When the U.S. government sent out stimulus payments during the pandemic, it made a mistake. It sent more than a billion dollars to dead people and to citizens of other countries who are not eligible for the money. Sacha Pfeiffer of NPR's Investigations team has learned the IRS is trying to get some of that money back, and it is causing legal mayhem overseas.
SACHA PFEIFFER, BYLINE: Craig Reffner is a lawyer who, about 25 years ago, moved from the United States to Micronesia in the Pacific Ocean, but he's kept his U.S. citizenship and files U.S. taxes, which makes him eligible for stimulus payments. He put his first one for $1,200 in his account at the Bank of Guam.
North Carolina: Awash in money and uncertainty - EducationNC
North Carolina has entered a remarkable — and remarkably fraught — period of decision-making. State government is awash in an extraordinary flow of money, and yet awash in budgetary uncertainty as well.
A revealing moment came this week when Democratic Gov. Roy Cooper attached numbers to budget-target negotiations between House and Senate Republicans that the legislators had yet not disclosed. House Republicans and Senate Republicans have gone back and forth privately with budget-target offers. The News and Observer subsequently reported on a budget document indicating legislators closing in on a target between $25.5 billion and $25.9 billion.
Unemployment ending early: Some states giving bonus money to 'return to work' - CNET
Just like it sounds, a handful of states are making plans to send a back-to-work check to unemployed workers who take local jobs. Each state has guidelines for who qualify for the bonus: Arizona, for example, is requiring unemployed workers start between May 13 and Sept. 6. In New Hampshire, workers need to work for eight consecutive weeks in a job that pays $25 or less an hour. See below for which states are offering a bonus and the\ir requirements.
At least four states that are canceling the $300 bonus checks -- Arizona, Montana, New Hampshire and Oklahoma -- are offering a bonus to workers who accept a job. Other states -- including Colorado and Connecticut -- are continuing the $300 payments but offering their own new-job bonus. Each state has slightly different requirements for receiving the money, so check with your state for guidelines.
Bloomberg - Are you a robot?
Baker sends $109 million in federal stimulus money to four hard-hit communities amid spat with
Amid a squabble with state lawmakers, Governor Charlie Baker said Friday he is unilaterally releasing $109 million in federal stimulus funds to four communities that received far less than neighboring towns and cities under the federal COVID-19 relief law.
Baker's decision to seed the money to Chelsea, Everett, Methuen, and Randolph came days after he publicly sparred with legislative leaders, who said they intend to seek control over how the state spends nearly $5.3 billion in federal American Rescue Plan funds currently sitting in an account under Baker's budget office.
Love and money: What banks can learn from fintechs' apps for couples | American Banker
Conflicts about mismatched budgeting styles or forgotten bills can lead to serious strife in a romantic relationship. A number of fintechs have sprung up in the past few years that go beyond offering traditional joint accounts to get at the root of these problems.
Tension over money matters is common in committed relationships: TD Bank's sixth annual Love and Money survey found that in 2020, 86% of couples surveyed talk about finances at least once a month, with one in three of those pairs arguing about it. At the same time, attitudes about combining finances are changing and making household budgeting more complex.
Keep an Eye on the Money Supply. It's Been Shrinking. | Barron's
This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron's.
Paulsen's Perspective
The Leuthold Group
June 3: Many investors worry what will happen when the Federal Reserve finally begins tapering. Quit worrying. Tapering has been happening for the past three months! Annual growth in real M2 money supply contracted from its February high of slightly above 25% to 13.8% in April. Moreover, annual growth in the nominal money supply declined from 27% to just under 18% over this period, and higher inflation has reduced the real supply even further.
Don't Waste Your Money: Fake Amazon Reviews
Do you read Amazon reviews before you purchase a product? A new report reveals that many of those reviews may have been paid for by the sellers themselves.
Whether shopping Amazon or Walmart many of us, like Missy Verdin read reviews first. “Depending on the product, if I don’t know the product I always read the reviews and that determines what I buy,” Verdin said.
But more and more shoppers like Katie Maddock have their suspicions. “Do you trust those online reviews? Not always,” Maddock said. Dimitrius Casem doesn’t trust them. “I mean, one person can say one thing, and you can go in there and find something totally different,” Casem said.
On The Money: Key takeaways from May jobs report | Biden rejects new GOP infrastructure offer as
Happy Friday and welcome back to On The Money , where we cannot advise spending $100,000 on a chicken nugget . I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.
THE BIG DEAL: Key takeaways from May jobs report: Politicians, economists and lawmakers are all pouring over the May jobs report that showed the U.S. added jobs as the unemployment rate fell.
Specifically, the economy gained 559,000 new workers and the jobless rate dropped to a pandemic-low of 5.9 percent.
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