How far will the $28.6 billion relief fund for restaurants go?

Mar 12, 2021
To help restaurants clear debt and start over, "this is really what they need," an industry representative said.
In its first phase, the Restaurant Revitalization Fund will prioritize disadvantaged businesses and those owned by women and veterans.
Spencer Platt/Getty Images

What might consumers do with both a tax refund and pandemic relief money?

Mar 9, 2021
Those who have already paid off debt and built up their savings may be ready to spend tax refund money.
Many people plan on how they'll use tax refund money before they get it.
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Will the next round of relief checks be based on 2020 income?

Feb 8, 2021
That may depend on how early you file your taxes.
Filing your taxes electronically and early could raise the odds of getting a relief check based on your 2020 income, according to Janet Holtzblatt of the Tax Policy Center.
Joe Raedle/Getty Images

What is budget reconciliation, and how might Democrats use it to pass COVID relief?

Feb 3, 2021
The process allows senators to avert a filibuster and bring a bill to a vote with a regular majority, but only in specific cases.
Democratic senators might use the reconciliation process to stop a potential Republican filibuster on President Biden's relief bill.
Joe Raedle/Getty Images

Unemployment benefits have not resumed for many Americans

Feb 1, 2021
Over a month after the last COVID-19 relief bill extended benefits for millions, many are still waiting for money to arrive.
Congress signed the last COVID-19 relief bill in December, so where are people's unemployment benefits?
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Airlines get relief funds, but travel rebound may take a while

Dec 29, 2020
The measure includes money that will allow the airline industry to bring back furloughed workers through March.
A pilot walks through New York's LaGuardia Airport on Dec. 3.
Spencer Platt/Getty Images

Shutdown deadline looms over COVID-19 relief talks

Dec 18, 2020
Democrats and Republicans have hit a snag in their deal, disagreeing over a provision that aims to limit the Federal Reserve's lending powers.
Senate Majority Leader Mitch McConnell walks to the Senate floor at the U.S. Capitol on Dec. 17.  McConnell said with a shutdown deadline looming at midnight Friday, weekend work in Congress is "highly likely."
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Few people are tapping 401(k)s, even without withdrawal penalties

Nov 12, 2020
The CARES Act made it easier to get money out of retirement savings early. But that only helps people with enough cushion to have a 401(k).
At Vanguard, 4.5% of people had taken a coronavirus-related distribution as of the end of September.
Johannes Eisele/AFP via Getty Images