A digest of news from publications around the nation about finance, investing, and retirement.
Colorado may face three years of reduced revenue in a worst-case-scenario projection. In response, state government offices have been asked to trim millions from their 2020 budgets. Departments have been asked to review all spending decisions, suspend hiring for all non-critical positions, and delay new contracts and programs, if possible.
Student loan repayment help, stimulus checks, mortgage relief, aid for small businesses: The array of financial challenges and remedies you’ve been hearing lately about can be tough to keep straight. Forbes has created a helpful page that organizes this glut of information, so you can find what you need quickly.
Money is an emotional topic, and many people are reluctant to talk about it. At a time when financial uncertainties are a source of anxiety for millions of people, experts recommend talking openly about it. You don’t need to share every detail of your financial life in order to discover that your concerns are shared by many others. The sense that you are not alone can be a powerful antidote to the feelings of shame and anxiety that money-related worries can bring.
The CARES Act is barely a few weeks old, yet legislators are already talking about a fourth major piece of legislation to address the health and economic implications of COVID-19. The details of previous bills evolved as the rapid-pace negotiations progressed. Subsequent legislation is likely to take a similar path. This article suggests that a fourth bill is likely to be similar to the third, with primary components consisting of: expanded unemployment insurance, hazard pay for essential workers, expanded health care access, and additional direct payments to Americans.