As the whole world grapples with the personal, professional, and economic fallout of the COVID-19 outbreak, we wanted to help our tax and small business clients stay up to date on the latest news affecting them each day. Keep checking back for the top headlines to stay informed.
Here is some of the important news to keep up with today:
- The New York Times: White House Offers $916 Billion Stimulus Proposal, Cutting Jobless Benefits
- Reuters: U.S. third-quarter productivity pared; unit labor costs revised up
- Forbes: Bob Dylan’s Debt To Nashville – It’s About Taxes
- The Washington Post: Millions of Americans are heading into the holidays unemployed and over $5,000 behind on rent
- CNBC: Unemployment benefits: What we know (and don’t) about the $908 billion Covid relief bill
- The Hill: One in 6 US restaurants has permanently closed amid pandemic
- Fortune: The IRS effectively canceled the tax break that made PPP loans so valuable
- CNBC: Congress aims to fund government for a week to buy time for spending, Covid relief deals
- The Hill: House to vote Wednesday on a weeklong stopgap to avoid government shutdown
- The Washington Post: Unemployment, sick leave and housing aid are set to expire in weeks, threatening Americans with sudden financial ruin
- The Wall Street Journal: Employment Picture Darkening, Even More than Jobs Figures Suggest
- CNBC: Employment growth slows sharply in November amid coronavirus surge
- The New York Times: 1 Percent of P.P.P. Borrowers Got Over One-Quarter of the Loan Money
- CNBC: 83% of small business owners support another round of stimulus relief from Washington, survey reveals
- The Hill: Nearly one-third of US adults expect to lose employment income: Census Bureau
- USA Today: COVID-19 vaccine prospects may already be boosting consumer spending, economy
- CNBC: ADP reports hiring slowdown in November ahead of government payrolls report
- The Washington Post: More than half of emergency small-business funds went to larger businesses, new data shows
- CNBC: Weekly jobless claims counts are inaccurate and the unemployed are being underpaid, watchdog says
- The Hill: GAO: Unemployment benefits fell below poverty line in 13 states
- Forbes: IRS Phone Scammer Sentenced To 20 Years In Prison