Many of this year’s finance honorees are tackling the sector’s thorniest infrastructure challenges, from banking and foreign exchange to payments and trading. They are laying the foundation for a digital-first financial system that has the potential to benefit both consumers and markets.
For creating the toolbox for virtual credit cards for Chase, Square, Uber, and more
Founded in 2010, Marqeta has played the long game of building modern infrastructure for credit card issuing. Now everyone from Square to JPMorgan Chase to Uber uses Marqeta’s platform, which supports the issuance of “tokenized” cards that can be deployed in real
President Biden’s $1.9 trillion coronavirus aid package includes a massive one-year increase to the Child Tax Credit. The expansion could benefit as many as 83 million children and reduce the number of children living in poverty by more than 40 percent, at least temporarily.
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Half of the tax credit would be paid out in monthly checks, beginning in
The House will vote on the Senate-passed version of the new relief measure as soon as Tuesday, putting it on pace for President Biden to sign it into law by the end of the week.
Lawmakers snubbed a wide array of businesses pleading for help from Washington. Gym operators and long-term senior care facilities are among those arguing Congress has left them facing further closures and layoffs even as the broader economic outlook brightens.
“When you see restaurants continuing to get financial relief, and yet those on the front lines of caring for the most vulnerable in this crisis are
But a month later, Governor Charlie Baker’s administration sweetened the pot, agreeing to pay providers twice the national Medicare rate. And it required private health plans to pay at least that amount.
This means providers get a fee of at least $90 for giving two doses of the Pfizer-BioNTech or Moderna vaccines to anyone covered by MassHealth or private insurance. The administration has not set rates for the one-shot Johnson & Johnson vaccine.
Administration officials said they increased the payments to encourage swift vaccination of millions of residents. But the move came as a surprise — a pleasant one for
The $1,400 stimulus checks are in the home stretch, with the House of Representatives poised to pass the $1.9 trillion stimulus bill in “the next 24 to 48 hours,” House Speaker Nancy Pelosi said Monday. The package is expected to pass and move on to President Joe Biden to be signed into law any time before March 14. So what does that timeline mean for when your third stimulus check could arrive? (Estimate how much money you’d get here.)
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