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Retail Recovery Veils Serious Headwinds

PYMNTS

The CARES Act upped jobless benefits by $600 a week, authorized one-time stimulus payments, and made loans to 5 million small businesses to help prop up payrolls. Bureau of Labor Statistics, the U.S. Department of the Treasury’s Bureau of the Fiscal Service, the Federal Reserve Board of Governors, and the U.S.

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What We’ve Learned Watching Uncle Sam Disburse $2T In Stimulus Payments

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Instead, said Edwards, they handed it off to the dual purviews of the IRS and the Bureau of the Fiscal Service. “By By law, [payments] like these are set up around a checks and balances system so that the IRS authorizes the payments and the Bureau of Fiscal Service distributes them.