Child tax credit: Treasury, IRS disburse second round of payments

According to the IRS and Treasury Department, a technical issue will cause a small percentage of those who chose direct deposits to receive a physical check this month.

US unemployment claims drop by 14,000 to 385,000

The number of Americans seeking unemployment benefits fell last week to 385,000. The applications have mostly fallen steadily since early January.

Bill would send US adults 'guaranteed income' of up to $1,200 per month

A bill proposed by Rep. Ilhan Omar, D-Minn., would send monthly payments of up to $1,200 to adults and $600 to kids following years-long pilot programs.

Tesla reaches milestone with first $1B quarterly profit

The financial milestone announced Monday extended a two-year run of prosperity that has erased questions about Tesla’s long-term viability raised during its early years of losses and production problems.

US unemployment claims rise to 419,000 from a pandemic low

The number of jobless claims increased last week to 419,000, the most in two months, from a pandemic low of 368,000 during the previous week.

IRS stimulus checks: Petition for additional $2,000 monthly payments nears 3 million

A Change.org petition calling on Congress to send additional $2,000 monthly economic stimulus checks to U.S. families is nearing its goal of three million signatures.

Stocks plunge over delta variant fears; Biden seeks to reassure over economy

Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.

Summer travel, economic recovery driving up gas prices

Drivers are facing pricier fill-ups as more people hit the road for work, travel and other activities that the virus pandemic halted. Higher demand for gasoline is running up against lagging supply as the energy industry slowly ramps up after more than a year of production and staff cuts.

American unemployment claims fall to 360,000, another pandemic low

The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.

Child tax credit: First payments go out July 15

The IRS said that the first payments from the expanded child tax credit signed into law with President Joe Biden’s $1.9 trillion coronavirus relief package will begin hitting families’ bank accounts on July 15.

June jobs report: US adds 850,000 jobs as economy extends its gains

U.S. employers added 850,000 jobs in June 2021, well above the average of the previous three months, the Labor Department said.

US unemployment claims tick down to 411,000 as economy heals

The number of Americans applying for unemployment benefits declined 7,000 from the previous week to 411,000, the Labor Department said.

Child tax credit: IRS launches 2 online tools to answer eligibility questions

The IRS launched two new online tools on Monday to help families quickly determine if they are eligible for the child tax credit and how they wish to receive those payments should they qualify.

Connecticut to give $3,200 bond to every child born into poverty

Children who are born into low-income families will be given a trust fund which will deposit $3,200 into a savings account until the child turns 18.