Looking to expand aid, Mayor Jim Kenney announced in early March that the city would budget $50 million for a five-year program to assist low-income households. It would also run […]
Federal Aid (US)
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Back to news homeStates Overpaid Unemployment Benefits and Want Money Back
Unemployment payments that looked like a lifeline may now, for many, become their ruin.Pandemic Unemployment Assistance, a federal program that covers gig workers, part-time hires, seasonal workers and others who […]
States Try to Rescue Small Businesses as U.S. Aid Is Snarled
Kirk Meurer was on track to have one of his best years ever in his business installing office furniture in the Cleveland area. But when companies began sending their workers […]
How Bad Was Virus Aid Fraud? One Banker Was ‘Frustrated With Humanity’
Some of the fraud won’t come to light until the middle or end of next year, when most borrowers will reach their deadline to seek forgiveness or start repaying the […]
A $900 Billion Plan Would Help the Economy, but Not Fix It
The economic recovery, slowing for months, is in danger of going into reverse. That’s why a growing list of economists, business lobbyists and other advocacy groups are urging lawmakers to […]
Coronavirus Pandemic Upends Public Services and Jobs
The coronavirus pandemic has inflicted an economic battering on state and local governments, shrinking tax receipts by hundreds of billions of dollars. Now devastating budget cuts loom, threatening to cripple […]
1 Percent of P.P.P. Borrowers Got Over One-Quarter of the Loan Money
The largest loan in the building went to Atane Engineers, a contractor that changed its name in 2018 after a corruption scandal that culminated when two former top executives pleaded […]
Mnuchin Plans to End Some Emergency Fed Facilities
WASHINGTON — Treasury Secretary Steven Mnuchin said he does not plan to extend several key emergency lending programs beyond the end of the year and asked the Federal Reserve to […]
Economic Demands Test Biden Even Before Inauguration
President-elect Joseph R. Biden Jr.’s first economic test is coming months before Inauguration Day, as a slowing recovery and accelerating coronavirus infections give new urgency to talks on government aid […]
For Millions Deep in Student Loan Debt, Bankruptcy Is No Easy Fix
With two mortgages, three children and $83,000 in student loan debt, the financial strain finally became too much for George A. Johnson and Melanie Raney-Johnson. New bills kept piling up: […]