Page 5 - Refund Checks News Today

Energized for the come uping election battle. youve got them looking back to the government shutdown fight between bill clinton newt gingrich, who will get the blame this time. but if you peel all that away, the policy is ultimately what matters to our viewers. because the bottom line, as brianna was laying out, how this affects military pay, for example, it really affects real lives, all of this fingerpointing and blame game in washington. you have people, for example, with april 15th tax deadl...

And my wife is also working in congress. so well be without both of our incomes. >> if the parties cant pass a spending bill by midnight on friday, heres your reality check of what it will look like. what is it going to mean to you exactly? first of all, for starters, the irs will close. that means many people waiting on refund checks will have to keep waiting. processing of paper tax returns and refunds will have to stop. and youll have those electronic filings, refunds will continue. social se...

Ground soon, the money will stop flowing down to you. christine romans with exactly what that means. >> reporter: for starters, the irs will close. that means many people waiting on refund checks will have to keep waiting. processing of paper tax returns and refunds will have to stop. and youre going to have -- youre going to have those electronic filings of refunds will continue. however, social security checks will still go out. so seniors who are concerneded about this, remember, your social ...

Hot this country is going to get if people cant go to national parks, they cant go to yosemite, they cant go to the smithsonian institute, their refund checks are not coming, soldiers are not getting paid, all kind of things were not fully aware of arent going to happen when these federal employees get furloughed and put off the job. i dont care about the blackberries not working. they can be pretty offense sieve at times, but what do you think is going to be the mood of the country two or three...

Long term but gets it to the ending of the fiscal year. thats what the president is looking at and i am too. >> what are you worried about in terms of the government shutting down out in montana? whats real? people can live without the smithsonian. i always tell people come to walker, you already pay for these museums, you ought to come once in a while. but absent museums, smithsonians, national parks, things like that, im told that the big money is still going to roll. checks will still go to s...

Long term but gets it to the ending of the fiscal year. thats what the president is looking at and i am too. >> what are you worried about in terms of the government shutting down out in montana. whats real? people can live without the smithsonian. i always tell people come to walker, you already pay for these museums, you ought to come once in a while. but absent museums, smithsonians, national parks, things like that, im told that the big money is still going to roll. checks will still go to s...

If people cant go to national parks, they cant go to yosemite, they cant go to the smithsonian institute, their refund checks are not coming, soldiers are not getting paid, all kind of things were not fully aware of arent going to happen when these federal employees get furloughed and put off the job. i dont care about the blackberries not working. but what do you think is going to be the mood of the country two or three weeks into a government shutdown and how are they going to feel toward the ...

Loose, by the way. >> unbelievable. also, the bubble has burst, so to speak, on one of the guinness world records. lets just say a lot of people and a lot of soap water went into breaking this world record. >> you know, a lot of people say they live in a bubble. those folks really did live in a bubble. >> with a lot of others. >> even for a brief time. well, some people are definitely focused on washington this week. the federal government could all be shut down by the end of the week. so wh...

The obamas might have owed a little money. they might have owed a little bit. >> a little bit. its all right. >> a lot of other folks, they get money back. clyde anderson is here, hes our guy on all things financial. people get their refund checks in the mail. >> yes. >> theres always the question, people want to run out and get the flat-screen, put it in savings, pay down debt. you get it in the mail. what should you do? should you spend or save? >> the first thing to remember, you did not win ...

♪ gonna take them away [ quacks ] the president a taking credit for tax refunds hitting a all-time high saying stimulus is the reason but roni deutsche isnt buying it. president taking a bow for that. you dont think he deserves it? i disagree. an argument can be made tax credits are helping refund checks increase. but look at the history. each and every year they increase by what, $400 to $600. i believe there are three or significant reasons why refund checks have increased.