Month: June 2020

Rep. Bobby Rush, D-Ill. Ralf-Finn Hestoft | Corbis | Getty Image The bill, called the Student Recovery Eligibility for Low-Income Individuals to Exact Funds (RELIEF) Act of 2020, would make students receiving Pell Grants eligible to receive $1,200 stimulus checks. Federal Pell Grants are need-based funds given to low-income students to help them complete their
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Jacy and Seth Boyack reopened their Arizona massage spa earlier this month from pandemic-driven closures. But they shut Citrus Massage back down after four days, citing safety concerns from the Covid-19 outbreak.  In an interview Monday on CNBC’s “The Exchange,” Jacy Boyack said that even working the front desk, she felt concerned.  “I’m not a massage
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By Bob Blancato, Next Avenue Contributor and Elder Advocate Getty As the national coordinator of the national and grassroots advocacy group, the Elder Justice Coalition, I believe the need to address elder justice has become even more urgent recently. Congress appears to think so, too. Elder justice is the holistic approach of preventing and handling
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A person holding a remote control pointing at the TV. Getty Lawrence A. Zelenak, the Pamela B. Gann Professor of Law at Duke University School of Law, shares his findings from watching dozens of hours of tax-related sitcom episodes. This post has been edited for length and clarity. David Stewart: Larry, welcome to the podcast. Lawrence
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The CEO of a Houston-area hospital system told CNBC on Monday that Texas’ spike in coronavirus cases is impacting a greater number of people under 50 than earlier in the pandemic.  “We are definitely seeing this affect young people, and they’re getting quite ill,” Houston Methodist CEO Dr. Marc Boom said on “Squawk Box.” ”So we really
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A Burger King sign outside a restaurant in Glendale, California. Robyn Beck | AFP | Getty Images Burger King’s U.S. same-store sales are trending flat as customers return to its locations for Whoppers and french fries.  The Restaurant Brands International chain saw its same-store sales plunge by mid-30s in March as the coronavirus pandemic led consumers
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Fracking giant Chesapeake Energy’s bankruptcy filing comes following a financial mess at the company that included no budgets, a massive wine collection and a nine-figure bill for parking garages, sources told CNBC’s David Faber. CEO Robert D. “Doug” Lawler found in examining the company’s books a $110 million bill for two parking garages, Faber reported
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The Internal Revenue Service is working through a huge backlog of returns and correspondence. Getty Tax refund delays, collection notices with past due dates, and missing stimulus payments are some of the issues taxpayers are facing due to the impact of the coronavirus pandemic on IRS operations, according to The National Taxpayer Advocate’s mid-year report
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Freddie Mac and Fannie Mae announced that multifamily property owners currently in forbearance can … [+] extend the payment suspension period for three more months for a total of half a year. As long as forbearance lasts, owners cannot evict renters. Getty The government agency that oversees mortgage buyers Fannie Mae and Freddie Mac announced
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A China Eastern Airlines aircraft stands on the tarmac at the Pudong International Airport in Shanghai, China, on Monday, June 8, 2020. Qilai Shen | Bloomberg via Getty Images China’s struggle against the economic overhang of the coronavirus is far from over. Renewed limits on social activities has dampened the pace of recovery, as evident
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