AMELIA, Italy — When the COVID-19 pandemic forced Roberto Ferraro to shut the patisserie he runs in Amelia, a scenic hilltop town in central Italy, he had just rented out a new site to increase production of ice cream and start selling it abroad.
"When can I get the money? The banks don't know. It depends - days, weeks, they don't know," Ferraro said. "In March we paid electricity bills and wages even though the government had closed us down and, unlike supermarkets, we couldn't sell Easter cakes."
While you're here, how about this:
Readers respond: That's our money we're getting - oregonlive.com
I keep reading about all these cities, businesses, families and individuals getting all this money from "the government." Wouldn't it be more truthful for news outlets to report that this money comes from the American taxpayer? Wake up, people. We will be paying this back for decades.
Today May Be Your Last Chance To Get Money Via The PPP And EIDL For Small Business—How To Apply
Let me explain: The initial iteration of the program ran out of its $350 billion of funding almost immediately, and small businesses that weren't funded initially have been cooling their heels since then. Congress, happily, has since reloaded the program with billions more dollars, which become available to the online system used by banks Monday morning (April 27) at 10:30 a.m. Eastern time.
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To give credit where credit is due (see what I did there?), smaller regional banks and credit unions did a great job the first time around, and are where I'd ideally suggest you go this time around as well. However, they are, by and large, only accepting applications from their existing banking customers, and, like everyone else in this landscape, they expect any new money to evaporate soon.
Stimulus checks need to arrive faster so Americans can get all the coronavirus money
So while we applaud the delivery of $1,200 stimulus payments from the CARES Act to Americans adjusting to the COVID-19 crisis, 70 million or more Americans are still waiting for their check to arrive in the mail.
Those waiting for stimulus checks to arrive face a difficult decision. You can deposit it into your bank account and wait for it to clear, but this process can take days. If you deposit your check on a Friday afternoon, for instance, your money likely won't be available until the following Tuesday at best. Or, like many people are forced to do, you can pay a check-cashing service to get your own money faster.
Other things to check out:
FBI warns about ‘money mule’ recruiters preying on people working from home |
The FBI’s Pittsburgh office is warning people to be wary of offers to earn money working from home during the mandated shut down to help curb the spread of coronavirus.
“Watch out for ‘work from home’ fraud schemes that take advantage of uncertainty to promise easy money for little or no effort,” Eugene Kowel, acting special agent in charge of the Pittsburgh office, said in a posting to the agency’s Twitter account.
These money and investing tips offer a common sense response to the coronavirus crisis -
These money and investing stories, popular with MarketWatch readers this past week, offer ways to manage your financial portfolio and to invest strategically during the coronavirus pandemic and afterwards.
The U.S. stock market is itself a forward-looking instrument.
This is the one leading economic indicator stock investors should follow
Value Line survey sees 8% annualized returns between now and April 2024, writes Mark Hulbert.
This respected market-timing model just flashed a bullish four-year outlook for stocks
IRS adds details to online stimulus money tool | TribLIVE.com
For nearly two weeks now, taxpayers have been able to use a tool on the IRS website to find out the status of their coronavirus stimulus money.
Now, the Get My Payment tool has been expanded to include more information about your payment from the government’s $2.2 trillion economic relief plan.
The new features include the date your check will be mailed out and why your payment has not yet been processed.
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• Payment Status: Means a payment is coming and will show either a date you can expect your money and whether it will arrive via mail or direct deposit, or that you are eligible but that a payment date has not been set.
On Politics: Rattling Money Out of Congress's Piggy Bank - The New York Times
Good morning and welcome to On Politics, a daily political analysis of the 2020 elections based on reporting by New York Times journalists.
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States across the country are confronting enormous shortfalls as the coronavirus's impact continues to deepen. The bipartisan National Governors Association has requested half a trillion dollars from the federal government to help states deal with lost tax revenue. But the latest coronavirus relief bill that President Trump signed on Friday didn't include any money for state or local governments.
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