In executing Financially Fit Foundation’s (FFF) mission, which is to assist individuals in achieving financial health, we are highlighting some government policies that have been implemented to minimize the impact that the Coronavirus may have on families. Please take a moment to review them:
- A nearly $2 trillion stimulus package was finally agreed to, to combat the economic fallout of the recent coronavirus outbreak, which will include direct monetary payments to most Americans, as well as a half-trillion-dollars to go to companies negatively impacted by the outbreak (Los Angeles Times(.
- The U.S. Treasury Department announced that it will reimburse small businesses for extraordinary expenses incurred as a result of paying sick leave for their employees.
- Most major cities have moved to ban evictions and imposed protections on mortgage holders during the Coronavirus:
- Both the US Treasury and the California State Board have extended deadlines for filing income returns to July 15, 2020 and to June 15, 2020 respectively.
- Loan interest rates have been cut to 0-.25%.
We, the board of FFF, hope that you find this information useful and are committed to continue to update you on any financial developments during the epidemic. We also aspire to lead our followers back to financial stability, through education, once this period of uncertainty ends.
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