Thursday, July 29

Stimulus

American Rescue Plan, Coroanavirus, Economy, IRS, Stimulus

The IRS just disbursed 2.2 million more $1400 stimulus payments, but it mostly went to recent tax filers

The IRS just disbursed 2.2 million additional stimulus payments. The majority of these payments went to taxpayers whose information was not previously filed with the IRS. These delayed payments are being gradually distributed amid large tax return backlogs. LoadingSomething is loading. Another 2.2. million Americans will start receiving $1400 s...
Bitcoin, David Tice, FAANG, gold, inflation, Markets, MI Exclusive, monetary policy, Morand-Tice Capital Management, Stimulus, Stock market bubble, Stocks

Veteran investor David Tice sounds the alarm on’big tech’ stocks and bitcoin-and touts gold and silver miners as better bets

David Tice. CNBC David Tice is bearish on "big tech" stocks and bitcoin as they look expensive to him. The veteran fund manager advised investors to exercise caution in a high-risk market. Tice is bullish on gold and silver miners due to inflation and currency-depreciation fears. See more stories on Insider's business page. "Big tech" stocks and bitcoin are too expensive, while gold and silver are cheap and effective hedges against inflation and a weaker dollar, veteran investor David Tice said in a recent CNBC interview."We have come back a long way from the April lows of 2020 after the COVID-19 scare," the cofounder of Moran Tice Capital Management said. "However, we're not out of the woods yet and this is a dangerous market. "Tice's concerns include the stock market appearing ...
Child tax credit 2021, Democrats, Economy, Politics, President Joe Biden, Republicans, Stimulus, White House

How some families can get stimulus checks worth up to $3,200 in backpay through Biden’s child tax credit rollout

This week, the parents of about 60 million American kids will receive their first monthly child tax credit payment. The new policy offers an opportunity for eligible parents and non-parents to get stimulus payments they missed. These individuals would be eligible for all three stimulus checks, amounting to $3,200 in federal relief. LoadingSomething is loading. ...
angus king, Bernie Sanders, Biden infrastructure plan, Congress, Democrats, Economy, Infrastructure, Joe Biden, Joe Manchin, Jon Tester, original reporting, Politics, Republicans, Stimulus, White House

Bernie Sanders says he wants over $3.5 trillion for a Democrat-only infrastructure package. Senate Democrats aren’t ready to commit.

Sanders wants a Democrat-only infrastructure bill that's larger than $3.5 trillion. "I'm going to fight to make that proposal as robust as it can be," he said outside the White House. Talks are in their early stages, and Insider spoke to several Democrats who weren't ready to commit. See more stories on Insider's business page. Sen. Bernie Sanders on Monday said he's pushing Democrat-only infrastructure package larger than $3.5 trillion, as Senate Democrats kicked off a frenzied legislative period."I'm going to fight to make that proposal as robust as it can be," Sanders told reporters outside the White House after an afternoon mee...
Bernie Sanders, Biden administration, Biden infrastructure plan, Childcare, Congress, Economy, House, Infrastructure, Joe Biden, Joe Manchin, National Debt, Policy, Politics, Republicans, Senate, Stimulus, Taxes, White House

Bernie Sanders said he’d oppose a $3 trillion Democrat-only infrastructure plan since it’s’much too low,’ potentially setting up spending showdown with Manchin

Sanders ruled out backing a Democrat-only infrastructure plan below $3 trillion. "That's much too low," he told New York Times opinion columnist Maureen Dowd. It may set up a confrontation with centrists like Joe Manchin, who favor a smaller plan. See more stories on Insider's business page. Sen. Bernie Sanders indicated that he would oppose a Democrat-only spending bill if its price tag didn't top $3 trillion, brushing anything lower as too meager. It may set the stage for a confrontation between Sanders and moderate Democrats looking to restrain the size of a follow-up package.In an interview with New York Times opinion columnist...
Coronavirus relief, Economy, Federal jobless aid, federal unemployment, Indiana, Jobless benefits, Markets, Maryland, Ohio, pandemic unemployment assistance, PEUC, Policy, Politics, pua, Stimulus, Unemployment benefits

Laid-off workers are scoring early wins in lawsuits against GOP governors attempting to cut off federal jobless aid

Jobless workers in Indiana and Maryland racked up early court wins to restore federal unemployment. "I think it certainly has the potential to start more cases," one expert said of the litigation. A lawyer who brought a similar case in Ohio said he may even go after the state for damages. See more stories on Insider's business page. Jobless workers in Ohio are the latest group to push back in court against Republican governors cutting off their federal benefits early.Federal benefits in the state wound down on June 26, months ahead of their scheduled expiration in September. A new lawsuit representing three Ohio workers claims the ...
Bitcoin, Cryptocurrencies, Federal Reserve, inflation, Markets, MI Exclusive, Rich Dad Poor Dad, Robert Kiyosaki, Stimulus, Stocks, Warren Buffett

‘Rich Dad Poor Dad’ author Robert Kiyosaki warned a historic market crash is coming, trumpeted bitcoin, and championed Warren Buffett’s love of brands in a recent interview. Here are the 10 best quotes

Robert Kiyosaki expects financial markets to suffer their most devastating crash ever. The "Rich Dad Poor Dad" author said he bought bitcoin at $9,000 and wants it to get cheaper again. Kiyosaki dislikes stocks, and encourages young people to become entrepreneurs instead of employees. LoadingSomething is loading. ...
Economic impact payments, Economy, Money, Petition, Politics, Stimulus, Weekend BI UK, White House

Stimulus check petitions calling for a 4th round of $2,000 monthly payments gain almost 3 million signatures

Almost 3 million people signed Change.org petitions for a fourth round of stimulus payments. Americans need payments "so that we can keep our heads above water," one creator told Newsweek. White House Press Secretary Jen Psaki has said President Joe Biden's open to new stimulus plans. LoadingSomething is loading. ...
Biden infrastructure plan, Congress, Economy, House, Infrastructure, Joe Biden, Markets, Mitch McConnell, Nancy Pelosi, Policy, Politics, Reconciliation, Senate, Stimulus, Taxes

Pelosi rebuffs McConnell’s demands on infrastructure, holding firm on clearing a Democrat-only social spending plan

Nancy Pelosi just brushed back Mitch McConnell's demands on infrastructure. She's holding firm on her commitment to clear a bipartisan deal only after Senate Democrats approve a party-line bill. The reconciliation package is poised to be full of social initiatives the GOP fiercely opposes. See more stories on Insider's business page. House Speaker Nancy Pelosi is holding firm on her commitment to not approve a $579 billion bipartisan infrastructure agreement until a party-line package reaches the lower chamber."The statement that I made as such is the statement I stand by," Pelosi told reporters at a press conference, adding that H...
Biden economic plan, Biden stimulus, economic outlook, Economic Recovery, Economy, Features, Government Spending, housing market, Labor Market, Markets, Remote Work, Stimulus, US housing boom, US Housing Crisis, us housing market

3 fundamental changes from the pandemic economy that could become permanent

Some elements of the pandemic-era economy are likely to stick around well after the recovery. Experts warned the post-crisis economy would be different, and now it's becoming clear how. From remote work to a red-hot housing market, 4 fundamental shifts could be permanent. See more stories on Insider's business page. The post-pandemic economy is taking shape.Fifteen months after the US first plunged into lockdown, the economy is well on its way to a complete reopening. Spending is up, businesses are rehiring, and Americans are — slowly — returning to work. Economists largely agree that economic output will grow at the fastest rate s...