The federal COVID-19 emergency financing for Michigan’s public schools is worth billions of dollars, but if it isn’t used by the end of September, the schools may lose some of it. A stimulus package that poured money into localities to cope with COVID-19-related economic issues was enacted into law by President Joe Biden in 2021....
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Fed’s June Meeting: Rate Cuts Not in the Cards: What’s Next?
Almost nobody anticipates a reduction in interest rates from the Federal Reserve when its two-day meeting ends on Wednesday. However, investors and analysts will be watching for hints about when the central bank will really be able to lower its main rate and the number of times it may do so this year. As the...
IRS Grants Extra Time for 2024 Taxes to Kentucky’s April Storm Survivors
For people and companies in areas of Kentucky hit by severe storms, straight-line winds, tornadoes, landslides, and mudslides that started on April 2, 2024, the Internal Revenue Service announced today tax relief. The deadline for these taxpayers to submit their various federal individual and corporate tax forms and make payments is now November 1, 2024....