Μany people in United States Notes that they have to keep track of their current expenditure because of increased gas prices and increase in inflationbut there are some programs offered by both federal and state governments to try to help as many citizens as possible.
In our live blog this Wednesday, April 6, we will highlight the latest benefit plans introduced to provide support to Americans.
The US Federal Reserve is planning a “predictable” removal of $ 9T in its assets
The country’s central bank has given more details about how it plans to reverse the trillion-dollar asset purchases it made during the COVID-induced financial downturn.
The US Federal Reserve released minutes from its March 15 and 16 March meeting, with details of talks between senior central bank officials suggesting that the Fed will soon begin the process of reducing $ 9 trillion balance sheet.
Powerball numbers for April 6, 2022
According to the Powerball website, the jackpot will amount to about $ 246 million after no one won the draw on Monday night.
Here are the winning numbers.
Another 200,000 Americans likely filed new claims
Unemployment claims for the first time in the United States are expected to be around 200,000 again, with the rate of new layoffs and layoffs remaining relatively low compared to the pre-pandemic averages.
The Ministry of Labor will publish the most recent weekly unemployment benefit report on Thursday at 8:30 a.m. ET.
If the figures come as expected, the latest figures will show for the fourth consecutive week with less than 220,000 new unemployment claims – or the approximate average weekly rate of new benefits for the whole of 2019. By mid-March, new unemployment claims had arrived at its lowest level since September 1969, a total of 188,000.
COLA Social Security: When will the fourth round check arrive?
More Social Security checks should arrive at your post office and will be sent on the second, third and fourth Wednesday according to the dates of birth.
If the checks are not enough to meet the basic needs of the individuals, then they could also be eligible for the SSI program.
Read more here about COLA social security.
Student loan termination: How to take advantage of Biden’s latest extension
Federal student loan payments were due to resume on May 1, but Joe Biden wants to delay it until August 31, but how will this affect students?
There are nearly seven million bad loans, which means they are overdue for at least 270 days. Thus, those who have loans will not be asked to repay only after August 31st.
Read more here for termination of student loan.
Dogecoin: What impact will Elon Musk’s recent Twitter investment have on his price?
After Musk bought a stake in Twitter that made him the largest single shareholder on the social network, what would happen to Dogecoin, as many believed, would mean a jump in value for the cryptocurrency.
Musk was an advocate of encryption, and Tesla announced that it would accept Dogecoin as a payment method.
Read more here for Dogecoin and Elon Musk.
Student loan forgiveness
Some alumni in the USA may have their own student loan debt are deleted if certain requirements are met.
One of the main criteria is that this can only happen after a period of 10 years during which 120 payments have been made.
Read more here for student loan write-off.
Inflation stimulus controls
The increase in inflation in the US has led to many states wanting to ship stimulus control-Pay payments to their citizens, given that some countries have a budget surplus.
There are five states that have so far introduced tax breaks for their residents, while the gas reduction law of 2022 has been signed by three governors.
Read more here for inflation stimulus controls.
Child and Dependent Care Credit
All parents who have to pay for childcare in the US can get some financial support through Child and Dependent Care Credit.
If you are a parent who has to take care of a child under 13 but has to go to work, you could be right.
Read more here about Child and Dependent Care Credit.
Tax deduction refund to Georgia
The state of Georgia has a budget surplus and this resulted in Governor Brian Kemp choosing to sign the legislation Parliamentary bill 1302which will benefit those who filed income tax returns in the tax years 2020 and 2021.
There is one $ 250 check for the unmarried and those who are married but submit separately, while there is a $ 375 payment for the head of the household and a $ 500 check for couples who are married and applying together.
Read more here about Tax deduction refund to Georgia.