Millions of People Face Stimulus Check Delays for a Strange Reason: They Are Poor
The IRS has had trouble getting money to people quickly because millions of Americans pay for their tax preparation through a baroque system of middlemen.
McConnell’s State Bankruptcy Remarks Signal Growing Tension Over Federal Aid
The Senate majority leader is voicing reluctance about moving quickly to fork over more federal dollars to states as they deal with budget shocks from the coronavirus outbreak.
Global Tourism Industry May Shrink by More Than 50% Due to the Pandemic
COMMENTARY | The travel industry has faced many challenges in the past, including the 9/11 attacks and the Great Recession, but none are similar in magnitude to the coronavirus.
Many Health Providers on Brink of Insolvency
Providers miss the money from elective procedures.
Senate Passes Interim Coronavirus Aid Package to Fund Testing, Extend Small Business Aid
The bill would allot $25 billion to expand testing capacity. While no new money was provided for states and localities, lawmakers said the Trump administration will give them flexibility in how other federal funds can be used.
State Leaders Move to Protect Stimulus Checks from Debt Collectors
Some governors and attorneys general are rushing to establish protections for people with debt, trying to ensure they can use their stimulus checks on essentials like food, housing, and medicine.
Chances Dim For State and Local Aid in Pending Virus Relief Deal
While President Trump has indicated some support to bolster struggling state and local governments, he has said it can wait until the next coronavirus aid package.
Prospect of Steep Service Cuts Looms as Virus Batters State and Local Budgets
“The longer this persists, the deeper it will be for state and locals and state and local cutbacks,” one expert noted this week.
Funding to Offset Local Government Budget Losses is Key to Next Aid Package, House Speaker Says
It would be a shift from the CARES Act, which restricts state and local aid to expenses associated with the coronavirus pandemic.
Counties Say Virus Relief Fund is Shorting Them by Billions
The National Association of Counties is pushing to change federal guidelines for how the money will be distributed to states and larger-sized local governments.
Small Business Owners With Criminal Records Could Be Banned from Coronavirus Aid
Criminal justice advocates say the policy is arbitrary and will hurt economic recovery.
Half of Cities Expect to Cut Public Services Due to Pandemic
As local leaders urge more funding for cities, Congress is locked in a stalemate over funding priorities.
Furor Erupts: Billions Going To Hospitals Based On Medicare Billings, Not COVID-19
The Trump administration confirmed Friday it would give hospitals and doctors coronavirus bailout money according to their historical share of revenue from the Medicare program for seniors—not according to their caseload burden.
Just Send the Checks
COMMENTARY | America’s obsession with keeping aid from the undeserving is making a bad economic crisis worse.
Small, Mid-Sized Cities Currently Cut Out of Direct Coronavirus Funding
With tax revenues down sharply, all local governments are hurting. But leaders of small and mid-sized jurisdictions in particular are arguing that they need more support.
Pockets of Rural America Are Less Vulnerable to Economic Fallout—For Now
The states least affected by the huge spike in unemployment claims are largely rural.
Bruises from Coronavirus Begin to Show on State Budgets
Recent days have seen spending reductions and downbeat revenue forecasts.
The Economy Is Ruined. It Didn’t Have to Be This Way.
COMMENTARY | Almost 10 million Americans have already filed for unemployment benefits. Congress can still act to stem the tide.
In an Airport City, Coronavirus Travel Slump Stokes Budget Worries
SeaTac, Washington is in relatively good financial shape. But its tax revenues depend heavily on a sector that’s taking a beating during the disease outbreak.
Extended Income Tax Deadline Is Yet Another Coronavirus Budget Curveball for States
Shifting the due date for income tax filings to July from April will likely create some budget gaps that states will have to manage in the final months of their fiscal years.
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