The Biden Administration tax credit will begin hitting bank account as soon as today.
According to a press release distributed earlier today, the Internal Revenue Service and the U.S. Department of the Treasury announced that the first round of the American Rescue Plan's Child Tax Credit (CTC) monthly payments will start being issued on July 15.
(Wall Street Journal) — The Obama administration’s latest attempt to jump-start small-business lending is facing headwinds even before it launches. The U.S. Treasury Department plans to release in coming days the criteria banks must meet to tap a $30 billion lending fund aimed at helping small businesses. The program is expected to include enticement for smaller […]
(Chicago Sun Times) — A stimulus program that has given job training and work experience to 26,000 low-income Illinoisans will end today unless Congress extends its funding. Gov. Quinn extended the “Put Illinois to Work” program for two months past its original Sept. 30 expiration date by allocating $75 million in state money on Sept. […]
(Washington Informer) — President Barack Obama reached another significant milestone on the long difficult road toward economic recovery of the economy in the United States when General Motors (G.M.) recently launched one of the largest initial public offerings (IPO) in American history. I believe that the proper stimulus investment in the African American business community […]
(Crain’s) — A federal stimulus program that provided 2,300 Georgians with jobs will expire today — unless Congress agrees to an extension. But state officials acknowledged that the program failed to meet its goals. The state had hoped to provide jobs for 5,000 people, and it used only half of the $21 million that it […]
(AP) — Politicians on Friday cast Illinois as a pioneer for being the first to roll federal stimulus money into a high-speed passenger rail line, claiming that the jobs, tourism and traveler convenience anticipated from the St. Louis-to-Chicago route justifies the $1.1 billion taxpayer tab. Using an Amtrak locomotive and two passenger cars as a […]
(AJC) — Georgia has won another cut of stimulus money to spread high-speed Internet and wireless access in underserved areas through three projects. Gov. Sonny Perdue on Tuesday announced $14.9 million for broadband expansion in rural areas of the state Read More…
(Chicago Sun Times) –Kevin Plattner realized that he might have a tough time finding work in his college major — music composition — so he was glad to get a training job involving his love of the visual arts. Plattner is earning $10 an hour restoring and designing stained glass at Solstice Art Source Inc., […]
(Washington Business Journal) — Maryland ranks No. 7 in the nation for the number of jobs that have been created since passage of the American Recovery and Reinvestment Act, and Virginia ranks No. 9, though growth in stimulus-created jobs in both states will lag other states the remainder of the year, according to a report […]
(CNN Money) — Earlier this year, Senator Evan Bayh of Indiana stunned Democrats when he announced that he wouldn’t seek reelection in November, making it likelier for his party’s command of the Senate to fade come fall. Read More…
(New York Times) — President Obama’s auto task force pressed General Motors and Chrysler to close scores of dealerships without adequately considering the jobs that would be lost or having a firm idea of the cost savings that would be achieved, an audit of the process has concluded. Read More…