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Tag: rescue

What to know about tax credits in the American Rescue Plan

Finance
kate_sept2004 | E+ | Getty ImagesMany Americans will pocket some extra money this year and next courtesy of changes the American Rescue Plan made to a handful of tax credits.The $ 1.9 trillion Covid relief measure tweaked the child tax credit, earned income credit, and child and dependent care credit.The changes, especially those to the child tax credit, are aimed at lower earners. They're temporary and will only apply to tax season next year (for 2021 income), unless Congress extends the new rules or makes them permanent.More from Personal Finance:Biden's infrastructure plan won't raise individual taxes, for nowFourth stimulus checks are unlikely. What federal aid may be nextIRS refunds will start in May for $ 10,200 unemployment tax breakThe pandemic aid law also lets households claim ...
Dominic Cummings and the £400m public bailout to rescue imperilled satellite internet firm

Dominic Cummings and the £400m public bailout to rescue imperilled satellite internet firm

Technology
This Thursday, three dozen satellites will be fired into space from a launch station in a desolate corner of eastern Russia, less than a hundred miles from the northern Chinese border.Each a little bigger than a fridge, they are attached to a Russian rocket which will travel 750 miles up into what is known as low Earth orbit. Here they will stay, at an altitude 30 times closer than that of more traditional communication satellites, in a zone previously the domain of international space stations and the Hubble telescope, and if all goes well provide internet connectivity, in time, to every corner of the globe. Image: A Russian rocket will be used to take the UK bankrolled satellites 750 miles up They are a marvel of innovation and tech...
Jamal Lascelles scores injury-time goal to rescue point for relegation-threatened Newcastle against Aston Villa

Jamal Lascelles scores injury-time goal to rescue point for relegation-threatened Newcastle against Aston Villa

Sports
Jamal Lascelles scored an injury-time equaliser to rescue a point for Newcastle in a 1-1 draw with Aston Villa on Friday night. The Magpies captain rose highest to head past Emiliano Martinez with the last attack of the match after a Ciaran Clark own goal had given Villa an 86th-minute lead. Getty - Pool Lascelles netted a header in the fourth minute of stoppage time Newcastle and Aston Villa were both toothless in attack for the majority of the contest at St James’ Park. A long-range shot from Ryan Fraser and Trezeguet stinging Martin Dubravka’s palms were the best efforts of a dull first-half. The second-half did not offer much else either with Martinez doing well to deal with a powerful back header from his own player, Matt Targett. Joelinton was ...
Dems near relief bill OK by House, ponder wage plan rescue

Dems near relief bill OK by House, ponder wage plan rescue

Technology
WASHINGTON -- A $ 1.9 trillion package aimed at helping the country rebuild from the pandemic seemed headed toward House passage Friday, even as Democrats searched for a way to revive their derailed drive to boost the minimum wage.A virtual party-line House vote was expected on the COVID-19 relief measure, which embodies President Joe Biden's push to flush cash to individuals, businesses, states and cities. The White House issued a statement reinforcing its support for the new president's paramount initial goal.“The bill would allow the administration to execute its plan to change the course of the COVID-19 pandemic," it said. “And it would provide Americans and their communities an economic bridge through the crisis."Republicans have lined up against the plan, calling it an overpr...
Mike Ashley’s Frasers Group in talks over ‘potential rescue’ for Debenhams

Mike Ashley’s Frasers Group in talks over ‘potential rescue’ for Debenhams

Business
Mike Ashley's Frasers Group has confirmed it is in talks over a "potential rescue transaction" for collapsed department store Debenhams.The retailer said in a stock market statement that it was "in negotiations with the administrators of Debenhams' UK business" on a possible deal. It added: "Whilst Frasers group hopes that a rescue package can be put in place and jobs saved, time is short and the position is further complicated by the recent administration of the Arcadia group, Debenhams' biggest concession holder. Please use Chrome browser for a more accessible video player Retailers hope ...