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President Donald Trump has signed an unprecedented $2.2 trillion economic rescue package into law, after swift and near-unanimous action by Congress this week.
Congressman John Rutherford praised members of the House for making something happen quickly, saying, "While the bipartisan legislation we passed today is not the bill I would have written, it is the best that could be negotiated."
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Individuals would be due up to $1,200 and couples would receive up to $2,400 -- plus $500 per child.
Other things to check out:
Ask the experts: How much stimulus money will you receive? | KOMO
How to get more money from FAFSA | Fox Business
Not happy with the money your school awarded you? Here are five ways to get more financial aid. ( iStock )
With the costs of a four-year college education clocking in at tens of thousands of dollars per year, it’s no surprise that a large portion of today’s students need financial aid to get by.
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The Free Application for Financial Aid , more commonly known as FAFSA, is the key to getting that aid — at least at the federal level.
Suze Orman's money advice for the coronavirus era
But the money guru says that's not easy, with jobs disappearing, hours being shortened, markets crashing and retirement balances shrinking .
Still, she says you just need try to look past the "now" and stay focused on your long-term financial goals.
Here are 12 do's and don'ts Orman has been sharing, to help you survive the financial crisis accompanying the current health crisis.
Quite a lot has been going on:
Opinion: Where is the research money for COVID-19? – Getaka
With President Trump’s signature on the enormous $2.2 trillion stimulus package to provide relief to about anyone who is losing business or income due to COVID-19, one thing is notably absent from the discussion: research funding.
Despite the strong groundswell of researchers and scientists coming together to innovate and provide lasting solutions to this crisis, I am not aware of a laboratory that has actually received federal funding for COVID-19 research. We are 11 weeks into this aggressive, rapidly spreading pandemic, but we have not received funds to study transmission dynamics or the biology of the virus to develop badly needed vaccines, therapeutics or rapid diagnostics.
How to weigh the options before taking money out of your nest egg
The Senate just passed a $2 trillion stimulus package — the Coronavirus Aid, Relief and Economic Security Act, or CARES Act. The House approved the package on Friday. Among other benefits, the bill would change how people can access retirement savings.
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First, you are selling at a loss after the market dipped so steeply, says Chad Parks, founder and CEO of retirement plan provider Ubiquity Retirement and Savings in San Francisco.
More from Invest in You:
Make your money work harder for you during the pandemic
Panic shopping and fleeing to cash seem to go hand in hand
How to prepare for a family member with COVID-19
67-year-old millionaire: 6 biggest money lessons I regret not teaching my kids
Looking back, at 67, one of my biggest parenting regrets is not prioritizing my kids' financial literacy. (It's a bit ironic, given that my entire career has always revolved around personal finance.)
My children are all grown up now, with kids of their own. But if I could go back in time, these are the lessons I would have instilled when they were young:
Kids need to learn that if they really want something, they should wait until they've saved enough money to buy it on their own.
What to do with your money and how to prioritize your payments | wfaa.com
DALLAS — Many people across the country are trying to figure out how to do the most with the money they already have. Here are some tips to reduce monthly payments and avoid penalties during an unprecedented pandemic.
Most people build their days and weeks around routine. Some involve a trip to the gym, to the coffee shop or a certain mall.
Now that many of those routines are broken because of the impact of COVID-19, it's a good time to assess where your money has been going on a regular basis.
Happening on Twitter
See if you can claim benefits or get more money on your current benefits due to the current crisis 👉… https://t.co/HFzjcQ80oF CitAdviceScot (from Scotland) Fri Mar 27 13:30:31 +0000 2020
How much do I get? When will I get it? Here are some answers to your questions about the stimulus bill. https://t.co/eO5jXahOFr wjxt4 (from Jacksonville, Fla.) Fri Mar 27 19:15:00 +0000 2020
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