JPMorgan: Some customers, employees misused PPP and other COVID-19 stimulus programs
JP Morgan Chase is saying that a number of its employees and customers may have abused the Paycheck Protection Program and other coronavirus stimulus programs.
JP Morgan Chase is saying that a number of its employees and customers may have abused the Paycheck Protection Program and other coronavirus stimulus programs.
'Not free money:' Federal payroll tax 'holiday' starting soon
Workers will still be on the hook for the taxes, which they will have to begin repaying in 2021 -- doubling payroll tax until workers pay back what they deferred.
Workers will still be on the hook for the taxes, which they will have to begin repaying in 2021 -- doubling payroll tax until workers pay back what they deferred.
Study: 52% of young adults forced to move back in with parents amid COVID-19
According to a study done by the Pew Research Center, 52% of young adults have been forced to move back in with their parents or with another person due to the economic and financial impacts of the COVID-19 pandemic.
According to a study done by the Pew Research Center, 52% of young adults have been forced to move back in with their parents or with another person due to the economic and financial impacts of the COVID-19 pandemic.
Even as hiring slows, American unemployment rate falls to 8.4%
The U.S. unemployment rate fell sharply in August to 8.4% from 10.2% even as hiring slowed in August as employers added the fewest jobs since the pandemic began.
The U.S. unemployment rate fell sharply in August to 8.4% from 10.2% even as hiring slowed in August as employers added the fewest jobs since the pandemic began.
A new $300 federal unemployment benefit? Not likely for some
Due to a raft of restrictions and bureaucratic hurdles, more than 1 million unemployed Americans won't receive that $300 check.
Due to a raft of restrictions and bureaucratic hurdles, more than 1 million unemployed Americans won't receive that $300 check.
Unemployment claims fall to 881,000 but layoffs remain elevated
The number of laid-off Americans applying for unemployment benefits fell to roughly 880,000 last week.
The number of laid-off Americans applying for unemployment benefits fell to roughly 880,000 last week.
Budget deficit to hit record $3.3T, putting US debt on track to exceed GDP next year
The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger.
The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger.
Business owners tap into savings to withstand pandemic
Many business owners are tapping the money they socked into personal savings and retirement accounts to survive the coronavirus pandemic.
Many business owners are tapping the money they socked into personal savings and retirement accounts to survive the coronavirus pandemic.
United plans to furlough 16,000 workers, fewer than expected
United Airlines said Wednesday it plans to furlough 16,370 employees in October, down from an earlier target of 36,000 after thousands of workers took early retirement, buyouts, or long-term leaves of absence with the industry facing a slow recovery from the pandemic.
United Airlines said Wednesday it plans to furlough 16,370 employees in October, down from an earlier target of 36,000 after thousands of workers took early retirement, buyouts, or long-term leaves of absence with the industry facing a slow recovery from the pandemic.
Coronavirus pandemic brings hard times for farmers, worsening hunger
The coronavirus pandemic has brought hard times for many farmers and has imperiled food security for many millions both in the cities and the countryside.
The coronavirus pandemic has brought hard times for many farmers and has imperiled food security for many millions both in the cities and the countryside.
Biden retirement proposal would overhaul traditional 401(k) tax benefits
Biden's plan could send high-income earners away from 401k accounts.
Biden's plan could send high-income earners away from 401k accounts.
In college towns, smaller businesses struggle without students
Small business owners in college towns across the U.S. are hoping for the best when students return — and bracing for the worst.
Small business owners in college towns across the U.S. are hoping for the best when students return — and bracing for the worst.
More than 1 million Americans applied for unemployment benefits
Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse.
Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse.
IRS to send 50,000 'catch-up' stimulus checks in September
The wrongly withheld payments will be mailed in early-to-mid September.
The wrongly withheld payments will be mailed in early-to-mid September.
Eliminating payroll tax could deplete Social Security by 2023, chief actuary estimates
Trump has said he could eliminate the tax if he is reelected without undercutting the retirement program or greatly adding to the deficit.
Trump has said he could eliminate the tax if he is reelected without undercutting the retirement program or greatly adding to the deficit.
Millions of jobs lost to coronavirus pandemic could take years to return
The damage inflicted to the jobs market is expected to persist for years, IRS projections show.
The damage inflicted to the jobs market is expected to persist for years, IRS projections show.
Could Americans still receive a second stimulus check? Everything we know
With White House officials and top Democrats at a weeks-long impasse over another coronavirus relief package, Senate Republicans are preparing to unveil their own new proposal — a pared-down version of a previous bill that notably does not include a fresh round of stimulus checks.
With White House officials and top Democrats at a weeks-long impasse over another coronavirus relief package, Senate Republicans are preparing to unveil their own new proposal — a pared-down version of a previous bill that notably does not include a fresh round of stimulus checks.
US unemployment claims jump back above 1 million in face of coronavirus
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
Rise in jobless claims reflects a U.S. economy struggling to recover
The number of workers seeking U.S. unemployment benefits rose back above 1 million last week after two weeks of declines.
The number of workers seeking U.S. unemployment benefits rose back above 1 million last week after two weeks of declines.
IRS to send interest payments averaging $18 to nearly 14 million Americans
The Internal Revenue Service announced Tuesday it will be sending checks averaging $18 each to nearly 14 million Americans.
The Internal Revenue Service announced Tuesday it will be sending checks averaging $18 each to nearly 14 million Americans.