A new proposed coronavirus aid package would be very similar to the one enacted in the spring: stimulus checks, renewed PPP funding and increasing unemployment benefit payments. Getting agreement in Congress remains a challenge.
By Benjamin Kail, MassLive.com | September 15, 2020
Detroit projected an additional loss of $62 million and 50,000 jobs last week. Still, although the city needs to make adjustments to balance the budget, officials manage to remain optimistic: “It’s a solvable challenge.”
By Christine Ferretti and Kalea Hall, The Detroit News | September 14, 2020
Caught between the Federal Reserve's new strategy for managing inflation and historically low bond yields, the plans now need to take a fresh look at their actuarial assumptions and inflation protection.
By Girard Miller, Finance Columnist | September 15, 2020
More than 75 businesses received loans from the coronavirus small business relief program that appear to be fraudulent or ineligible for the program. One in every four businesses that received PPP loans in Florida have been flagged.
By Ben Wieder and Meghan Bobrowsky, McClatchy Washington Bureau | September 10, 2020
Sacramento, Calif., will begin redirecting money from the city budget into a new fund that the public will determine how to spend. But the fund won’t use money from the policing budget and it won’t be as large as planned.
By Theresa Clift, The Sacramento Bee | September 10, 2020
Lawmakers want to increase the budget by adding tax credits for immigrants, increasing COVID-19 outreach and encouraging businesses to hire workers while facing a projected $8.7 billion deficit for next year.
By Sophia Bollag, The Sacramento Bee | September 2, 2020
New York City has announced the possibility of laying off up to 22,000 municipal workers due to coronavirus cutbacks. Yet, the city is still maintaining $163 million in contracts with companies like Deloitte and KPMG.
By Shant Shahrigian, New York Daily News | September 1, 2020
San Diego County adopted a $6.55 billion budget that it hopes will be enough to support the community through continued COVID response, predicted wildfires and ongoing issues like homelessness and affordable housing.
By Charles T. Clark, The San Diego Union-Tribune | August 26, 2020
Gov. Charlie Baker has announced that the funds in grants will be put toward addressing food insecurities caused by the coronavirus pandemic. Some funds will be invested in technology to help producers distribute food.