Money

//

HBCU receives another million plus to enhance campus facilities

Courtesy of Livingstone College Livingstone College an HBCU in Salisbury, NC, has recently received an additional $1.2 million in grants and donations from various sources, fortifying its commitment to enhancing student services and campus facilities. The College received aĀ significant anonymous $8 million donation last monthĀ and has since secured various grants and donations to bolster its

More
A U.S. Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax form for the 2019 tax year is arranged for a photograph in Tiskilwa, Illinois, U.S., on Friday, March 20, 2020. Tax forms and payments wont be due to the Internal Revenue Service until July 15 this year, Treasury Secretary Steven Mnuchin said in a tweet, as the government looks for ways to respond to the coronavirus. Photographer: Daniel Acker/Bloomberg via Getty Images
/

The US tax code can make things even harder for Black Americans

By Jeanne Sahadi Racial and ethnic inequities exist in nearly every system of society. And when it comes to ways in which Americans typically build wealth, the US federal income tax code may be helping to increase those disparities. The code has been designed with the intention of being broadly progressive — meaning the less

More
A U.S. Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax form for the 2019 tax year is arranged for a photograph with a W-2 wage statement in Tiskilwa, Illinois, U.S., on Friday, March 20, 2020. Tax forms and payments wont be due to the Internal Revenue Service until July 15 this year, Treasury Secretary Steven Mnuchin said in a tweet, as the government looks for ways to respond to the coronavirus. Photographer: Daniel Acker/Bloomberg via Getty Images
/

Why you may have to wait until next year’s tax season to claim all your stimulus benefits

By Tami Luhby and Katie Lobosco Millions of struggling Americans are already accessing the assistance from the Democrats’ $1.9 trillion relief packagethat President Joe Biden signed earlier this month — including stimulus payments and enhanced unemployment benefits. But not all the aid in the massive law will be available right away. In fact, eligible Americans

More
Customers stand in line to enter a Trader Joe's Co. grocery store as snow falls in the Chelsea neighborhood of New York, U.S., on Wednesday, Dec. 16, 2020. A major winter storm is zeroing in on more than 51 million people in the eastern U.S. and may bring New York City its heaviest December snow in 10 years. Photographer: Angus Mordant/Bloomberg via Getty Images

The US economy was stronger than we thought last quarter. But it still wasn’t strong enough

By Anneken Tappe, CNN Business The US economy fared ever so slightly better in the fourth quarter of 2020 than initially thought. The nation’s gross domestic product grew at an annualized and seasonally adjusted rate of 4.1%, the Commerce Department reported in its second reading of the data on Thursday. That’s up from the annualized

More
CHICAGO, ILLINOIS - JANUARY 15: Demonstrators participate in a protest outside of McDonald's corporate headquarters on January 15, 2021 in Chicago, Illinois. The protest was part of a nationwide effort calling for minimum wage to be raised to $15-per-hour. (Photo by Scott Olson/Getty Images)
/

Everything you need to know about the debate over the $15 minimum wage

By Zachary B. Wolf, CNN House Democrats have included a minimum wage hike in their latest Covid relief bill, although opposition among some Senate Democrats means it is not at all clear they will have the votes to pass it. Improving worker pay is unrelated in that raising the minimum wage has long been a

More