a $600 check. Now they are waiting to see if the president will sign the stimulus bill.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-aid-us, #house-of-representatives, #layoffs-and-job-reductions, #republican-party, #senate, #stimulus-economic, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

New Signs of Economic Distress Emerge as Trump Imperils Aid Deal

A decline in consumer income and spending poses a further challenge to the recovery as jobless claims remain high and benefits approach a cutoff.

#commerce-department, #consumer-behavior, #coronavirus-2019-ncov, #federal-aid-us, #income, #labor-and-jobs, #labor-department-us, #law-and-legislation, #layoffs-and-job-reductions, #stimulus-economic, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy

0

Here’s What’s In The Second Stimulus Package

Smaller stimulus checks, targeted aid for small businesses, and funding to buy and distribute vaccines are among the main components of the latest pandemic relief package.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #house-of-representatives, #law-and-legislation, #nursing-homes, #senate, #united-states, #united-states-politics-and-government, #vaccination-and-immunization

0

Treasury Department’s Top Levels Were Breached in Russia Hack

Russian hackers appear to have attacked systems for senior officials of the department.

#biden-joseph-r-jr, #conway-ron, #cyberattacks-and-hackers, #federal-aid-us, #gross-william-h, #mnuchin-steven-t, #schwarzman-stephen-a, #smythe-christie, #stimulus-economic, #tesla-motors-inc, #treasury-department

0

Coronavirus Deal Would Give Small Businesses a Shot at Second PPP Loan

The stimulus package being negotiated in Washington includes $285 billion for a renewed Paycheck Protection Program.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #small-business, #stimulus-economic

0

Stimulus Deal Provides Economic Relief, for Now

The aid package will keep millions from losing jobless benefits. But it comes too late to prevent lasting damage to many families and businesses.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #house-of-representatives, #labor-and-jobs, #law-and-legislation, #layoffs-and-job-reductions, #recession-and-depression, #senate, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

0

College Financial Aid Applications Drop in 2020

The pandemic has already led to one “lost class” of freshmen. The low rate of completing the financial aid form may signal another.

#colleges-and-universities, #content-type-service, #coronavirus-2019-ncov, #education-k-12, #fafsa, #federal-aid-us, #financial-aid-education, #scholarships-and-fellowships

0

Why Some States Are Predicting Higher Revenue Amid Job Losses

As the pandemic batters the poor, the rich prop up state budgets.

#budgets-and-budgeting, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #income-inequality, #politics-and-government, #states-us, #stimulus-economic, #united-states-economy

0

Staring Down Deadline, Congress Nears $900 Billion Stimulus Deal

The emerging compromise would provide emergency stimulus payments, jobless aid and rental assistance, extending help to businesses and funding the distribution of a vaccine. But more is likely to be needed.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #federal-aid-us, #house-of-representatives, #manchin-joe-iii, #mnuchin-steven-t, #pelosi-nancy, #republican-party, #schumer-charles-e, #senate, #stimulus-economic, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Use It or Lose It: Tenant Aid Effort Nears a Federal Cutoff

Emergency pandemic funding to help renters must be distributed by Dec. 30. But getting the money to those who need it is no small task.

#coronavirus-aid-relief-and-economic-security-act-2020, #evictions, #federal-aid-us, #landlords, #nonprofit-organizations, #philadelphia-pa, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #states-us, #urban-areas

0

States Overpaid Unemployment Benefits and Want Money Back

A pandemic relief program allows no forgiveness of overpayments, even when recipients are not at fault and the funds are already spent.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #freelancing-self-employment-and-independent-contracting, #layoffs-and-job-reductions, #personal-finances, #unemployment, #unemployment-insurance, #united-states-economy

0