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The week of March 19, the Federal Housing Finance Agency ordered federally guaranteed loan providers to grant forbearance of up to a year on mortgage payments from people who lost income due to the pandemic. It encouraged the same for non-federal loans and included a pass-through provision for landlords to grant forbearance to renters who lost ...
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, or activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.
But there are some pandemic relief benefits that are just now coming to an end. Nearly 30% of Americans with some college education are resuming monthly federal student debt payments this month ...
The pandemic unemployment assistance payments, which were approved in March as part of the government's fiscal stimulus package, known as the CARES Act, are set to expire July 31.
More than half of unemployment insurance recipients whose 2020 earnings dropped by 10% or more received benefits that met or exceeded the amount their earnings decreased.
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
Federal pandemic relief averted a rise in homelessness during the height of Covid-19, the Department of Housing and Urban Development said on Tuesday. ... expanded unemployment benefits and a ...