Administration ramps up outreach on child tax credit
The IRS is sending out letters to taxpayers who may be eligible based on information it has from tax returns and distributing stimulus checks, among other measures.
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The IRS is sending out letters to taxpayers who may be eligible based on information it has from tax returns and distributing stimulus checks, among other measures.
The federal fund for restaurants and bars had three times as many applications as its initial funding could pay for.
The IRS has started sending letters to households who may qualify for monthly payments of up to $300 per child.
Unemployment claims in the U.S. have hit their lowest number since the beginning of the pandemic. This comes as several states seek to end federal unemployment benefits. The Associated Press reporter Christopher Rugaber joined CBSN's Lana Zak to discuss.
The first payments will be made on July 15 and subsequent payments will continue to be made monthly through the end of the year.
Monday, May 17 is the deadline to file 2020 income taxes, after the IRS pushed back the deadline due to the coronavirus pandemic. Many people who have already filed are still waiting for their refunds. CBS MoneyWatch reporter Aimee Picchi joins CBSN AM to discuss.
GOP attorneys general battling the Biden administration in court argue guidance from the Treasury Department does not bring the tax provision within constitutional bounds.
President Biden is trying to ease concerns about the nation's economic recovery after Friday's jobs report showed far fewer jobs were added to the economy than expected. CBS News senior White House correspondent Weijia Jiang joins CBSN's Lana Zak to discuss.
The application process for the $28.6 billion in funding for restaurants, bars and other small food and beverage businesses hit hard by the coronavirus pandemic, launched Monday as part of the $1.9 trillion American Rescue Plan passed earlier this year. President Biden spoke at the White House about the importance of the industry to the economy's recovery.
President Joe Biden delivered his first address to a joint session of Congress on Wednesday. CBSN Washington reporter Caitlin Huey-Burns, CBS News chief Washington correspondent Major Garrett, CBS News political analyst Leslie Sanchez, and CBS News political contributor and Democratic strategist Joel Payne join CBSN's "Red & Blue" host Elaine Quijano to discuss. Read more here.
President Biden is set to deliver his first address to a joint session of Congress on Wednesday, just two days before his 100th day in office. CBS News correspondent Christina Ruffini along with White House correspondent for The Washington Post and CBSN political contributor Sean Sullivan join CBSN's Lana Zak with a progress report on some of Mr. Biden's campaign promises.
Many people with jobs affected by the pandemic may soon be returning to work. President Joe Biden's $1.9 trillion stimulus package will also help create millions of new jobs for those in the public sector who were furloughed or laid off. State and local governments are hoping these new opportunities will bring jobs numbers back to pre-pandemic levels. CBS News reporter Sarah Ewall-Wice joined CBSN's Elaine Quijano to discuss.
Democratic Representative Ritchie Torres says the American Job Plan proposed by the White House will help at home and abroad, but says funding levels for affordable housing don't go far enough.
The U.S. Department of Labor is reporting the lowest number of new jobless claims since the COVID-19 pandemic began. BancAlliance co-president Lori Bettinger joined CBSN to explain what these new numbers mean and how infrastructure could be a key to rebuilding the economy.
Republican attorneys general argue a provision in the $1.9 trillion package is unconstitutional and hamstrings their efforts to lower taxes.
Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen said Tuesday that the U.S. avoided a major economic crisis thanks to two stimulus packages in 2020 and 2021. CBS News reporter Sarah Ewall-Wice joins CBSN's Elaine Quijano to discuss what was covered during the first part of the two-day hearing.
President Biden's stimulus package expands Medicaid coverage for new mothers from 60 days after delivery to a year after delivery. Jamie Daw, an assistant professor of health policy and management at Columbia University, joined CBSN's Elaine Quijano to discuss.
President Biden's American Rescue Plan authorized $122 billion for educational funding. But some worry it may not be enough for Black and Brown students who were disproportionately affected by COVID-19. Gabrielle Wyatt, founder of the Highland Project and former executive director of strategy for Newark, New Jersey, public schools, joined CBSN to discuss the inequality of school funding in the U.S. and what needs to be done to close the gap.
The IRS has extended the filing deadline, but has yet to issue rules for workers who received unemployment benefits.
President Biden, Vice President Harris and their spouses are traveling across the country to highlight the American Rescue Plan that was signed into law last week. The coronavirus relief bill earmarks about $50 billion in aid for small businesses. CBS MoneyWatch senior reporter Stephen Gandel joins CBSN to put the bill into context.
President Biden and first lady Jill Biden are traveling the country as the White House makes its pitch to the American people about the benefits of the $1.9 trillion American Rescue Plan. CBS News contributors Antjuan Seawright and Leslie Sanchez joins CBSN's Tanya Rivero to give their analysis of the politics surrounding the plan.
Before traveling to Colorado to promote the Biden administration's COVID relief package, Vice President Kamala Harris delivered a pre-recorded message to the United Nation's Commission on the Status of Women. CBS News White House reporter Tim Perry spoke to "Red and Blue" host Elaine Quijano about how the vice president is shaping her role.
"This fund is like the oxygen in CPR. If we didn't have that, we would be dead," one restaurant owner said.
Temporary overhaul will provide most families with monthly income. That could be a "game changer," experts say.
The $1,400 stimulus checks are already hitting people's bank accounts. But some may be in for a longer wait or get less than they should.