Tag: economy
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America’s disability lifelines are badly eroded when we need them most
Thousands of poor Americans and those with disabilities are missing out on much-needed income benefits during the pandemic. The Social Security Administration recently announced a 22% decrease from January 2020 to January 2021 in the number of people receiving Supplemental Security Income, or SSI, the benefit program available to the very poorest Americans. There are no January stats yet for the number of Americans receiving Social Security disability payments (SSDI), but the annual trend is clearly down, said Kathleen Romig, a senior policy analyst at the Center for Budget and Policy Priorities.
Cost of a single Bitcoin exceeds $50,000 for first time
The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time.
Dems propose $1,400 payments as part of Biden virus relief
House Democrats on Monday proposed an additional $1,400 in direct payments to individuals as Congress began piecing together a $1.9 trillion COVID-19 relief package that tracks President Joe Biden’s plan for battling the pandemic and reviving a still staggering economy.
Budget office expects $2.3T deficit before Biden relief plan
The Congressional Budget Office says the federal government is on track for a $2.3 trillion deficit this year, down roughly $900 billion from last year when the coronavirus pandemic led Congress to provide historic amounts of financial aid.
Stocks push to more gains, and record highs, on Wall Street
U.S. stocks notched more gains and pushed to new highs Monday, extending a winning streak that just gave the market its best weekly gain since November.
