$2000 4th stimulus check update and recurring stimulus check update, plus the deadlines for the coming stimulus packages, new details of the $3.5T budget deal, and more importantly, how this could mean more stimulus checks in our future. I’m not kidding, guys. Sen. Bernie Sanders and Rep. Pramila Jayapal already said it! We also have tips for divorced parents out there who may want to reconsider getting those child tax credit monthly payments. Then student loan cancellation care of President Biden, where are we on that? Find out all that plus our breakdown of Contextlogic Wish stock. Senate Majority Leader Chuck Schumer set a Wednesday deadline to wrap up talks on both the bipartisan infrastructure package and an agreement among all Democrats on moving forward on a budget resolution. This includes the $1.2T bipartisan infrastructure deal and the bigger $3.5T Democrats-only stimulus package. . Schumer said he would take a crucial procedural step on Monday that would clear the way for an initial vote next Wednesday on the $579 billion infrastructure package. He also said he wants Senate Democrats to agree by Wednesday on moving forward with the budget resolution that will carry other major portions of President Joe Biden’s agenda. For those on social security, they’re working on lowering health premiums and prescription drug prices, and even expanding Medicare for dental, vision, and hearing. For everyone else, there’s the earned income tax credit. There’s a possibility that they put in here Biden’s $15K first-time homebuyer tax credit or maybe even more rental and mortgage assistance. It was Rep. Pramila Jayapal, together with Rep. Rashida Tlaib, who introduced the Automatic Boost to Communities Act, or ABC Act, just last March. The ABC Act would provide an immediate $2000 4th stimulus check and $1000 monthly recurring stimulus check after that until one year after the pandemic is over. Sen. Bernie Sanders is no slouch himself when it comes to recurring stimulus.Stock tip of the day: ContextLogic WISH stock isn’t what it used to be. For those invested in WISH stock right now, feel free to tell us more about it but for me, it looks like Reddit traders are moving on and leaving WISH stock behind. With high-flying movers like Virgin Galactic (NYSE:SPCE) catching Reddit traders’ eyes, WISH may be going back to its $8 level pretty soon.
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Trying to time the stock market and guessing what’s ahead is certainly not a great investment strategy for making more money fast. SBA (Small Business Administration) is no longer accepting PPP (Paycheck Protection Program) applications from participating lenders. Retroactive stimulus checks and direct payments are being negotiated in this second stimulus package along with unemployment benefits and extended unemployment insurance benefits such as PUA, PCUA, Pandemic Unemployment Assistance, regular unemployment insurance benefits, PEUC.
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