By Annie Nova, CNBC There’s been a sharp uptick in the number of student loan borrowers hitting the pause button on their monthly bills. The U.S. Department of Education offers two primary ways to postpone your payments — deferments and forbearances. Between those statuses, more than a
Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check. The IRS said it’s distributing about $2.4 billion to taxpayers who failed to claim a
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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 a significant anonymous $8 million donation last month and has since secured various grants and donations to bolster its
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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
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By Jazmin Goodwin This year, Equal Pay Day falls on March 24, a date that symbolizes how far into the year women must work to earn the same as men did in the previous year. The most recent estimates show women across the nation earned about 82 cents for every dollar earned by men, according
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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
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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
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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
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