Hundreds of people in Camden County, New Jersey, will get payments of $1,000, officials announced on Tuesday. Those who will receive the stimulus payments are Camden County caregivers and will have to provide evidence of at least 500 hours of health care or day-to-day support to one or more elderly persons or children, or people with disabilities,…
NJ County Issuing $1,000 Stimulus Payments to Some Residents
Hundreds of people in Camden County, New Jersey, will get payments of $1,000, officials announced on Tuesday. Those who will receive the stimulus payments are Camden County caregivers and will have to provide evidence of at least 500 hours of health care or day-to-day support to one or more elderly persons or children, or people with disabilities,…
Stimulus Payments and Rebates to Hit Bank Accounts Next Month
Several states are mailing out stimulus checks or tax rebates in September despite near-historic inflation. Recent data released by the federal government shows that the Consumer Price Index, a key inflation metric, remained relatively elevated at 8.5 percent in July. Although it was down from 9.1 percent in June, the figure represents highs not seen…
One-Time $1,000 Stimulus Payment Announced for Washington Families
August 19, 2022
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Some low-income families in Washington, D.C., are set to receive a payment of $1,000 as they prepare to return to school, according to Mayor Muriel Bowser on Thursday. “We know that back-to-school time can be an expensive time of year for families—new uniforms, haircuts, supplies. There are a lot of expenses all at once,” Bowser said….
Why Isn’t China Stimulating Its Economy and What Does This Mean?
Commentary For much of the past 10 to 15 years, the Chinese economy followed a familiar boom and bust pattern, even if the official GDP data was suspiciously straight. Central government authorities would flood the market with fiscal and monetary stimulus until activity began to run too hot and then tighten money. Authorities engaged in…
US Stimulus Damage Done to the Economy
Commentary In the early spring of 2020, the United States began locking down citizens and businesses—such as restaurants, nightclubs, hairdressers, movies, and gyms—killing off entire sectors. As economic activity ground to a near halt, the government applied band-aid solutions in the form of economic stimulus that would temporarily and partially mitigate the negative impact on…
IRS Gave Stimulus Money to Dead People, Even After Error Was Identified: Audit
The Internal Revenue Service (IRS) erroneously paid some $64 million to deceased individuals, even after a computer error was identified, according to a watchdog report. The American Rescue Plan Act, signed by President Joe Biden on March 11, 2021, created a fund for stimulus payments of up to $1,400 to many Americans. The IRS sent some 44,900 such…
IRS Investigators Find Nearly $2 Billion in COVID-19 Stimulus-Related Fraud
Agents of the Internal Revenue Service (IRS) investigated 660 cases of alleged fraud connected to COVID-19 stimulus funds and found more than $1.8 billion over the past two years, according to investigational data made public on Wednesday. “These cases included a broad range of criminal activity, including fraudulently obtained loans, credits and payments meant for American workers,…
PBO Report Questions Need for Liberals’ Planned Stimulus Spending
OTTAWA—Prime Minister Justin Trudeau is giving no indications of plans to rein in government spending after a critical report by the parliamentary budget officer questioned the Liberals’ case to spend tens of billions in planned stimulus. The Liberals had promised up to $100 billion in economic stimulus, subject to a series of spending guardrails to…
European Shares Edge Higher Ahead of Earnings; China Adds Stimulus
LONDON—European shares recovered from Friday’s losses on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week. Stock market moves in Asian trading were small and economic data from China was mixed: industrial output picking up but retail sales missed expectations. China’s central…
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