Two years after the federal government approved $350 billion in emergency funding for states and localities to respond to the public health crisis, much of the funds have not been used.
Category: Stimulus (Economic)
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A Silver Lining From the Pandemic: A Surge in Start-ups
New research suggests that big shifts in consumer and company behavior — and maybe federal stimulus dollars — have fueled entrepreneurship.
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Poverty Rate Soared in 2022 as Aid Ended and Prices Rose
The increase in poverty reversed two years of large declines. Median income, adjusted for inflation, fell 2.3 percent to $74,580.
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Yellow’s Promise to Repay Federal Debt Provokes Skepticism
The trucking company, which has filed for bankruptcy protection, owes more than $700 million to the Treasury Department.
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Yellow, the Freight-Trucking Company, Declares Bankruptcy
A pandemic-era lifeline that the Trump administration predicted would turn a profit for the federal government failed to keep Yellow afloat.
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After U.S. Bailout, the Trucking Firm Yellow Is Shutting Down
Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
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The Fed Is Trying to Cure Inflation Without Starting a Recession
Lowering inflation to 2 percent without causing a recession and throwing people out of work would be a rare achievement. The markets are acting as if it has already happened.
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Former Fed Chair Ben Bernanke on Inflation, Bank Runs and More
The former Fed chairman shared his thoughts with our columnist.
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401(k) Hardship Withdrawals Tick Up as Inflation Stays High
Retirement plan administrators are noting an uptick in hardship withdrawals. But taking that money out can harm your future financial security.
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How the Employee Retention Tax Credit Became a Magnet for Fraud
The Employee Retention Credit has spawned a cottage industry of firms claiming to help businesses access stimulus funds, often in violation of federal rules.
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House G.O.P. Eyes Rescinding Unspent Covid Money as Part of Its Fiscal Plan
Estimates put the amount of leftover money between $50 billion and $70 billion. But even if Republicans could claw it back, it would not make much of a dent in the deficit.
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The Fed Has Targeted 2% Inflation. Should It Aim Higher?
The New York Times – Business:After raising interest rates again, the Federal Reserve will soon have to consider how much pain it is willing to inflict in its fight against inflation, our columnist says.