The proposed stimulus check plan includes $600 in direct payments to individuals and $300 per week in unemployment benefits.
The check is a one-time payment for people who have been out of work for a long time. It’s not a loan or tax refund, it doesn’t need to be repaid, and you don’t want to spend it on anything frivolous (or even non-frivolous).
The goal is to avoid doing too much harm by putting money into an economy that’s already losing steam because of the financial crisis. The hope is that paying people can help prevent layoffs and keep businesses open during this recessionary period.
You may be wondering, “What is the stimulus check?” or “How much is the stimulus check?” The answer to both of these questions is: it depends.
It depends on whether you are eligible for it and when you were born. For example, if you were born before 1942 and live in Idaho, then your stimulus check would be $2.
The second part of this question involves what exactly the checks will be used for. According to California Governor Gavin Newsom’s press secretary Dave Martinez-Cid,”We want families to spend their checks on things that help their communities thrive.”
Stimulus Check Dispatched By States
As of now, stimulus payments have only been available to people making less than $75,000 per year. But it will be interesting to see if lawmakers will include a second wave of payments in their new relief bill and if so, how they’ll regulate the amounts.
AIG’s lawsuit against Goldman is back on after a federal judge ruled that the case can proceed despite AIG having already received billions from Goldman Sachs during the financial crisis.
Britain may have just done the math on its Brexit deal. It might even be enough to satisfy its European counterparts—but it comes at a cost that could cause several headaches for British citizens who live overseas and are hoping to retain their citizenship rights after Brexit happens next month (assuming everything goes according to plan).
Eric Schmidt has quit his role as executive chairman at Google parent company Alphabet Inc., leaving behind one of the most powerful positions in tech with no immediate successor lined up.
