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COVID-19 and the Economy

What you need to know about the COVID-19 pandemic's effects on America's economy, and what it means for your finances.

Third round of stimulus checks include ‘plus-up’ payments to those eligible for more money, IRS says

Third round of stimulus checks include ‘plus-up’ payments to those eligible for more money, IRS says

The IRS says these "plus-up" payments will continue on a weekly basis going forward, and go to those who recently filed a 2020 tax return and qualify for more stimulus money.

April 5, 2021 11:11am CDT
Unemployment claims climb to 719,000; COVID-19 pandemic still forces layoffs

Unemployment claims climb to 719,000; COVID-19 pandemic still forces layoffs

The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signaling that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered and federal aid spreads through the economy.

April 1, 2021 8:05am CDT
Tarrant County re-opens rental assistance funding application process

Tarrant County re-opens rental assistance funding application process

The latest version of the program provides cash payments on behalf of tenants at least one month behind for not only rent, but also utilities.

March 31, 2021 5:18pm CDT
Biden signs extension of Paycheck Protection Program for small businesses by 2 months

Biden signs extension of Paycheck Protection Program for small businesses by 2 months

President Joe Biden singed an extension of the Paycheck Protection Program a day before it was poised to expire, giving small businesses until May 31 to apply.

March 30, 2021 2:20pm CDT
Masks, hand sanitizers, PPE are tax-deductible, IRS says

Masks, hand sanitizers, PPE are tax-deductible, IRS says

The Internal Revenue Service announced on Friday that personal protective equipment purchased to stop the spread of COVID-19 are considered tax-deductible.

March 26, 2021 2:45pm CDT
Fort Worth repair shop targeted in unemployment benefits fraud, owner says

Fort Worth repair shop targeted in unemployment benefits fraud, owner says

The fraud with Texas unemployment benefits has affected hundreds of thousands of innocent victims in recent months. It is also taking a toll on businesses.

March 25, 2021 5:33pm CDT
Unemployment claims fall to 684,000, fewest since start of pandemic

Unemployment claims fall to 684,000, fewest since start of pandemic

The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign the economy is improving.

March 25, 2021 7:57am CDT
Dallas businesses getting back to normal one year after start of COVID-19 pandemic

Dallas businesses getting back to normal one year after start of COVID-19 pandemic

The Dallas Regional Chamber said that at the end of last year, 23% of small businesses in Dallas were forced to close, while 26% of businesses closed in Fort Worth.

March 24, 2021 4:18pm CDT
Could there be a 4th stimulus check? Democratic lawmakers push for more direct payments

Could there be a 4th stimulus check? Democratic lawmakers push for more direct payments

10 Democratic lawmakers sent a letter to President Joe Biden urging him to include additional stimulus payments in an upcoming $3 trillion infrastructure package.

March 23, 2021 5:47pm CDT
Gov. Abbott promises small business protection during North Texas visit

Gov. Abbott promises small business protection during North Texas visit

The governor said he’s made litigation protection for small businesses an emergency item during the legislative session.

March 23, 2021 8:41am CDT
Stimulus checks: IRS says next batch of payments will be disbursed in coming days

Stimulus checks: IRS says next batch of payments will be disbursed in coming days

Officials from the IRS and U.S. Treasury said Monday the next batch of COVID-19 stimulus payments will start hitting bank accounts later this week. Mailed checks will start going out as well.

March 22, 2021 12:06pm CDT
Where is my stimulus check? IRS tool shows status of third payment

Where is my stimulus check? IRS tool shows status of third payment

The IRS has launched an online tool to help you check the status of your third stimulus payment. See here:

March 17, 2021 4:14pm CDT
Millions of $1,400 stimulus checks to hit bank accounts Wednesday

Millions of $1,400 stimulus checks to hit bank accounts Wednesday

President Joe Biden approved the stimulus payments last week.

March 17, 2021 9:33am CDT
IRS agrees to protect some stimulus checks from debt reductions

IRS agrees to protect some stimulus checks from debt reductions

The IRS has agreed to not seize some Americans' stimulus check to offset outstanding federal tax debts, according to an agency watchdog.

