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Claire's, the fashion and accessories chain that's a staple of suburban malls across the country, could be the next retailer to file for bankruptcy, according to Bloomberg.Bloomberg reports that Claire's will have .4 billion in debt mature this year, and has a million debt payment due next week. The report also says that Claire's parent company, Apollo Global Management, LLC, is working on a deal that would pass control of the retailer to lenders. 465

Citing deadlock in negotiations between the administration and congressional Democrats to create a second stimulus bill, President Trump signed four executive orders Saturday aimed at helping Americans struggling with the ongoing pandemic.Here is a look at what each one says and what next steps could be.Unemployment benefitsOne of the most highly-anticipated and most debated executive order is focused on increased weekly benefits for those claiming unemployment. President Trump’s executive order would make it 0 a week and require states to provide 25 percent of the funds.The CARES Act had added an additional 0 a week to what states offered in unemployment benefits. The funding came from the federal government for that added weekly benefit, and ended August 1.It's unclear whether states have the money or the will to fund the new plan. Connecticut Gov. Ned Lamont says it would cost his state alone 0 million to provide the extra benefit through the rest of 2020.He is one of several who have come out since Saturday’s announcement and expressed concern at states being able to afford to participate in the extra unemployment benefits.Many states are already facing budget crunches caused by the pandemic. Asked at a news conference how many governors had signed on to participate, Trump answered: “If they don’t, they don’t. That’s up to them.”By Sunday night, Trump clarified how the process could work, telling reporters states could apply to have the federal government provide all or part of the 0 payments. Decisions would be made state by state, he said.On CNN’s “State of the Nation” on Sunday, White House economic adviser Larry Kudlow said conflicting things about whether the federal money was contingent on an additional contribution from the states.Initially Kudlow said that “for an extra 0, we will lever it up. We will pay three-quarters, and the states will pay 25 percent.” In the same interview, though, he later said that “at a minimum, we will put in 300 bucks ... but I think all they (the states) have to do is put up an extra dollar, and we will be able to throw in the extra 0.”A clarifying statement from the White House said the “funds will be available for those who qualify by, among other things, receiving 0/week of existing assistance and certify that they have lost their jobs due to COVID-19.”Evictions moratoriumThe previous moratorium, which was part of Congress-approved aid earlier this year, ended at the end of July, leaving an estimated 12 million households potentially at risk that were protected. Some states have taken action on their own to extend the moratorium, but not all.The original ban on evictions applied to mortgages that were backed by federal funds. By some estimates, this only covered about a fourth of the country’s rental units. The majority of units have private mortgages or owners and were not covered by the ban.The new executive order signed Saturday states "the Secretary of Health and Human Services and the Director of the CDC shall consider whether any measures temporarily halting residential evictions of any tenants for failure to pay rent are reasonably necessary to prevent the further spread of COVID-19."The president’s plan calls on the Housing and Urban Development and Treasury secretaries to identify any available federal funds to “provide temporary financial assistance to renters and homeowners" who are "struggling" to pay mortgages and rents.On Sunday, White House economic advisor Larry Kudlow said the order will put a complete stop to evictions.“The health secretary has the authority, working with the CDC to declare it an emergency. And, therefore, there will be no evictions,” Kudlow said in an interview with CNN. He reaffirmed that if Health and Human Services declares an emergency, evictions will be stopped.Kudlow added that the executive order sets up “a process. A mechanism. I can't predict the future all together. All the federally financed, single families and multifamilies will be covered as they have been.”There has been no update yet on how long this process could take to identify available funds, and how much assistance the administration could provide.Payroll taxesTrump’s executive order on payroll taxes is a postponement of the collected taxes until the end of the year, and defers the due date for the portion of taxes paid by employees. Federal payroll taxes are roughly 6.2 percent for Social Security and 1.45 percent for Medicare.The deferment would only apply to employees making less than roughly 0,000 a year.Think of it like the deferring of federal income taxes, American still had to file and pay their taxes but they weren’t due until July 15.The payroll taxes would still be due at the end of the year, and companies control whether the taxes are withheld from paychecks or not. There is no word yet if companies will continue to collect the payroll taxes from paychecks in order to pay at the end of the year.President Trump during Saturday’s press conference on the executive orders said if he was elected president he would work to forgive the levy and make cuts to payroll taxes. However, many are clarifying that the power to change tax laws lies with Congress and not with the president.Student loansThe fourth executive order directs the Education Department to extend the student loan relief until the end of the year.Loan payments and the accruing of interest on federally-held students loans is on hold right now until September 30. The executive order would move that date until December, and potentially longer. Trump eluded to possibly extending the deadline out further.Trump originally waived student loan interest by executive order in March, and the policy was clarified to include pausing loan payments and included in the CARES Act passed by Congress. 5841

