Economy

COVID relief payment eligibility reduced

WASHINGTON, D.C. (NBC) – Senate Democratic leaders have struck a deal with President Joe Biden to give direct payments to fewer people in the next COVID bill. NBC News reports that every American who files taxes individually and makes up to $75,000 …

Oil prices up nearly 70% since election

(CNN) The price of oil is up nearly 70% since the election; that’s a record rise in the modern era. Analysts say the main reason for the increase is optimism that the worst of the pandemic is over and Americans will begin …

House prepares to vote on COVID rescue bill

WASHINGTON, D.C. (NBC) – Partisan lines are forming as the House prepares to vote on the $1.9 trillion “American Rescue Plan.” The bill is President Biden’s first legislative response to the pandemic and the Democratic majority in both the House and Senate …

Biden makes announcement on aid for small businesses

WASHINGTON, D.C. (CNN) – The Biden administration is opening COVID relief to more businesses. It announced an expansion of the Payment Protection Program designed to help minority-owned and very small businesses. Starting Wednesday, businesses with fewer than 20 employees will have an …