Monday, July 20, 2020

GOP coronavirus bill likely to include payroll tax cut and tie school money to reopening plans -

Some of these provisions are already sparking pushback from key Senate Republicans, and an even bigger conflagration with Democrats appears inevitable.

That clash could come on Tuesday, when Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows are set to meet with House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Charles E. Schumer (D-N.Y.) for the first bipartisan talks on what will almost certainly be the last major coronavirus relief bill before the November elections. Mnuchin and Meadows will also meet with Senate Republicans on Tuesday as they seek to quell any discontent.

Publisher: Washington Post
Date: 2020-07-20T22:08:32.614Z
Twitter: @WashingtonPost
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While you're here, how about this:

How to Manage Your Personal Finances With Microsoft's 'Money in Excel' Feature | PCMag

If you want to manage your financial accounts without a full-featured and expensive program like Quicken , Microsoft has a solution called Money in Excel . This new option helps you integrate your bank accounts and other financial data so you can track your expenses, spending habits, investments, and more.

Access to your financial accounts is performed through a third-party plugin provided by Plaid , which handles permissions between you and Microsoft. You connect your financial data to Plaid, but Plaid does not share login credentials with Microsoft. (For more information about the security and privacy aspects of this feature, check out Microsoft’s Money in Excel FAQ .)

Publisher: PCMAG
Twitter: @pcmag
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Bloomberg - Are you a robot?
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Smart Money Podcast: COVID Impulse Spending, and Building Credit While Paying Debt | Smart

This week's episode starts with a discussion of impulse shopping, and how pandemic-related anxiety can cause us to overspend as we try to comfort ourselves and assert control.

Then we pivot to this week's question from Corey, who asks, "What is a better method of paying off credit card debt and raising your credit scores? Should I reduce my credit utilization on all my cards or pay off one card with the highest rate?"

* * *

People love to argue about the "best" approach to paying off credit card debt. Is it the debt snowball (paying off debts by size, from the smallest to the largest)? The debt avalanche (paying the highest rate debt first)? The debt tornado (paying off the debt that enrages you the most)?

Publisher: madison.com
Date: 2020-07-20T11:00:28-0500
Author: Liz Weston
Twitter: @madisondotcom
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Were you following this:

How Robo-Advisors Manage Your Money In A Downturn

Investing can often seem like an intimidating endeavor that's pretty much out of reach for anyone who doesn't have a cool $50,000 lying around somewhere. After all, most brokerages and financial advisors require pretty high initial investments that can be a deterrent for people who are short on extra cash and are just starting out in the job market.

But of course, the whole process can seem pretty intimidating, and high fees and exorbitant initial investments may put off even the most enthusiastic but cash-strapped budding investor out there. Enter: the robo-advisors.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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The pandemic is making us question the connection between work and money.

An odd thing is happening during the COVID-19 crisis and its attendant economic collapse: the familiar relationship between money and work is disappearing. Most right-thinking Americans are more or less sure that money has some kind of intrinsic value that we possess when we earn it through work. As John Houseman said in the infamous television commercials made in the 1980s for the investment firm Smith Barney, "They make money the old fashioned way: they earn it.

We think of money as if it were a durable good, like a car. Certainly, you can buy a car with money, so why aren't they the same? The only difference, we imagine, is that you can't put the car in your pocket. Money is an equivalent and a convenience. But we don't stand before the car, and we shouldn't look at money as if it were a thing, a bank ledger sitting upon a desk. Rather, we are inside the world of money and commodities.

Publisher: Salon
Date: 2020-07-19 23:30:01
Twitter: @Salon
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Potential loss of guaranteed money becomes major issue for star players - ProFootballTalk

Various star players have spoken up on Sunday regarding the current failure of the NFL to provide players with a safe workplace that will be conducive to playing the 2020 season. Coincidentally, or not, star players with fully-guaranteed base salaries for 2020 have begun to realize that the league wants to not pay their fully-guaranteed salaries, if all or part of the season isn’t played.

Per a source with knowledge of the situation, the status of salaries guaranteed for skill, injury, and cap has become a major concern for players who presumed that fully guaranteed means fully guaranteed. The league, in its most recent proposal to the NFL Players Association, specified that “skill, injury, and/or cap guarantees do not apply to require payment for cancelled games.”

Publisher: ProFootballTalk
Date: 2020-07-19T21:56:49 00:00
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Chris Jones says Patrick Mahomes left money 'on the table' so that he could re-sign with Chiefs -

"When Pat's deal got done, Pat texted me and said 'Let's get this thing done. I left some on the table, let's get this thing done,'" Jones said, via Terez A. Paylor of Yahoo Sports . "And that's when I had the security that me and the Chiefs were going to work something out."

It's also clear, based on Jones' comments, that Mahomes values his contributors to the Chiefs' championship run. A Pro Bowl selection for the first time last season, Jones recorded nine sacks last season (after tallying a career-high 15 sacks in 2018) after moving from defensive end to defensive tackle.

Publisher: CBSSports.com
Twitter: @cbssports
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