Tag: relief
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D.C. restaurants struggle to stay open as pandemic relief dries up
Z Burger restaurant owner Peter Tabibian applied for a Paycheck Protection Program loan during the height of the pandemic to help keep his eateries in Tenleytown, Dupont Circle and Greenbelt afloat. Now, his handcrafted burger chain is grappling with inflation-driven surges in the cost of meat, rent and electricity, he says. “I didn’t raise my…
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Some states could tax Biden’s student loan debt relief
MINNEAPOLIS — President Joe Biden’s student loan forgiveness plan could lift crushing debt burdens from millions of borrowers, but the tax man may demand a cut of the relief in some states. That’s because some states tax forgiven debt as income, which means borrowers who are still paying down student loans could owe taxes on…
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Judge tosses Arizona suit over limits on virus relief funds
PHOENIX (AP) — A judge has dismissed Arizona Gov. Doug Ducey’s lawsuit challenging the Biden administration’s demands that the state stop sending millions in federal COVID-19 relief money to schools that don’t have mask requirements or that close due to COVID-19 outbreaks. The state filed the lawsuit earlier this year after the U.S. Treasury Department…