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For millions of Americans, the economic fallout of the coronavirus pandemic could be starting to take shape. Late last week, a 0 per week unemployment supplement expired. Also funding from the Paycheck Protection Program has long been depleted. The program was implemented to help employers make payroll during the pandemic.In addition, data released last week indicated the US GDP declined by one-third in the second quarter of 2020.While Congressional Democrats, Senate Republicans and the White House are largely in agreement on the need for a stimulus, agreeing to a framework remains in question. The two sides are at odds over how much of unemployment should be supplemented by the federal government. There is also a debate on offering businesses liability protection from coronavirus-related lawsuits.“Today we have an emergency,” Pelosi said. “A building is on fire and they're deciding how much water they want to have in the bucket. This is very important. Millions of people could've fallen into poverty without the 600 dollars. They're so fussy about any anecdotal information they might have about somebody not going to work because they make six hundred dollars on this, but so cavalier about big money going to companies that shouldn't really be having it."Treasury Secretary Steven Mnuchin met with Congressional leaders on Saturday."There's clearly a subset of issues where we both agree on very much,” Mnuchin said. “We're very interested in extending un-enhanced unemployment insurance, we're very interested in schools, we're very interested in jobs. I think as you know, as the Leader (Mitch) McConnell has said, liability insurance is very important to us. So there's definitely the PPP, there's a lot of bipartisan support." 1759

Four Americans and a Costa Rican tour guide died Saturday after their recreational rafts overturned on the Naranjo River in Costa Rica.Luis Guzman, a Costan Rican official of the Red Cross, told CNN en Espanol that three rafts carrying 18 people overturned. Thirteen people survived by holding on to the overturned rafts but five were pulled further down the river.Costa Rican officials identified the deceased Americans as Ernesto Sierra, Jorge Caso, Sergio Lorenzo and Andres Dennis. Their ages ranged from 25 to 35. No hometowns were given.The deceased Costa Rican tour guide was identified as Kevin Thompson Reid.Costa Rican President Carlos Alvarado Quesada said on his official Twitter account: "In the name of the Government and people of Costa Rica I would like to express our deepest sorrow for the accident this afternoon at the Naranjo River in Quepos. I would like to thank all the emergency and security teams that worked diligently, and I have instructed authorities to help the victim's families."The Costa Rican Red Cross had 12 rescue workers in the area when the accident happened and assisted in the rescue, the organization posted on social media. 1175

For many millennials, the dream of homeownership was far off. But one of the most unusual yet positive fallouts from the coronavirus pandemic has been some younger adults seeing the value of low-cost living."I'm fortunate to have been able to save during the pandemic," Paige Feingenbaum said.The 34-year-old was able to keep her job during the pandemic."I know have five digits in my bank account," she said. "I just personally never thought that could be possible for me."She's in a much better financial position and able to move forward as a first-time homebuyer. WPTV "I'm able to save so much money by not going to ticketed events, not going to movies, not eating at restaurants, spending so much more time at home," Paige Feingenbaum says. "I'm able to save so much money by not going to ticketed events, not going to movies, not eating at restaurants, spending so much more time at home," she said.Bonnie Heatzig, a South Florida Realtor, said her clients have shared that COVID-19 taught some valuable life lessons."Life under lockdown has definitely changed the financial habits of a lot of millennials. Two out of three millennials are also saying the lockdown had a positive effect on their savings," she said. "In the pre-COVID period, there was a tremendous amount of social pressure on millennials to go to the right restaurants. They memorialized their evenings out on social media. There was this fear of missing out."Now, the value of homeownership is back. Zoom "Life under lockdown has definitely changed the financial habits of a lot of millennials," South Florida real estate agent Bonnie Heatzig says. "Circles back to the importance of loving the space you are in," Heatzig said.Feingenbaum now wonders if she'll be more of a homebody."Which is enabling them to make that down payment," Heatzig said.But it's not necessarily an easy market for buyers."It's a very strong seller's market," she said. "The inventory is very low."Part of that spreads beyond new first-time buyers to "people who are looking to relocate to South Florida from crowded metropolitan areas," Heatzig said.It's a new yet crowded field in the South Florida real estate market.This story was first reported by Tory Dunnan at WPTV in West Palm Beach, Florida. 2344

Former President Barack Obama responded to a call from President Donald Trump to indict him. In a podcast released Wednesday evening hosted by former Obama administration official Tommy Vietor, Obama called the claim “absurd.” “The allegations are so absurd that even Republican controlled committees looking into it have dismissed them,” Obama said. “And, you know. Attorney General Barr has dismissed them.” “Unless Bill Barr indicts these people for crimes, the greatest political crime in the history of our country, then we’re going to get little satisfaction unless I win and we’ll just have to go, because I won’t forget it,” Trump said during a Fox News interview last week.On Tuesday, the Department of Justice dropped an investigation after finding no wrongdoing involving the unmasking of classified documents during the Obama administration. Unmasking is a process for government officials to request to learn the identity of people involved in intelligence probes. Obama said Republicans should be doing more to protect government institutions.“I’m disappointed that Republicans who know better have not checked him on this,” Obama said. “And I think on a very important question after the election, even if it goes well with Joe Biden, is whether you start seeing the Republican Party restore some sense of ‘here are norms that we can’t breach’ because he’s breached all of them and they have not said to him, ‘this is too far.’” 1451

Following the passing of music legend Aretha Franklin, news surfaced the “Queen of Soul” did not have a will. Music icon Prince also didn’t have a will at the time of his death.How important is it to have a will?Certified financial planner Jonathan Duong says everyone should have a will, no matter your age or financial status."Even if you don't have kids, as long as your situation includes some level of basic complexity where you have different types of assets, then absolutely, a will is going to be a proper document at a minimum to have in place," says Duong.  For those who only have assets like a 401k or a life insurance policy that has a designated beneficiary built in, a will might not be necessary.  “But for many other things, there is no legal way to control where that asset goes without a will," explains Duong.  Getting a will often times entails hiring an attorney and can cost nearly ,000, but Duong says you don’t need to spend that much to have a proper will.  "Typically, their employer--if their employed with a larger company or a public organization--may offer a legal plan, within their employee benefits," says Duong.  There are also online resources like willed.com or doyourownwill.com that will help you create one for less than 0. 1301

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