California’s fiscal squeeze tightened up Sunday when congressional leaders reached agreement on a $900 billion COVID-19 relief package that did not include direct aid to state and local governments. It means that Gov. Gavin Newsom faces fewer choices in fashioning a 2021-22 fiscal year budget that he must propose to...
Will You Get a Stimulus Check by December 31?
[aggregation-styles] CBS News Time is running out for the U.S. government to approve a second coronavirus relief package. So where does that leave Americans anxiously awaiting another federal stimulus check — the cash payments that were initially distributed this spring? For now, stuck in limbo, although there are signs that...
What No Trump Stimulus Means for California Schools, Unemployment and More
Last week, as federal stimulus talks crumbled and California’s unemployment system faltered again, Tracy Greer packed her car with recyclables and hoped the cash would pay for groceries. Greer, 48, is an accountant by training who was furloughed from her job as a restaurant server in the high desert town of...
Trump Calls Off Talks on New Stimulus Bill. Stocks Drop.
NEW YORK — Stocks dropped suddenly on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats over another round of stimulus for the economy, which has been punched into a recession by shutdowns related to the coronavirus pandemic. The Dow Jones Industrial Average swung...
In Virus Talks, Pelosi Holds Firm; Mnuchin Wants a Deal
WASHINGTON — Speaker Nancy Pelosi is not about to blink. The Democratic leader has been here before, negotiating a deal with the White House to save the U.S. economy, and lessons from the Great Recession are now punctuating the coronavirus talks. With Republicans again balking at big government bailouts, the Democrats believe...
Deadline to Get COVID-19 Stimulus Check by Direct Deposit is Here
Anyone still waiting for a federal COVID-19 stimulus payment must act by Wednesday to receive their money by direct deposit, the IRS says. The government is urging taxpayers to provide their bank account information online by noon if they want to speed up delivery of the money. Otherwise, qualified recipients...
Still Waiting for a COVID-19 Stimulus Check? This Map May Explain Why.
Some Valley residents are still waiting for their $1,200 federal COVID-19 stimulus check to arrive. And government data shows it could take several more weeks for the promised relief money to reach them. That's because Visalia and Fresno residents are ranked at the very bottom of the list of Americans...
Stimulus Checks to Bear Trump’s Name in Unprecedented Move
WASHINGTON — President Donald Trump's name will be printed on the stimulus checks that the Internal Revenue Service will be sending to tens of millions of Americans around the country, in an unprecedented move finalized this week. The Treasury Department confirmed the decision in a statement Wednesday. It marks the...
Opinion: Next Stimulus Should Focus on Energy, Infrastructure
As a lifelong free-market conservative, I know it pained many of my fellow Republicans to vote for the $2.3 trillion emergency relief package signed into law last month. The thought that the economy may need an additional $1 trillion or more in federal spending before the COVID-19 pandemic is over to avoid...
Billions Available for Small Businesses. Be Aware of Scammers.
The $2.2 trillion stimulus bill signed last week by President Donald Trump will provide billions in aid to small businesses. The Small Business Administration will oversee several programs to provide loans and capital to keep businesses affected by the COVID-19 pandemic afloat. One of the largest programs will start taking...