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The IRS just disbursed 2.2 million more $1400 stimulus payments, but it mostly went to recent tax filers

1 day ago   |   By Business Insider

Summary List Placement Another 2.2. million Americans will start receiving $1400 stimulus checks this week.
The third round of stimulus payments, meant to help people who lost income or work during the coronavirus pandemic, is worth over $4 billion, according to the Internal Revenue Service.
The latest disbursement brings the total number of payments to 171 million, according to an IRS news release on Wednesday .
The majority of the 2.2 million payments went to eligible individuals who did not previously file information with the IRS for an Economic Impact Payment, but have since filed a...
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Almost half of Americans used the $1,400 stimulus checks to pay off debt

Almost half of Americans used the $1,400 stimulus checks to pay off debt

1 day ago   |   By Business Insider

Summary List Placement The third round of stimulus checks helped families with expenses and bills, but in particular helped them pay off debt.
That's according to a new briefing by Claudia Sahm, senior fellow at the Jain Family Institute and a former Fed economist. Sahm told Insider that paying down debt gives Americans more financial security and helps cut ongoing interest payments down the road. The checks not only helped Americans with outstanding bills but boosted the overall economy.
"My research brief argues - contrary to several prominent critics - that the stimulus checks...
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Groups worry about tapping COVID relief for infrastructure

Groups worry about tapping COVID relief for infrastructure

WASHINGTON - Organizations representing long-term care facilities on Friday urged lawmakers working on a bipartisan infrastructure plan to avoid dipping into COVID-relief funds... Read more ...

Groups worry about tapping COVID relief for infrastructure

Groups worry about tapping COVID relief for infrastructure

WASHINGTON - Organizations representing long-term care facilities on Friday urged lawmakers working on a bipartisan infrastructure plan to avoid dipping into COVID-relief funds... Read more ...

Jeff Bezos' 18-year-old space-flight companion reportedly told him he had...

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The 7-day average cases is the highest since May 6th. The 7-day average hospitalizations is the highest since May 25th. This data is from the CDC . According to the CDC, on... Read more ...

Yellen outlines to Congress emergency measures on debt limit

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WASHINGTON - Treasury Secretary Janet Yellen told Congress on Friday that she will start taking emergency measures next week to keep the government from an unprecedented... Read more ...

The Latest: WH: US to buy 200M more doses of Pfizer vaccine

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WASHINGTON - The federal government is buying 200 million more doses of the Pfizer coronavirus vaccine to prepare for future needs, such as boosters and shots for kids under 12. Read more ...

Activision Blizzard influencers are turning their backs on the video game...

Activision Blizzard influencers are turning their backs on the video game giant after a bombshell lawsuit

Summary List Placement After a bombshell lawsuit was filed by the California Department of Fair Employment and Housing against video game company Activision Blizzard on... Read more ...