March 16, 2021 11:34am CDT
Wells Fargo, Chase criticized over timing of third stimulus check delivery

Wells Fargo, Chase criticized over timing of third stimulus check delivery

Millions of Americans are poised to receive direct cash payments worth up to $1,400.

March 15, 2021 8:29am CDT
Pending stimulus check? Here's when your money could be released

Pending stimulus check? Here's when your money could be released

Many Americans already see the money in their bank account but they are not able to access it because it is 'pending.'

March 14, 2021 9:42am CDT
Stimulus checks on the way: US Treasury confirms $1,400 payments could hit bank accounts this weekend

Stimulus checks on the way: US Treasury confirms $1,400 payments could hit bank accounts this weekend

The U.S. Treasury Department confirmed on Friday that Americans can expect to start seeing direct deposits from the recent COVID-19 relief package as early as this weekend.

March 12, 2021 8:06pm CST
Parents could receive $3,600 child tax credit soon - here's what you need to know

Parents could receive $3,600 child tax credit soon - here's what you need to know

Most American parents can expect to receive $3,000 a year for every child ages 6 to 17 and $3,600 a year for every child under age 6.

March 12, 2021 11:16am CST
$1,400 stimulus checks can be seized by private collectors for unpaid debts

$1,400 stimulus checks can be seized by private collectors for unpaid debts

Debt collectors will be able to garnish the third round of cash payments that are expected to be delivered to Americans by the end of the month as part of Democrats' $1.9 trillion American Rescue Plan.

March 12, 2021 10:26am CST
American, United Airlines cancel 27,000 furloughs after COVID-19 relief bill passes

American, United Airlines cancel 27,000 furloughs after COVID-19 relief bill passes

Two of the biggest U.S. airlines have canceled employee furloughs after the House passed COVID-19 relief that will provide much-needed payroll support.

March 12, 2021 4:24am CST
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Elderly Texas couple missing since Thanksgiving found dead

Elderly Texas couple missing since Thanksgiving found dead

Texas DPS: Fugitive child sex offender on Texas Most Wanted list sought in DFW area

Texas DPS: Fugitive child sex offender on Texas Most Wanted list sought in DFW area

World Cup 2026: Which nations can still qualify for the 6 remaining spots?

World Cup 2026: Which nations can still qualify for the 6 remaining spots?

Mexican national living in Garland sentenced in drug trafficking case

Mexican national living in Garland sentenced in drug trafficking case

World Cup: North Texas preps for ’39 days of rush hour’ as federal transportation officials discuss plans

World Cup: North Texas preps for ’39 days of rush hour’ as federal transportation officials discuss plans

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Officials release full 911 calls from deadly Texas Hill Country flooding

North Texas Muslim housing project catches new lawsuit from AG Ken Paxton

North Texas Muslim housing project catches new lawsuit from AG Ken Paxton

Police, attorneys have public scuffle over Celina ISD investigation

Police, attorneys have public scuffle over Celina ISD investigation

Officials seize vessel with $28M in cocaine off Miami Beach

Officials seize vessel with $28M in cocaine off Miami Beach

Brianna Aguilera: Tony Buzbee questions death investigation of Texas A&M student

Tony Buzbee suggests APD 'lazy' in Texas A&M student death investigation

World Cup 2026 Draw takeaways: List of teams that could play in Dallas

World Cup 2026 Draw takeaways: List of teams that could play in Dallas

Viewer tip leads to Rowlett park shooting suspect, 216th Trackdown arrest

Viewer tip leads to Rowlett park shooting suspect, 216th Trackdown arrest

California dog found in Lincoln Park after 4 years, returned to family

California dog found in Metro Detroit after 4 years, returned to family

FIFA World Cup mascots Maple, Zayu and Clutch highlight host countries culture, heritage and spirit

FIFA World Cup mascots Maple, Zayu and Clutch highlight host countries culture, heritage and spirit

World Cup 2026: What to know about Group L

World Cup 2026: What to know about Group L

2025 FOX Holiday Gift Guide
GIFT GUIDE
Need gift ideas? Check out the 2025 FOX Holiday Gift Guide

FOX 4 Consumer reporter Steve Noviello gets more than 1,000 product pitches each year. He shares the greatest gifts of the season in his 2025 FOX Holiday Gift Guide.

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