Gun sales on pace for record year
Pandemic, mass shootings, concern over gun legislation all playing roles.
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Pandemic, mass shootings, concern over gun legislation all playing roles.
Average refund is almost $3,000, but more taxpayers are facing delays this year due to IRS staffing and tax changes.
The Department of Labor reports 473,000 Americans filed new jobless claims last week, down 34,000 from the previous week and the lowest number since the beginning of the pandemic. Lori Bettinger, president of BancAlliance and former director of the Obama administration's Troubled Asset Relief Program, joined CBSN to discuss what the numbers mean for the U.S. economy.
President Trump signed a bipartisan $900 billion COVID-19 economic relief package Sunday, ending a days-long standoff with Congress. The bill also includes $1.4 trillion in funding to avoid a government shutdown. CBS News' Debra Alfarone joins CBSN AM with the latest.
The IRS is holding 29 million tax returns for manual processing, delaying tax refunds for many Americans, according to the National Taxpayer Advocate Service, an independent arm of the tax agency that looks out for consumers' interest. Some taxpayers are fretting on social media about weeks of waiting for their money. CBS News Moneywatch reporter Aimee Picchi joins CBSN AM to talk about the delays.
Officials say their next challenge is making sure low-income families know they are eligible.
Private debt collectors can claim all or part of your $1,400 check. Officials in N.J. and other states are blocking them from doing so.
The IRS warns some people might not get what they expect. Here's why supplemental stimulus payments may fall short.
About 30 million people who rely on Social Security have been angered by delays in the $1,400 checks.
A new report warns the backlog will have a "significant impact" on taxpayers.
"To me, 'shortly' is two to three days, not two weeks," one retiree said as he awaits the latest round of government cash.
After asking about the delay, lawmakers say the Social Security Administration sent payment data to the IRS on Thursday.
Tax agency says many payments will be sent in the mail. Some Social Security recipients say they're still waiting.
Many Americans are planning to their new $1,400 stimulus checks in the stock market. Companies like Amazon, GameStop, and AMC Entertainment may start seeing a boost over the next few weeks, but some finance experts are concerned. CBS MoneyWatch senior reporter Stephen Gandel joins CBSN's Elaine Quijano to break it all down.
About 4 in 10 adults are living on less income than a year ago, with many planning to use the payment to pay off debt.
At least one legendary investor, though, says stimulus checks flowing into the market will lead to a "spectacular bust."
This week's jobs report shows a jump in new unemployment claims after several months of decline. Bankrate senior economic analyst Mark Hamrick joins CBSN to explain the latest spike and how President Biden's stimulus package may reverse the trend.
Banks say they won't have the money until Wednesday, although the IRS began sending the funds over the weekend.
Washington Post economics correspondent Heather Long joins CBSN's "Red & Blue" anchor Elaine Quijano to explain why millions of people who filed their taxes early are still waiting for their refunds, and how stimulus payments might be causing a delay. The IRS is delaying this year's deadline to May 17.
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.
President Joe Biden and Vice President Kamala Harris are traveling the country to highlight how their $1.9 trillion dollar COVID relief plan will benefit small businesses. CBS News senior White House correspondent Weijia Jiang joins CBSN with more on that, plus how the administration is responding to the surge of migrant children at the southern border and the disturbing wave of attacks on Asian Americans.
President Biden is traveling to Pennsylvania to promote the benefits of his recently signed COVID-19 relief plan. Weijia Jiang speaks with two families waiting to receive stimulus checks about whether they'll use them to stimulate the economy or pay off expenses.
President Biden visited Pennsylvania to promote his COVID-19 relief bill that sends $1,400 checks to eligible Americans. The bill also helps fund vaccination centers in underserved communities. Ed O'Keefe has more.
The IRS is now starting to distribute the third round of stimulus checks, worth up to $1,400 per eligible adult and child. But the timing of getting a check may depend partly on a bank's policies, with some customers of JPMorgan Chase and Wells Fargo expressing frustration after the banks said the coronavirus relief payments won't be available until March 17. CBS Los Angeles reports.
President Biden will be criss-crossing the country this week to promote the benefits of the American Rescue Plan, as direct checks start to arrive for millions of Americans. National Economic Council deputy director Bharat Ramamurti joined CBSN's Tanya Rivero to discuss the impact the legislation will have on the economy.