$2000 4th stimulus check update and recurring stimulus check update, plus Schumer demanding the Senate to get the $1.2T and $6T stimulus packages done, the growing demand for the 4th stimulus check, President Biden announces $600 stimulus checks will start arriving this month and lastly, all the stimulus that’s coming your way: SSI, Child Tax Credits, Earned Income Tax Credit, even the latest news on the unemployment lawsuits. It’s all here, guys, so just stay right there. Central banks can’t get enough stimulus, that’s what the headline news said! It says here both the European Central Bank and the US Federal Reserve are saying they won't react to inflation of more than 2% by immediately hiking interest rates. And that means more stimulus for longer as the global economy recovers from the pandemic. This reminds me of Biden saying that the weak jobs report last April ‘makes clear’ need for more stimulus. The $250-$300 monthly child tax credit alone is enough to bring our hopes up for recurring stimulus checks. According to NBC News, President Joe Biden highlighted that many parents will begin getting checks in the mail this month under the new child tax credit as he seized on a strong jobs report to argue his economic policies are working. As part of the $1.9 trillion American Rescue Plan approved in March, the federal government will start sending out monthly checks to parents who qualify for the annual credit of $3,600 per child under 6 and $3,000 for those older. Biden said a middle-class family with two young children can expect a monthly check of $600 for the next 12 months. The U.S. economy gained 850,000 jobs in June and the unemployment rate rose to 5.9 percent from 5.8 percent as more Americans entered the job market looking for work. Economists had expected gains of roughly 700,000 jobs. The biggest gains were in the leisure and hospitality industry as more widespread vaccinations have led Americans to increase activities like air travel, staying in hotels and eating in restaurants. And if you’re on social security, don’t worry, I’m not forgetting about you. In fact, the biggest news is for you, guys. President Joe Biden fired Social Security Commissioner Andrew Saul and his top deputy on Friday afternoon.
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Trying to time the stock market and guessing what's ahead is certainly not a great investment strategy for making more money fast. SBA (Small Business Administration) is no longer accepting PPP (Paycheck Protection Program) applications from participating lenders. Retroactive stimulus checks and direct payments are being negotiated in this second stimulus package along with unemployment benefits and extended unemployment insurance benefits such as PUA, PCUA, Pandemic Unemployment Assistance, regular unemployment insurance benefits, PEUC.
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