March 26, 2021

package

Covid rescue package offers help for health insurance. Here’s how to get the most benefit

There’s something for everyone with private health insurance in the American Rescue Plan Act, but determining the best way to benefit may be confusing.

The $1.9 trillion Covid-19 relief law that President Joe Biden signed this month will make coverage significantly more affordable for millions of people who either who have marketplace coverage, are uninsured or have lost their employer coverage. In addition, it will eliminate repayment requirements for premium tax credits. Consumers can begin to see those improvements next month, but they may need to go to healthcare.gov and update their application for the changes to take effect then.

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American Airlines Secures $10 Billion Financing Package

The COVID-19 pandemic has dealt a huge blow to the U.S. airline industry over the past year. Fortunately, most U.S. airlines entered 2020 with solid balance sheets, thanks to strong industry profitability over the previous decade.

Among major airlines, American Airlines (NASDAQ:AAL) was an exception to this rule. The airline giant squandered billions of dollars on share buybacks in recent years, even as it spent heavily to upgrade its fleet. That put it in a weak position compared to peers like Delta Air Lines (NYSE:DAL). However, American just bought itself time by lining up $10 billion of new financing.

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Stimulus package: All the new tax breaks parents and retirees could get

Under the current stimulus proposal, families with children and older adults may be eligible for tax breaks that could bring in thousands more dollars.


Sarah Tew/CNET

Last week, the Senate approved the nearly $2 trillion COVID-19 stimulus bill, which will now make its way back to the House before getting signed into law. If the most recent version of the bill stands, it could bring your family far more money than the past two COVID-19 relief bills have — beyond just a third stimulus check. The American Rescue Plan Act of 2021 does include a third stimulus check

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Restaurant rescue in covid relief package

Restaurants devastated by the pandemic are getting a lifeline from the relief package that’s awaiting final approval in the House. Restaurants can get grants equal to the amount of their revenue losses, up to a maximum of $10 million per company and $5 million per location. Eligible companies cannot own more than 20 locations, and they can’t be publicly traded.

Chevron has outlined a plan to expand oil and gas production through 2025, but without spending significantly more, and pledged to limit the pace of growth of its carbon emissions. Investors have been pressuring oil companies to hold spending flat

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Covid-19 Stimulus Package Is a Boon for Business

American businesses are poised to benefit from twin victories in the $1.9 trillion Covid-19 relief package, which gives consumers more money to spend but doesn’t force companies to raise workers’ wages.

The legislation, signed into law by President Biden Thursday afternoon, includes $1,400 checks to many Americans and an extension of a $300 weekly unemployment-aid supplement. It doesn’t include a proposed increase in the minimum wage to $15 over four years, meaning retailers, restaurants and others don’t have to worry about higher payrolls for now.

Executives and economists said that unlike the last round of stimulus payments, which came in

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Restaurants, concert venues and aviation manufacturers secured billions in the new covid relief package

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

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