Jun 22, 2020

Borrowing from yourself during the pandemic

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The IRS is making more families eligible to borrow from their retirement accounts without penalty. American Airlines has been forced to raise another $3.5 billion. Why the U.S. government would sell bonds that don’t need to be paid back.

Segments From this episode

COVID-19

More people are eligible to tap retirement savings without penalty

by David Brancaccio , Scott Tong and Alex Schroeder

Jun 22, 2020

The big change: If your spouse's job has been hit by COVID-19 you may be eligible to pull as much as $100,000 from retirement savings — penalty-free.

Pixabay

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COVID-19

Why the U.S. government would sell bonds that don't need to be paid back

by David Brancaccio , Chris Farrell , Candace Manriquez Wrenn and Rose Conlon

Jun 22, 2020

It could help the federal government deal with the debt mountain it's amassing from COVID-19 spending.

Long-term bonds would help the Treasury borrow while locking in the current low interest rates.

Alastair Pike/AFP via Getty Images

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Music from the episode

The Ketchup Song (Aserejé) - Spanish Version Las Ketchup

The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Jonathan Frewin Producer, BBC

Daniel Shin Producer

Jay Siebold Technical Director

Brian Allison Engineer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Rose Conlon Producer

Alex Schroeder Producer

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