Billions of dollars in COVID aid fraud to be focus of House hearing
The House Oversight Committee will hold a hearing on the loss of billions of taxpayer dollars that were fraudulently obtained under federal pandemic relief programs.
Ernst calls out federal fraudsters who took COVID-19 unemployment while getting paychecks from taxpayers
Sen. Joni Ernst is calling for an investigation into allegations that federal employees fraudulently claimed COVID-19 relief unemployment while still receiving taxpayer-funded paychecks.
The US consumer is starting to freak out
The share of monthly income Americans set aside for savings was 3.4% in December, down from 7.5% a year earlier and from a record high in April 2020.
US population center trending southward this decade, estimates show
The U.S. population center is on track to take a southern swerve for the first time in history, with Census Bureau population estimates showing the South outgrew other regions.
Gyms that survived pandemic steadily get back in shape
While at-home workouts like Peloton thrived during the Covid-19 pandemic, resurgence in demand for in person fitness classes has gym owners optimistic.
Serta Simmons files for bankruptcy
Serta Simmons Bedding has filed a pre-arranged bankruptcy though it says business fundamentals remain strong despite financial challenges from a slumping mattress industry.
Dollar Tree CEO Mike Witynski to step down
Dollar Tree Inc. announced on Tuesday that CEO Mike Witynski would step down from the board and leave the company. Rick Dreiling will assume the role of chief executive.
US business openings reach all-time high in 2022
Even with a myriad of economic challenges facing business owners, new business openings notched an all-time high in 2022, according to a new report from Yelp.
Elon Musk felt like he 'was dying' after 2nd COVID booster shot, cousin in 'peak health' suffered myocarditis
Elon Musk shared in a series of posts on Twitter Friday evening that he and his cousin both suffered severe side effects from COVID boosters they received.
US economy will 'pay a price' in 2023 from 'misguided' pandemic policies, expert warns
Brian Wesbury says he's 'not bullish anymore' on the economy as he forecasts a recession following the federal government's response to the COVID pandemic.
Federal Reserve Chairman Jerome Powell tests positive for COVID-19
The Fed announced on Wednesday that its chairman, Jerome Powell, has tested positive for COVID-19 and that the 69-year-old is experiencing "mild symptoms."
IRS ends COVID-19 tax credits: Here's what you need to know before filing in 2023
Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credit. Filers will get $1,600 less in credit for 2022 for each qualifying child under age 17.
J&J slashes production of its unpopular COVID-19 shot
A partnership with rival Merck & Co. to help make the shots, forged at the urging of the U.S. government, hasn’t lived up to expectations. The companies are now engaged in arbitration.
Florida man who bought mansion, Maserati using COVID funds sentenced to prison
A Florida man was sentenced to over eight years in prison for obtaining more than $7 million in COVID relief funds
Moderna CEO says COVID moving into endemic stage
Moderna CEO Stephane Bancel discusses the future of the COVID pandemic, booster shots, and the company's outlook for 2023.
California facing $24B budget shortfall amid economic uncertainty
California is facing a $24 billion budget shortfall for 2023-24 as ongoing concerns about inflation and a potential recession create economic uncertainty.
Cruise industry poised to make strong comeback in 2023
More than 50% of U.S. adults say that they are just as likely or more likely to consider taking a cruise this year as they were during pre-pandemic days, according to AAA.
US extends air travel COVID-19 vaccine mandate for international visitors
The U.S. government has extended its COVID-19 vaccine mandate for international travelers, according to the Transportation Security Administration.
White House press sec claims FTX founder, major donor Bankman-Fried visited to discuss 'pandemic prevention'
White House press secretary told reporters on Tuesday that members of the Biden administration met with FTX founder Sam Bankman-Fried to discuss pandemic prevention.
Washington mayor urges Biden to bring federal workers back into offices or create affordable housing
Washington, D.C., Mayor Muriel Bowser is calling for "decisive action" from the Biden administration to get federal workers into offices or to create affordable housing.