'American Rescue Plan': Here's what's in Biden's COVID-19 relief plan

President-elect Joe Biden is proposing a $1.9 trillion plan to expand coronavirus vaccinations, help individuals and jump-start the economy.

IRS delays start of 2021 tax filing season to Feb. 12

The Internal Revenue Service will delay the start of tax filing season until Feb. 12, 2021, which pushes the date when the tax agency will begin accepting and processing 2020 tax year returns.

Jobless claims jump to 965,000 as COVID-19 pandemic takes toll

The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs.

Biden eyes child tax credit expansion among stimulus measures: Report

President-elect Joe Biden is imminently expected to outline his plans for additional stimulus measures as the U.S. battles surging COVID-19 cases.

Schumer pledges quick delivery of $2,000 stimulus checks: 'We will get that done'

Senate Democrats plan to make another coronavirus relief package — including sending an additional stimulus payment to many Americans — one of their top priorities for the year once they assume control of the chamber.

Mega Millions, Powerball combined jackpots rise to more than $1 billion

After a long stretch of relatively paltry prizes, U.S. lottery players now have a choice of games that offer combined jackpots of more than $1 billion.

Unemployment continues to hurt low-income workers amid pandemic

Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring.

Steps to get financially fit in 2021
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If your resolution is to save more in the new year financial consultant, Derrick Kinney, shares his best advice to start the new year off right.

Biden plans to extend student loan payment pause ‘on day one,’ supports forgiving $10K in debt

President-elect Joe Biden’s transition team said he plans to extend a suspension of student loan payments due to financial hardships posed by the COVID-19 pandemic on “day one,” and he also favors forgiving $10,000 in student loan debt.

$2,000 stimulus checks on the table after Dems win control of Senate

Democrats pledged to deliver $2,000 stimulus checks to Americans as soon as possible after winning control of the Senate with a pair of victories in Georgia's runoff elections.

Online glitches, new distribution methods could be why you haven't received your second stimulus check

While the IRS and Treasury have distributed the bulk of the anticipated $164 million in second-round of relief payments for Americans faster than the first time, millions have not gotten payments yet or found hiccups in the distribution.

Jobless claims slip to still-high 787,000 in the US

The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic and the damage it has inflicted on the economy for nearly 10 months.

Parents could get up to $1,100 in stimulus money per child born in 2020

Parents who had one or more children born in 2020 could receive up to $1,100 in extra stimulus money per child, according to IRS guidelines.

Mega Millions, Powerball jackpots are above $400 million each

Both the Mega Millions and Powerball jackpots have soared to more than $400 million each, with drawings to be held Tuesday and Wednesday. 

Stimulus checks now cashable on Venmo

Venmo has rolled out a new feature allowing users to cash printed, payroll and government checks directly from their smartphone into their accounts.

JCPenney begins new CEO search for fresh start

After emerging from Chapter 11 bankruptcy in November, 118-year-old retail giant JCPenney is planning a fresh start for 2021, beginning with a search for a new leader.