Tag: stimulus package

Retail on the Rebound? Trump Touts 17.7 Percent Boost in May Retail Sales—Conveniently Ignoring April’s Record Drop

Photo: Doug Mills (Pool/Getty Images) It’s safe to say that the retail landscape as we once knew it will not recover with a COVID-19 vaccine—in fact, much of it was on the decline well before the coronavirus reached our shores, with traditional brick-and-mortar locations proving unable to keep up with the increase in online shopping. […]

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EU Considers $22 Billion Electric Vehicle Stimulus, U.S. Mulls Cash-for-clunkers Redux

<img data-attachment-id="1697262" data-permalink="https://www.thetruthaboutcars.com/2019/11/volkswagen-boosts-tech-spending-to-66-billion-over-five-years/shutterstock_1553553155-2/" data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/11/shutterstock_1553553155-2.jpg" data-orig-size="1000,667" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="vw ev charging volkswagen logo" data-image-description=" nrqemi/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/11/shutterstock_1553553155-2-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/11/shutterstock_1553553155-2-610×407.jpg” class=”aligncenter size-large wp-image-1697262″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/11/shutterstock_1553553155-2-610×407.jpg” alt width=”610″ height=”407″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/11/shutterstock_1553553155-2-610×407.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/11/shutterstock_1553553155-2-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/11/shutterstock_1553553155-2-450×300.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/11/shutterstock_1553553155-2-768×512.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/11/shutterstock_1553553155-2-120×80.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/11/shutterstock_1553553155-2.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> The European Commission is reportedly preparing an economic stimulus package aimed at helping the EU […]

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Shake Shack Returns $10 Million in Relief Funds and Asks That Small Businesses Be Given More Access

Photo: Scott Olson (Getty Images) The Paycheck Protection Program was included as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act and was touted as a relief fund aimed at bailing out small businesses and nonprofits and helping them pay their workers during the coronavirus pandemic. But since the $349 billion stimulus package […]

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IG Honey Steve Mnuchin Believes $1,200 Stimulus Check Should Last Americans 10 Weeks

Steven Mnuchin and his wife Louise Linton are greeted upon arrival on the platform of the US Capitol in Washington, DC, on January 20, 2017.Photo: Mandel Ngan (Getty Images) Secretary of Treasury Steve Mnuchin’s wife Buffy, (OK, I don’t know her name but Buffy seems fitting for this post. Fine, her name is Louise Linton,) […]

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Banks May Have the Authority to Take Your Stimulus Check and Use It to Pay Off Loans and Fees: Report

Photo: Shutterstock It may not cover everything, but for people who have lost work or wages due to the coronavirus outbreak, the stimulus check promised to them by the federal government could mean the difference between putting food on the table and paying bills or being unable to do either. Imagine the impact on individuals […]

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As Millions of Workers Lose Their Jobs, Report Finds Nearly a Third of Renters Haven’t Paid Rent for April

Photo: Shutterstock As millions of people found themselves out of work due to the coronavirus-related closures that began last month, a new survey found almost one-third of renters didn’t make payments on their homes for the first week of April. Advertisement The data comes from the National Multifamily Housing Council, a trade group that tracks […]

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Federal Reserve No Longer Accountable to the Public Under Recovery Law

Photo: Chip Somodevilla (Getty Images) The COVID-19 pandemic has unleashed a new level of economic strain upon the American public with very little precedent. The United States government has taken action by authorizing massive levels of federal spending. Unfortunately, these efforts are hampered with a lot of shadiness. Advertisement Politico reports that the recovery law […]

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Trump Removes Inspector General Who Was Set to Oversee Stimulus Spending

Photo: Chip Somodevilla (Getty Images) The president’s response to the COVID-19 pandemic can only be described as a shitshow. From responding way too late to touting unproven treatments, Trump has been a hindrance to the recovery effort. When he’s not just poorly managing the crisis, he’s trying to take advantage of it. Advertisement The Washington […]

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Trump Continues to Weaponize the Coronavirus and Admits That Easy Voting Hurts Republicans

