Relief checks live updates: 2023 Tax season, debt ceiling, disability benefits, real estate house market…

Hello and welcome to AS USA’s live blog on inflation relief and financial news. 

Yesterday, the US Treasury reported that the US had reached its debt limit but that the department would take measures to avoid a US debt default. Leaders have until June to strike a deal to increase or suspend the debt ceiling. If no such deal is passed, which would be unprecedented and unlikely, there could be catastrophic impacts on not only the US, but the global economy. 

Markets this week are down slightly. The Dow Jones is down 2.95 percent, the S&P 500 has fallen nearly two percent, and the NASDAQ is 1.07 percent. Inflation remains high, covid-19 infections in China are impacting supply chains, and the labor market remains strong. The Federal Reservees move to increase unemployment by raising interest rates has yet to pan out. 

Follow along for updates on available state and federal relief, the latest on talks over the debt ceiling, and much much more, 

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