Here's Tuesday's COVID-19 update: Congress has reached a deal on a $484 billion funding package that includes $310 billion in additional funding for the Paycheck Protection Program. The package also includes an additional $60 billion for the SBA’s economic injury disaster loans and grants, another key source of assistance for small businesses, as well as… Read more »
Here's Monday's COVID-19 update: The Paycheck Protection Plan has been a historic success, distributing almost $350 billion in loans to more than 1.6 million small businesses in just 14 days. Just in North Carolina, small businesses have received nearly 40,000 loans for more than $8 billion. Congress is still working on an agreement for additional… Read more »
Here's Sunday's COVID-19 update. As we begin a new week, here's a snapshot of the COVID-19 outbreak in the nine full and partial counties that make up the 7th District. This data is current as of 11 a.m. Sunday morning: New Hanover County: 62 cases, 1 death Brunswick County: 36 cases, 2 deaths Bladen County: 2 cases, 0 deaths … Read more »
Had a little glitch somewhere with the email system yesterday. Some newsletters did not hit until today — including mine! Apologies for it being a day late. Here’s Saturday's COVID-19 update (in case it doesn’t hit until Sunday!): Here are some details about the U.S. Department of Agriculture's announcement yesterday of the Coronavirus Food… Read more »
Here's today's update on the COVID-19 outbreak: More information on the Economic Impact Payments authorized by Congress as part of the CARES Act: As I mentioned earlier in the week, the IRS has launched "Get My Payment", a web app that allows many taxpayers to determine their eligibility for and the status of their stimulus payments. An important note, as we've… Read more »
Here's today's update: Here is some really fascinating new demographic data and another example of how COVID-19 is proving to defy a lot of the initial thinking: CDC has released demographic characteristics and other data regarding COVID-19 cases in the United States. Of the 398,852 cases included, 7,001 were in individuals under 18, 145,499 were in individuals… Read more »
Here's today's update: The IRS has officially launched "Get My Payment", a web app which will help taxpayers get their CARES Act stimulus payments as soon as possible. The app allows you to: Check your payment status. Confirm your payment type: direct deposit or check. Enter your bank account information for direct deposit if the IRS doesn't have your… Read more »
Here's today's update: Some good news: the Treasury Department says approximately 80 million Americans will receive their CARES Act stimulus payments this week. In fact, today my office heard from a veteran that has already received payment directly to his account. These payments will help families cover necessary expenses and put more money in consumers' pockets… Read more »
I hope all of you had a happy and safe Easter weekend. Here's the latest update on the COVID-19 outbreak: New Hanover County announced today that it will extend its Stay at Home Order until April 29 at 5 p.m. with some modifications. Specifically: Public and private marinas and boat ramps can be opened. Public and private tennis and pickleball courts can be opened. … Read more »
This Saturday, I wanted to share some statistics about the status of the federal response to the COVID-19 outbreak, as well as some general information about the status of the virus in general, both in North Carolina and across the country. The Paycheck Protection Program continues to put dollars into the hands of small business owners to help them make payrolls. As of… Read more »