Business

Millions of delayed stimulus payments have arrived. Veterans are next.

By Tara Siegel Bernard More than 25 million lower-income Americans whose stimulus payments were delayed finally received them on Wednesday. And one group still waiting — certain veterans and their beneficiaries — can expect their payments to arrive next week, the Internal Revenue Service said. The payments have been issued in groups, with the first […]

Business

Virus Did Not Bring Financial Rout That Many States Feared

Grim forecasts held up for a few states, but many took in about as much tax revenue as before the pandemic — sometimes a lot more. Change in state tax revenue –42.5% –10.0% 0 +10.5% +2.5% The change in tax revenue during the “pandemic period,” April through December 2020, compared to the same period in […]

Business

Steven Joyce: Covid stimulus party risks waking inflationary bear

OPINION: As vaccines begin to work their magic big economic policy questions are starting to be asked around the world. Are we all guilty of poking the inflationary bear? And what happens if it wakes up? Will the imbalances caused by the gargantuan economic response to Covid-19 create bigger problems than those caused by the […]

Business

Retail Sales Jumped 5.3% in January, Far Higher Than Expected

Retail sales surged 5.3 percent in January, far higher than analysts and economists expected, providing a needed jolt to an economy that showed signs of weakening at the end of last year. The large jump in sales, reflected in data released Wednesday by the Commerce Department, was most likely fueled by the latest round of […]

Business

Sleepless in the Senate

On Feb. 22-23, DealBook will bring together some of the sharpest minds in business and policy for our DealBook DC Policy Project. Join us from anywhere in the world, free of charge. Register today. Fifteen hours later … From around 2:30 p.m. yesterday to 5:30 a.m. today, senators engaged in a “vote-a-rama,” dealing with a […]

Business

It Could Be a Great Year, if Your Business Survives Winter

For Ashlie Ordonez, owner of the Bare Bar Studio, a spa in Denver, vaccinations for the coronavirus can’t come soon enough. While she anticipates better days later this year, surviving until then will be a struggle, and she knows the next few months will be lean ones. “I sold my wedding ring so we could […]

Business

Stimulus Payment Delayed? You May Need to Claim It on Your Tax Return

Millions of people have already received their $600 federal stimulus payment. But some Americans will have to wait a bit longer — and may have to file their tax return to collect it. By law, the I.R.S. said, it must issue the stimulus payments by Jan. 15. After that, those who are entitled to a […]

Analysis & Comment

Opinion | $1 Trillion, Too Little, Too Late

We now know that millions of unemployed workers won’t be kicked off unemployment insurance (for at least 11 weeks) and will now get $300 every week in addition to their current state benefit; a vast majority of Americans will receive $600 direct payments from the government; and small businesses will have access to a modest […]