How low interest rates may shape the start of a Biden presidency

Nov 24, 2020
The only thing really left is for Congress and a president to pass more stimulus.
President-elect Joe Biden announces key cabinet nominees at a press conference on Nov. 24 in Wilmington, Delaware.
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What happens after a mall defaults on its loans?

Oct 27, 2020
The dominoes just keep falling: Banks, utilities, internal employees, maintenance crews — they could all lose out.
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How we spent our relief checks

May 20, 2020
Economists at four universities studied the spending habits of about 1,600 middle and low-income consumers who got $1,200 direct payments. The money was spent on necessities like rent and food.
People shop at a Los Angeles grocery store. Americans spent their stimulus checks on the essentials, like rent and groceries.
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Some paper checks have already gone out, the IRS says, but others could take until June or July.
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Breaking down the new COVID-19 relief bill

The nearly half-a-trillion dollar bill would replenish the program to help small businesses.
$310 billion goes toward loans for small businesses, the Paycheck Protection Program.
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Big banks pledge overdraft relief so customers reap full benefits of COVID-19 checks

Apr 16, 2020
Big banks say they’ll give customers a temporary break on negative balances.
Stimulus checks are fair game for private debt collectors. But big banks are offering relief for negative balances.
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Small businesses seeking loans to cover COVID-19 losses face confusion, frustration and uncertainty

The loan program was designed before we understood how long this crisis might last, Amanda Ballantyne of Main Street Alliance says.
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Who's getting the $1,200 COVID-19 checks first?

Those who filed taxes in the past two years and used direct deposit for their refunds will be the first to get the payments, the IRS says.
People who never gave the IRS their bank information may have to wait weeks, if not months, to get their payments.
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Americans can now tap 401(k)s without penalty. Here's how it works.

People affected by the crisis can access of up to $100,000 of their retirement savings without the usual 10% penalty.
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The Fed steps in to finance COVID-19 relief loans for small businesses

Apr 7, 2020
The Federal Reserve is creating a "lending facility" to keep things running smoothly for small business loans.
The central bank is finding new ways for it to finance the loans commercial banks are being told to write to small businesses.
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