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FAA says US airports will get $8 billion in pandemic relief

WASHINGTON (AP) — Airports around the country will share $8 billion in federal grants to help them recover from the pandemic, which caused a steep drop in air travel and a loss of revenue that airport...

Taiwan's pandemic subsidy for households with children open to applications from Tuesday

TAIPEI (Taiwan News) — Households eligible for the new NT$10,000 (US$345) COVID-19 subsidy can apply online from Tuesday (June 15), and the government will begin doling out the money Friday (Jun...

KMT suggests Taiwan government dole out NT$10,000 to citizens in cash relief

TAIPEI (Taiwan News) — The Kuomintang’s (KMT) caucus in Taiwan’s Legislative Yuan is suggesting that the government dole out NT$10,000 (US$345) to every national as a general pandemi...

Treasury sends out additional 37 million in relief payments

WASHINGTON (AP) — The Treasury Department said Wednesday that it has sent out another 37 million economic impact payments, bringing the total disbursed in the past two weeks to $325 billion. ...

Biden's disciplined agenda rollout tested by the unexpected

WASHINGTON (AP) — The Biden administration has taken tremendous pride in methodically unveiling its agenda, particularly the $1.9 trillion pandemic relief measure the president hopes to trumpet over t...

Survey: Business economists favor increased federal spending

WASHINGTON (AP) — A majority of business economists think the recovering economy will benefit from much more government spending despite concerns in financial markets that the $1.9 trillion COVID-19 r...

COVID tax break could open door to student loan forgiveness

The tax break on college debt cancellations in the COVID-19 relief package signed last week by President Joe Biden has removed a potential roadblock to forgiving student loan debt: taxes . ...

IRS says new round of COVID relief payments on the way

WASHINGTON (AP) — Officials at the Treasury Department and Internal Revenue Service said Friday that processing the new round of stimulus payments has already begun, with the aim of having the first p...

Business Highlights

___ Defying rules, anti-vaccine accounts thrive on social media SAN FRANCISCO (AP) — With vaccination against COVID-19 in full swing, social platforms like Facebook...

Nonprofits hail anti-poverty aspects of COVID relief measure

Nonprofit advocates have hailed Congress’ passage of a $1.9 trillion pandemic relief measure that has the potential to lift millions of people out of poverty at a scale not seen since the New Deal. ...

US budget deficit hits record $1.05 trillion after 5 months

WASHINGTON (AP) — The U.S. government's budget deficit through February hit an all-time high of $l.05 trillion for the first five months of this budget year, as spending to deal with the coronavirus p...

Airline stocks rally, American cites plan to pay off loan

FORT WORTH, Texas (AP) — Airline stocks rose Monday, spurred by signs that vaccine rollouts could set up a rebound in travel later this year. American Airlines, meanwhile, announced ...

Dems tighten relief benefits, firm up support for virus bill

WASHINGTON (AP) — President Joe Biden and Democrats agreed to tighten eligibility limits for stimulus checks, bowing to party moderates as leaders prepared to move their $1.9 trillion COVID-19 relief ...

Biden urges Senate Dems to rally behind $1.9T virus bill

WASHINGTON (AP) — President Joe Biden urged Senate Democrats to rally behind a $1.9 trillion COVID-19 relief bill and stood by his proposed $1,400 payments to individuals, even as some party moderates...

Minimum wage hike all but dead in big COVID relief bill

WASHINGTON (AP) — Democrats' hopes of including a minimum wage increase in their $1.9 trillion COVID-19 relief bill seemed all but dead as the Senate prepared to debate its own version of the House-pa...