Hello and welcome to AS USA’s live blog on relief checks and financial news. We will bring you the latest on tax season, Social Security, the Fed’s interest rate hikes, and much more.
Next week, the Bureau of Labor Statistics will release the March Employment Report, which will provide another data point on the impact the Federal Reserve’s move to raise rates has had on the labor market. Currently, the unemployment rate stands at 3.6 percent and is expected to rise to 4.5 percent or higher by the end of the year.
The Supreme Court has heard oral arguments over President Biden’s debt relief program and is expected to provide its ruling in the coming months. The program would cancel between $10,000 and $20,000 dollars in undergraduate debt depending on their current income and whether or not they received a Pell Grant to fund their studies.
Taxes are due Tuesday, 18 April! Make sure to follow along for the latest guidance from the IRS.