đ
BIDEN WANTS MORE STIMULUS! $2000 4th Stimulus Check Update + Mortgage & Rental Stimulus - YouTube
Channel: Ron Yates
[0]
BIDEN WANTS MORE STIMULUS! $2000 4th Stimulus
Check Update + Vaccine Myocarditis + Mortgage
[1]
& Rental Stimulus
BIDEN CONFIRMED!
[2]
Whatâs up, YouTube fam? Itâs Ron here
with your $2000 4th stimulus check update
[4]
and recurring stimulus check update, plus
Biden joins hands with the other G7 countries
[9]
to call for more stimulus worldwide, the CDC
panel investigating myocarditis in young people
[19]
after COVID-19 vaccines, and for our finale,
your complete guide on mortgage forbearance
[36]
that may be about to end plus all the rental
assistance programs in your area today. Are
[42]
you, guys, excited? I sure am! So, sit tight
and relax as we go through all of it in our
[49]
video today.
I first want to say welcome back to all my
[52]
subscribers. I hope youâre doing well on
this fine day. I really appreciate you, guys,
[55]
and for those of you who are brand new to
the channel, my name is Ron. We cover all
[58]
things stimulus, cryptocurrencies, personal
finance, and investing. Always keep watching
[70]
for the latest most accurate updates!
[76]
Stimulus Check Update
[78]
Itâs official, guys. President Joe Biden
is calling for more stimulus on a global scale.
[89]
This is coming from his ongoing summit with
the G7, a powerhouse group of countries that
[97]
as of 2018, represents 58% of the global net
wealth, so about $317 trillion. The group
[121]
consists of Canada, France, Germany, Italy,
Japan, the United Kingdom and of course, the
[129]
United States. In what theyâre calling the
âcarry on spendingâ plan, Biden was backed
[135]
by all G7 leaders as he called on the west
to âmeet the moment and support the economy.â
[142]
Italyâs prime minister Mario Daghi argued
it was right to spend now. To start off the
[148]
summit, Britain Prime Minister and summit
host Boris Johnson said, âit is vital that
[153]
we donât repeat the mistakes of the last
great crisis, the last big economic recession
[158]
of 2008 when the recovery was not uniform
across all parts of society..â
[163]
To see what this means so far, we can look
into the fact sheet recently released by the
[167]
White House. A big one here is the US proposal
for Strong Global Minimum Tax. G7 leaders
[174]
will endorse a strong global minimum tax of
at least 15 percent. Of course, letâs remember
[179]
here that Bidenâs mainly targeting big businesses
and billionaires whoâve been getting away
[185]
with zero taxes for years now. In fact, theyâve
already confirmed that the G7 summit will
[191]
endorse plans for a new system for taxing
the biggest multinational companies. And like
[196]
Iâve said before, what comes after taxes
is a whole lot of stimulus. Just to add, the
[200]
leaders also agreed to supply 1B vaccine doses
to poorer countries so they can respond to
[207]
Chinaâs âvaccine diplomacyâ that comes
with âstrings attachedâ according to the
[211]
US.
[213]
Connected to this, our very own Senate also
just passed a $250 Billion Tech Investment
[219]
Bill Aimed at Countering China. The legislation
authorizes $190 billion in spending, much
[229]
of it aimed at increased research and development
at universities and other institutions. It
[234]
also includes $52 billion in emergency outlays
to help domestic manufacturers of semiconductors
[240]
expand production. You see, weâre in a global
chip shortage right now that has idled U.S.
[248]
automotive plants and disrupted the production
of consumer electronics. How can you benefit
[258]
from this tech stimulus? Like I said in my
previous video, this is your opportunity to
[262]
invest in yourself and develop your skills
in tech and other related fields. You should
[267]
definitely check out our previous video for
all the details. Basically, we covered all
[271]
the side hustle opportunities that are red-hot
right now thanks to tech. All of them you
[277]
can do from home as well. From the top of
my head, I remember some were product testing,
[282]
website and social media creation, and even
teaching whatever youâre good at. So, check
[286]
that out right after this one.
[287]
As for the 4th stimulus check, sources are
saying Biden may be open to the possibility
[293]
of more checks in the future. According to
White House Press Secretary Jen Psakiâs
[297]
latest press briefing: âHeâs happy to
hear from a range of ideas on what would be
[302]
most effective and whatâs most important
to the economy moving forward.â So theyâre
[307]
not closing the door on this just yet, guys.