College football players from across the country united in an attempt to save a season being threatened by the pandemic and ensure they won't be left out of the big decisions anymore. Monday morning, it appeared President Donald Trump endorsed the players' movement. The tweet came shortly after reports the Big Ten Conference had voted to cancel their fall season, however that has not been confirmed by the conference. 429

Colorado voters rejected a ballot measure that, if passed, would have banned abortions in the state after the 22nd week of a woman’s pregnancy unless her life is at risk and potentially punished doctors who performed them.ABC News called the race around 8:30 p.m. Tuesday, with 60% of Coloradans voting against Proposition 115’s passage, compared to 40% who voted in favor of the measure, with 79% of precincts reporting.Planned Parenthood of the Rocky Mountains Action Fund President and CEO Vicki Cowart released a statement Tuesday evening praising Coloradans’ decision."Today, we can proudly confirm that Colorado remains a safe haven for access to the full spectrum of sexual and reproductive health care, including abortion care. Once again, Colorado voters confirmed what we have always known: that health care decisions belong between a patient and their health care provider, without political interference,” Cowart said.The rejection of Proposition 115 means abortions will continue to be legal at any time during a woman’s pregnancy in Colorado, with a restriction which specifies that the parents or guardians of a minor seeking an abortion must receive written notification about the procedure at least 48 hours in advance.If Proposition 115 had passed, a doctor who broke the rule and performed an abortion outside of 22 weeks would have been guilty of a class 1 misdemeanor, which would have been punishable by a fine.Physicians who performed abortions outside of the 22-week window would have faced disciplinary action by the state medical board and a suspension of their license of at least three years under the proposal. Women who received an abortion would not have been penalized had Proposition 115 passed.The number of abortions performed in the state after 22 weeks is hard to come by. The Colorado Department of Public Health and the Environment (CDPHE) believes the number is between 20 to 300 per year. Opponents of the measure said these types of abortions represent just 1% of abortions.The citizen-led measure narrowly made the ballot, only doing so after a cure period at the end of May.Proponents had argued they believe that 22 weeks of gestation is when a fetus is viable and that abortions after that date were inhumane.This story was originally published by Blair Miller at thedenverchannel.com. 2340

Crippled by falling revenue and piles of debt, radio conglomerate iHeartMedia has filed for bankruptcy.The beleaguered company announced Thursday that it has reached an agreement with creditors and investors to restructure more than billion in debt, about half of what it currently owes investors."The agreement we announced today ... allows us to definitively address the more than billion in debt that has burdened our capital structure," iHeartMedia CEO Bob Pittman said in a statement.The company said it had enough cash to support it through Chapter 11 proceedings.Last year, iHeartMedia flagged "substantial doubt" about its ability to continue as a going concern, as it struggled to get out from under a massive debt load it took on as part of a leveraged buyout of billboard company Clear Channel Outdoor in 2008.Related: Clear Channel changes name to iHeartMediaWhile the San Antonio-based company bills itself as a multi-platform media company, it is best known for operating about 850 radio stations across the United States. It also owns iHeartRadio's music streaming service, a popular concert business, and a majority stake in Clear Channel Outdoor.The company has struggled with falling revenue in recent years, as it competed with streaming rivals like Spotify and Pandora.The bankruptcy filing comes as Spotify prepares for its much anticipated billion listing on the New York Stock Exchange.The-CNN-Wire 1440

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