Photo: Tasos Katopodis (Getty Images) On Monday, President COVID-45 (Billy Dee Williams voice) admitted that easy voting hurts Republicans even though he’s totally not a Republican but he plays one on TV. During an interview with a bunch of white people on Fox & Friends, Trump claimed that Democrats added more funding to the coronavirus […]

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Scammers Are Using The Stimulus Checks To Con People Out Of Money

Source: ALEX EDELMAN / Getty Now that the $2 trillion stimulus package was signed into law on Friday, many Americans will be expecting the individual checks promised in the bill. Unfortunately, some scammers are using people’s need for money as a way to steal. According to CNN, multiple sources, such as the Federal Bureau of […]

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‘I’m Still Livid’: Ayanna Pressley Reacts To Coronavirus Stimulus Package That Passed The House

Source: Boston Globe / Getty Rep. Ayanna Pressley has some major criticism for the $2 trillion stimulus package that passed the House on Friday in response to the U.S. coronavirus pandemic. The bill was headed to Donald Trump‘s desk for him to sign it Friday afternoon. Pressley created a Twitter thread Friday afternoon starting out […]

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Let’s Reflect On When Matt Gaetz Was Called Out For His DUI By Hank Johnson

Source: The Washington Post / Getty For someone in Congress, making arguments is not one of Rep. Matt Gaetz‘s strong suits. The Florida Congressman is constantly talking out of his mouth without any context or tact to a particular topic and it always suggests racist inclinations on his part. He recently proved this when he […]

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3.3 Million Americans Filed for Unemployment Benefits. Here’s What That Means for Black People

Photo: ERIC BARADAT (AFP via Getty Images) For many economic experts, it was not a matter of if a recession would hit once the coronavirus became a pandemic, but how bad it would be when it did. On Thursday morning, the numbers from the Department of Labor were even worse than what many had initially […]

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When Will Stimulus Checks Arrive? Who Gets Them? How Much? Coronavirus Money Questions Answered

Source: Jeff Fusco / Getty Now that the coronavirus economic stimulus package is officially a go, there is finally a guarantee that most American adults will be receiving compensation from the government in the wake of a global pandemic. But as with most things bureaucratic, it’s just not that simple — even though it should […]

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Kamala Harris Checks MAGA Congressman Angry About Coronavirus Stimulus Money For Her HBCU

Source: OLIVIER DOULIERY / Getty In spite of — or because, maybe — the Senate reached and passed a bipartisan deal on Wednesday for a $2 trillion economic stimulus package over the coronavirus, a chorus of ride-or-die Republicans just couldn’t seem to contain themselves from chiming in with their objections to it. In the most […]

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Justin Trudeau’s $107B Coronavirus Plan Doesn’t Do Enough to Prevent Layoffs

This article originally appeared on VICE Canada. Justin Trudeau’s $107 billion stimulus package is a done deal. But the plan, which increased from $82 billion last week, could still do more to prevent layoffs and get money quickly into the hands of the people who are in real financial trouble right now. The package includes […]

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Congress Reaches $2 Trillion Stimulus Package Deal. Here’s Everything You Really Need to Know About It

Secretary of the Treasury Steven Mnuchin walks in a hallway at the U.S. Capitol on March 23, 2020, in Washington, DC. Secretary Mnuchin is on Capitol Hill to work with the Senate to finalize the coronavirus stimulus bill in response to the outbreak of the COVID-19 pandemic.Photo: Alex Wong (Getty Images) From this point on, […]

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Congressional Black Caucus’ Coronavirus Stimulus Proposals Protect Those Who Are Most At-Risk

Source: Barcroft Media / Getty The Congressional Black Caucus (CBC) has submitted a sweeping list of proposals that it says elected officials must implement to specifically protect Black people in America and their best interests as the country grapples with the coronavirus crisis. The group of influential officials from Congress and the Senate sent a […]

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Black-Owned Businesses Are Especially Hurt By Coronavirus As Stimulus Package Stalls

An untold number of small businesses have been disproportionately hurt by the coronavirus crisis as the nation’s top elected officials struggle to agree on how to provide financial relief for companies and taxpayers alike as the country inches closer to a new recession. While citizens were waiting to learn how much money the government would […]

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