Especially when support for it has been growing
[311]
so much. More than 80 lawmakers and 156 top
economists have already signed letters asking
[318]
Biden for recurring stimulus checks. Thereâs
also the change.org petition for 2000 monthly
[323]
stimulus checks that have gathered an amazing
2.3M signatures! Thatâs a major deal, you,
[329]
guys. According to the petition, âwe need
immediate checks and recurring payments so
[335]
that we can keep our heads above water. Congress
needs to make sure that we wonât be left
[339]
financially ruined for doing our part to keep
the country healthy.â Make sure you check
[344]
out that petition, guys, and add your signature
to it yourself. Letâs add our 309k subscribers
[350]
to make that to make total 2.6M, shall we?
[353]
Speaking of community, our new membership
programâs been growing thanks to your guysâ
[357]
support. So, thanks so much, guys, for believing
in our community. And those of you curious
[361]
about it, you can show your support for our
channel by clicking that join button beside
[365]
subscribe. Itâs your gateway to our new
membership program that will let you help
[370]
out our channel grow in this next exciting
chapter of our story. For as little as $5,
[374]
you can already show your love for me and
our channel and help us keep going with our
[378]
latest most accurate stimulus updates, timelines,
and programs. Again, thanks so much, guys.
[384]
In more stimulus news, the new $1.2T infrastructure
deal from the bipartisan group of 10 senators
[392]
just got the initial response from the White
House. Since Bidenâs still in the G7 summit
[397]
until Wednesday, deputy Press Secretary Andrew
Bates said, âthe President appreciates the
[402]
Senatorsâ work to advance critical investments
we need to create good jobs, prepare for our
[407]
clean energy future, and compete in the global
economy. Questions need to be addressed, particularly
[412]
around the details of both policy and pay-fors,
among other matters.â One matter that theyâre
[418]
foreseeing Biden will have concern over is
the option to index the gas tax to inflation.
[423]
According to White House officials, it would
violate Biden's pledge not to raise taxes
[429]
on Americans making less than $400,000 annually.
Aside from that, the infrastructure proposal
[434]
is focused on "core, physical infrastructure"
and would not increase taxes. Well, except
[440]
for the gas tax, that is.
[441]
With all this back-and-forth, some Democrats
are reportedly getting antsy and even wary
[446]
as the new stimulus package proposal could
make it tougher to get prized priorities to
[450]
President Bidenâs desk. What theyâre basically
saying here is a bipartisan infrastructure
[455]
package consisting of the most popular infrastructure
spending priorities â such as funding for
[460]
roads, bridges, rail, public transport, airports
and rural broadband internet â will make
[466]
it tougher to marshal support for a bigger
reconciliation package down the road. What
[471]
theyâre worried about leaving out is the
climate change legislation, $400 billion for
[475]
long-term home care and language to lower
the cost of prescription drugs. Climate change
[480]
is especially important for our younger community
members while the other two are a concern
[484]
for our very active members who are on social
security. Right, guys?
[488]
One Democratic senator spilled the tea anonymously
and said the bipartisan is really just a publicity
[493]
ploy that probably wouldnât go anywhere.
This senator argued the bill is too small
[498]
to win support from Democrats and Biden, who
has pushed for much more in spending. According
[503]
to Senate Majority Leader Chuck Schumer, âI
was told verbally the stuff, Iâve asked
[507]
for paper. Iâll go look at it. But we continue
to proceed on two tracks, a bipartisan track
[512]
and a reconciliation track and both are moving
forward.â Does that mean theyâre eventually
[517]
going with the reconciliation route anyway?
Well, thatâs a lot of the American peopleâs
[521]
time wasted. I hope theyâre still sticking
with their July deadline on this at least.
[525]
Schumer ended it with a âThatâs all Iâm
saying. Stay tuned.â There you have it,
[529]
guys. Letâs stay tuned as weâll hopefully
see things rev up next week with Biden coming
[534]
back and the timeline getting closer to next
month.
[537]
Other important news, the CDC announced their
panel to discuss myocarditis reports in young
[543]
people after COVID-19 vaccines. Woah, thatâs
some scary stuff. But, letâs see what it
[549]
says. The news article says a CDC advisory
panel is set to convene in an emergency meeting
[554]
next week to discuss reports of heart inflammation
in adolescents who received the COVID-19 vaccine.
[561]
CDC says 226 confirmed cases of the condition,
called myocarditis, have been reported in
[569]
people under 30 who received the Pfizer or
Moderna COVID-19 vaccines. Myocarditis tends
[575]
to be temporary and clears up with treatment
and monitoring, but the CDC is analyzing these
[580]
cases to see if there's a link to vaccination.
So, theyâre looking into it. Meanwhile,
[584]
the CDC still recommends everyone over 12
get vaccinated against COVID-19 but says anyone
[590]
experiencing chest pain, shortness of breath
or rapid heartbeat within a week of being
[595]
vaccinated should seek medical attention.
Stay safe out there, guys.
