The U.S. retail sales were much higher than economists projected in January, ending a multi-month streak of underperformance, according to the Commerce Department.
Retail sales increased 5.3% and totaled $568.2 billion in January, according to the Department of Commerce report released Wednesday. Economists had predicted retail sales to increase by 1.2%, The New York Times reported. Read More
One Michigan Democrat is leading the charge against her own party’s proposal to put income caps on the latest batch of stimulus check.
“If they succeed (in capping stimulus checks at $50,000 in income), it would leave millions of suffering families out of this relief bill,” Rep. Rashida Tlaib (D-MI-13). Read More
A Hill-Harris X poll found 75% of voters said the $600 stimulus checks were “too little,” the Hill reported Monday.
The poll was done from Dec. 30 until Jan. 3 and 15% said the checks were the right amount while eight percent said the amount was excessive, according to The Hill. Most from political parties were in agreement that the $600 wasn’t enough, with 77% of Democrats and independents and 71% of Republicans in agreement. Read More
A second round of stimulus checks, this time in the amount of $600, is being sent out this week, the U.S. Treasury Department said Wednesday.
Referred to as economic impact payments, the $600 check individuals will receive is part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, a bill President Donald Trump signed Sunday. Read More
Senate Majority Leader Mitch McConnell introduced legislation authorizing direct cash payments of $2,000 Tuesday, but with a catch to which Democrats will likely object.
The bill combines $2,000 payments with a repeal of Section 230, a provision that grants social media companies liability protections against content users post on their platforms, and the establishment of a commission to study allegations of voter fraud in the 2020 election. Read More
U.S. Rep. Tom Emmer, a Republican, was the only member of Minnesota’s congressional delegation to vote against a measure to increase COVID-19 stimulus checks to $2,000.
All of Minnesota’s Democratic members of Congress voted in favor of the proposal, which passed the U.S. House Monday in a vote of 275-134. Read More
President Trump on Tuesday ripped Senate Majority Leader Mitch McConnell for blocking a bipartisan House-approved bill that would have provided millions of Americans with a $2,000 relief check. Read More
Vermont Independent Sen. Bernie Sanders said that he will filibuster a Senate override of President Donald Trump’s military bill veto unless the chamber votes on legislation providing $2,000 checks to Americans.
“McConnell and the Senate want to expedite the override vote and I understand that,” Sanders told reporters Monday evening. “But I’m not going to allow that to happen unless there is a vote, no matter how long that takes, on the $2,000 direct payment.” Read More
The House has voted to expand direct payments to the American people from $600 per adult and $600 per child in the year-end Covid relief legislation signed into law by President Donald Trump, to $2,000 per adult and $600 per child, a move the President supports.
Under the newly signed law, an average family of four will be receiving a $2,400 check via direct deposit from the U.S. Treasury, coming atop the $3,400 they received in the CARES Act in the spring — a combined $5,800 in 2020 alone. Read More
Three of Virginia’s Republican congressmen voted against the Caring for Americans with Supplemental Health (CASH) Act on Monday night, noting that while the bill would increase a taxpayer stimulus from $600 to $2,000, it failed to include the necessary budget cuts. Despite that, the bill did pass the House, 275 to 134. Read More
Republican Sen. Josh Hawley and Democratic Sen. Bernie Sanders joined forces Thursday, introducing an amendment that would provide direct cash payments to Americans as part of any additional coronavirus relief that Congress passes.
The unlikely allies agree that Congress should not leave Washington before passing a relief package, and that any such package must include direct payments to help mitigate the economic hardship inflicted on millions of Americans due to the coronavirus pandemic. Read More
Nearly 1.1 million coronavirus relief payments totaling some $1.4 billion went to dead people, a government watchdog reported Thursday.
More than 130 million so-called economic impact payments were sent to taxpayers as part of the $2.4 trillion coronavirus relief package enacted in March. The Government Accountability Office, Congress’ auditing arm, cited the number of erroneous payments to deceased taxpayers in its report on the government programs. Read More
Congress is preparing another coronavirus relief package, President Donald Trump said, which includes another direct cash payment to Americans.
“Yeah, we are … We will be doing another stimulus package. It’ll be very good, it’ll be very generous,” Trump told a Scripps reporter Monday. “I think over the next, I think it’s going to be bi-partisan, I think it’s going to be over the couple of weeks, probably.” Read More
A glitch within the Internal Revenue Service (IRS) has reportedly led to as many as thousands of foreign nationals receiving coronavirus stimulus checks intended for U.S. residents. Read More