Banking & Financial Services
Dave Toland is the Kansas Secretary of Commerce. Q. We've heard about national, and international issues with the supply chain. How is KS specifically impacted and are there any differences? A. Factory production disruptions due to COVID-19 related shutdowns have…
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Kansas City's budget situation is currently holding up despite challenges from COVID-19, but council members are preparing for a scenario that could get worse. So far, there have been no layoffs or furloughs of city employees and a $1.7-billion budget…
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Economic recovery will be gradual and prolonged, but federal aid programs are worth it to help stimulate the economy, said Federal Reserve Chairman Jerome Powell in statements to Peterson Institute for International Economics. “Additional fiscal support could be costly but…
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House Democrats have proposed another stimulus bill, totaling $3 trillion, in response to economic damage caused by the COVID-19 pandemic. It would follow the $2 trillion stimulus bill passed in March, though the measure is not expected to make it…
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Stephen Penn is the office managing partner for KPMG in Kansas City. Q. Six weeks into the carnage, what's the damage assessment report you would deliver on the state of regional business? A. There’s probably a lot more going to…
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Before the COVID-19 pandemic hit, consumers were luckily in a good place, generally, in terms of paying their balances and making overall payments, according to the American Bankers Association. During last year's fourth quarter, for example, a record number of…
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A new bill in the House of Representatives would forgive student loans for healthcare workers impacted by the COVID-19 pandemic. Called the Student Loan Forgiveness for Frontline Health Workers Act, it was introduced to the House by Rep. Carolyn Maloney (D-N.Y.)…
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The Department of Health and Human Services has started distributing COVID-19-relief funds to hospitals, and a big chunk of that is going to be given to rural hospitals that could soon be hit hard by the pandemic. Those facilities, which…
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The U.S. Treasury will reportedly borrow $3 trillion this quarter, most of it related to COVID-19-relief stimulus programs, reportedly making the government's debt about $25 trillion. Next quarter, the department also plans to borrow "$677 billion in privately-held net marketable…
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Jackson County is getting $122.7 million of Missouri's $2.4 billion in federal CARES Act funding, the second-highest amount of any county in the state. “COVID-19 has had an overwhelming impact on our economy, and many local governments, health care providers,…
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