[600]
Speaking of safe, letâs talk about how to
prepare for the impending end of mortgage
[604]
forbearance. In February, the Biden Administration
extended the CARES Act federal moratorium
[609]
on home foreclosures and mortgage forbearance
plans. Thatâs about 10M borrowers being
[614]
helped out by these programs. And sad to say,
both programs are about to end on June 30,
[620]
2021. If your forbearance is about to end,
there are some options you can consider:
[627]
Request an extension - you may need to provide
proof that you're experiencing financial hardship.
[632]
Arrange intermittent payments - this will
allow you to pay back your missed payments
[637]
over a period of time that works for you.
Request a loan deferral - This allows you
[643]
to repay the missed payments in a lump sum
once your home is sold or refinanced.
[649]
Refinance your mortgage - When you refinance,
you replace your current mortgage with a new
[654]
loan at a lower interest rate. You could even
lower your monthly payments with a longer
[658]
mortgage term.
All of these you can coordinate with your
[660]
lender and theyâll most likely agree since
theyâll gain more with the deal.
[665]
But sit tight, guys, according to this, the
Consumer Financial Protection Bureau is pushing
[669]
for a new rule that would extend forbearance
until 2022. This would prohibit servicers
[675]
from initiating the foreclosure process until
after December 31 of this year. This would
[680]
also mean mortgage loan servicers need to
make âlive contactâ, like a phone call,
[685]
and provide borrowers with loss mitigation
options before their forbearance period ends.
[692]
The rule would also allow servicers to offer
loan modifications â including term extensions
[701]
and payment deferrals â with less documentation
for borrowers exiting forbearance. There would
[705]
also be certain situations when servicers
could not charge fees, interest, or even past
[710]
late fees during these modifications. Finally
â and this is the big one â the rule would
[715]
institute a âtemporary COVID-19 pre-foreclosure
review period,â during which servicers could
[721]
not initiate foreclosure notices or filings.
It would last through December 31, 2021, starting
[727]
from the ruleâs effective date. That means
servicers wouldnât be able to start foreclosure
[731]
proceedings against a homeowner until at least
January 1, 2022.
[736]
Thereâs also the $10B Homeowners Assistance
Fund that Biden signed in the March stimulus
[742]
package. Youâre eligible for relief if you
own your home and have a loan with a principal
[746]
balance at or below the conforming loan limits.
The 2021 loan limit in most parts of the U.S.
[752]
is $548,250. The rules also state that at
least 60% of the state grants must go to homeowners
[760]
with incomes that don't exceed either the
local median income or the national median
[765]
income, whichever is higher. Unfortunately,
this says donât expect the funds to be made
[769]
available until early 2022. Thatâs just
in time if the mortgage forbearance extension
[775]
pushes through.
[776]
For those renting, thereâs also a ton of
fresh money going into your local emergency
[781]
rental assistance programs. It says it all
here: âTwo separate programs have been established:
[786]
ERA1 provides up to $25 billion under the
Consolidated Appropriations Act, 2021, which
[792]
was enacted on December 27, 2020, and ERA2
provides up to $21.55 billion under the American
[800]
Rescue Plan Act of 2021, which was enacted
on March 11, 2021. The funds are provided
[806]
directly to states, U.S. territories, local
governments, and (in the case of ERA1) Indian
[813]
tribes. Grantees use the funds to provide
assistance to eligible households through
[817]
existing or newly created rental assistance
programs.â Just head on over to the Treasury
[821]
Department website by Googling, âUS Treasury
Emergency Rental Assistance Programsâ There,
[827]
youâll see the list of rental assistance
programs by state, county, and city. They
[831]
even have a helpful search bar you can type
your state into. A lot of these programs have
[835]
reopened this month so you shouldnât have
a problem finding help. Let me know if you
[838]
see it, guys.
[839]
More help coming soon in our next videos.
Whether it's federal stimulus, state stimulus,
[844]
or even surprise stimulus, weâve got you
covered here on our channel. Make sure youâre
[848]
always subscribed and have that notification
bell for the latest most accurate stimulus
[853]
updates, timelines, and programs.
[854]
So anyway guys, thatâs all for your $2000
4th stimulus check update and recurring stimulus
[859]
check update, plus Biden joins hands with
the other G7 countries to call for more stimulus
[865]
worldwide, the CDC panel investigating myocarditis
in young people after COVID-19 vaccines, and
[876]
for our finale, your complete guide on mortgage
forbearance plus all the rental assistance
[882]
programs in your area today. I hope you appreciated
all of it. If you haven't already, do like
[887]
this video, definitely subscribe to the channel
and definitely hit that notification bell
[891]
so that youâll be the first to know as soon
as I release new videos and content. I will
[906]
see you guys in our next video. Take care
guys!
Most Recent Videos:
You can go back to the homepage right here: Homepage