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<p>Capital loss rules dictate that if you make a legitimate loan to someone with an official note, even if it’s your brother-in-law, you can write the money off if you don’t get paid back, up to $3,000 a year with a maximum of $10,000 total. Caveat: “If

Small Businesses Scramble to Get Their Share of $350 Billion in Federal Aid

FILE PHOTO: Signage is seen posted on the entrance of the New York State Department of Labor offices, which closed to the public due to the coronavirus disease (COVID-19) outbreak in the Brooklyn borough of New York City

10 Million Jobs Lost, and Millions More to Come

Participants hold signs as Democratic U.S. presidential candidate U.S. Sen. Bernie Sanders (I-VT) speaks at a news conference on Capitol Hill in Washington

Poll of the Day: A Pandemic-Driven Pickup in Support for ‘Medicare for All’

A cyclist passes the U.S. Capitol in Washington

Second Coronavirus Relief Package Will Cost $192 Billion: CBO

Newsletter

  • Work crews work to replace a bridge over the Massachusetts Turnpike in Boston

    About That Infrastructure Package ...

    House Speaker Nancy Pelosi said Wednesday that the next phase of coronavirus stimulus legislation should include at least $760 billion over five years for water projects, broadband and transportation...

  • The federal government forms for applying for health coverage are seen at a rally held by supporters of the Affordable Care Act, widely referred to as "Obamacare", outside the Jackson-Hinds Comprehensive Health Center in Jackson, Mississippi, U.S. on Octo

    Trump Will Not Reopen Obamacare Exchanges

    President Trump has decided not to reopen the state-level health insurance exchanges run by the federal government, a White House aide said Tuesday. No reason for the decision was given, Politico...

  • A <a href="http://www.rasmussenreports.com/public_content/business/indexes/rasmussen_consumer_index/rasmussen_consumer_index" target="_blank">recent poll</a> taken by Rasmussen found that 68 percent of Americans believe that we are actually in a recession

    Economic Outlook Has Grown Even Darker, Goldman Sachs Says

    The economy is expected to shrink at an annualized rate of 34% in the second quarter this year, according to the latest estimate from economists at Goldman Sachs. The new analysis paints a darker...

  • House Speaker Nancy Pelosi holds a weekly news conference on Capitol Hill in Washington

    Pelosi Floats Stimulus Idea That Would Benefit High Earners

    House Speaker Nancy Pelosi has floated another suggestion for the next round of fiscal stimulus: A retroactive rollback of the 2017 Republican tax law’s limit on state and local tax deductions. In an...

  • U.S. President Trump leads daily coronavirus response briefing at the White House in Washington

    Trump's ‘Big & Bold’ Idea for the Next Stimulus Bill

    As lawmakers set their sights on a fiscal stimulus plan to follow their $2 trillion coronavirus relief package, President Trump on Tuesday said that a $2 trillion infrastructure program should be...