stimulus package – Cincy Link

As Congress debates stimulus package, Trump declines to weigh in on proposals

cincylink — Thu, 21 Oct 2021 04:49:07 +0000

As White House advisers and congressional leaders spar over the next round of stimulus funds, President Donald Trump said on Tuesday that he still has some issues with the Senate GOP's proposal released yesterday.

On the mind of so many Americans are stimulus checks, unemployment and the return to school.

But when asked specifically what he disagreed with, Trump punted.

Despite a Trump administration push for the return of in-person learning, a number of school districts across the US have announced plans to begin the 2020-21 school year virtually. On Tuesday, Ohio’s largest district Columbus City Schools said they will start the year off virtually.

Trump has said that federal funds should only go to schools that are open.

Meanwhile, the next round of stimulus is being debated on Capitol Hill. While it appears there is agreement between the White House, House Democrats and Senate Republicans on providing a second round of $1,200 checks for most Americans, there is intense debate on unemployment. Last week, millions of unemployed Americans stopped receiving a $600 weekly supplement to unemployment checks. Those checks were in addition to state unemployment payments.

With those payments no longer being received by Americans, there are questions on the state of the economy given an unemployment rate of 11.1 percent – nearly three times higher than at the start of the year.

HIGHLIGHTS OF THE ACT:

- $1,200 stimulus checks for the same group of Americans who received a check in the spring
- $106 billion in funds for schools to hire staff and conduct social distancing
- Replenishing the Paycheck Protection Program, intended to help businesses keep employees on payroll
- Extending unemployment supplement, although at a lower amount
- Liability protection for businesses reopening amid the pandemic

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The impact that one year of student loan relief has had amid pandemic

cincylink — Sun, 04 Jul 2021 04:38:56 +0000

Millions of Americans have had their student loan payments paused for the past year after Congress passed several stimulus bills, allowing the pause on payments with no interest accruing. The pause has allowed many people, like Anna Garcia, to save hundreds of dollars a month and put it towards other needs during this pandemic.

“This past year really tested us in terms of finances,” said Garcia.

Garcia owes just over $99,000 in student loan debt. For the past few years, she has paid $250 a month under her repayment plan that’s based on her income. Just before the pandemic, her payments were going to nearly double as she moved into a new job role.

“I was looking at making an additional $350 per month as the pandemic was about to start and then they stopped those payment,” said Garcia. "So, that actually really saved me.”

Garcia put the $600 a month that was earmarked for student loans into saving instead, and after a few months, her fiancé had an idea for that money.

“He just kind of threw it out there like, ‘Why don’t we just go ahead and start planning the wedding?,’” Garcia recalled.

The couple had been engaged since 2019 but they didn’t have a timeline to wed because they didn't have any extra money to put towards it. However, with the $600 savings a month, in addition to their stimulus checks, they could now afford a small wedding.

“Quite frankly, with the coronavirus and all the restrictions, we wanted to keep it small. We wanted to keep it intimate,” said Garcia. "So, we saw that opportunity and we just decided to go for it.”

The couple got married on November 25, 2020, with just their closest friends and family. The wedding cost them around $8,000, almost exactly what she would’ve paid this past year in student loan repayment.

“We were able to get everything that we wanted in that wedding and everything came together so beautifully that day,” said Garcia.

After the wedding, Garcia has still been putting aside the $600 each month and continues to strategize on how to better use those dollars. She recently decided to invest the money in the stock market to hopefully grow it, and then use it to repay her student loan debt when she has to pay that again.

“Our conversation with money has definitely changed over the past year,” she said. "It’s not just about saving but making that money work for us."

Student loan debt relief over the past year gave Garcia the opportunity to marry the love of her life and potentially a better shot at paying down her student loan debt faster. For others, it’s been a lifeline to buy food or keep the lights on when jobs have been lost and new ones are hard to come by.

The student loan relief has been extended by Congress until at least Sept. 30.

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When to expect your coronavirus stimulus check | FOX News Rundown podcast

cincylink — Wed, 01 Apr 2020 15:00:26 +0000

Fox News Rundown podcast | April 1, 2020
Get more episodes of the Fox News Rundown podcast here:

Congress just passed a $2 trillion stimulus bill in response to the coronavirus outbreak and the economic crisis it created. Americans are curious if they will get benefits. While you probably will get a check, how much should you expect? The Wall Street Journal's Richard Rubin joins the Rundown to break down who receives a check and who doesn't.

The coronavirus pandemic has impacted many small businesses. The restaurant industry has been especially hard hit as many owners have been forced to close down their dining areas and only serve takeout because of social distancing. This has left many restaurant workers unemployed and uncertain about when they can return to work. Chef Robert Irvine -- restaurant owner and host of the Food Network series "Restaurant: Impossible," -- weighs in on if restaurants will survive, how business owners can adapt and more.

Plus, commentary by Democratic Strategist Leslie Marshall.

The FOX News Rundown is a news-based daily morning podcast. Each morning, Jacqui Heinrich, Dave Anthony, Lisa Brady, Jessica Rosenthal and Chris Foster take a deep dive into the major and controversial stories of the day, tapping into the massive reporting resources of FOX News to provide a full picture of the news. You'll hear a contrast of perspectives you may not hear elsewhere while going far beyond the basic headlines. Each day The FOX News Rundown features insight from top newsmakers, along with FOX News reporters and contributors, plus a daily commentary on a significant issue of the day. Check us out each morning.

FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most-watched news channel in the country for almost two decades. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.

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House passes historic $2T coronavirus relief bill

cincylink — Fri, 27 Mar 2020 17:33:36 +0000

The House of Representatives is set to vote on coronavirus relief bill.

FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.

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McCarthy rips Pelosi for holding up relief bill while millions lost jobs

cincylink — Fri, 27 Mar 2020 03:30:02 +0000

House Speaker Nancy Pelosi did get $24 million for the Kennedy Center included in the $2.2 trillion relief package aimed at helping Americans amid the COVID-19 crisis, says House Minority Leader Kevin McCarthy. #FoxNews #IngrahamAngle

FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most-watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.

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Peter Navarro breaks down latest White House coronavirus efforts

cincylink — Thu, 26 Mar 2020 16:41:34 +0000

Senate unanimously approves $2 trillion coronavirus stimulus package; White House trade adviser Peter Navarro joins ‘America’s Newsroom.’

FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.

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Hannity: The COVID-19 crisis brings out the best and worst in America

cincylink — Thu, 26 Mar 2020 03:00:13 +0000

While Americans are producing triumphs amid tragedy, the Washington swamp is frankly America at its worst. #FoxNews #Hannity

FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most-watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.

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