U.S. Economy

Former Council of Economic Advisers Acting Chairman Tyler Goodspeed provides insight into inflation and wages.

The strategy, which draws in loyal shoppers looking for bargains, has left the discount chain with less room than rivals to manage rising costs this year.

Shortages of materials and "difficulties in hiring" are holding back the U.S. economic recovery from the coronavirus pandemic and have driven a "transitory" bout of inflation, the Federal Reserve said on Friday.

U.S. Special Envoy on Climate John Kerry predicted this week that to address climate change, the world would undergo an enormous economic transformation on the scale of the industrial revolution.

Rep. Carlos Gimenez, R-Fla., on President Biden's $1.2T bipartisan infrastructure plan.

U.S. stocks look to be the hottest investment in town, and that popularity shows no signs of slowing down this year.

Queens College Cambridge President Mohamed El-Erian on Treasury Secretary Yellen welcoming higher interest rates.

The Biden administration sets out to increase domestic manufacturing, limit supply chain shortages, and become less reliant on competitors, specifically China, in addition to tackling the computer chip shortage.

Rising prices are on the way.

Legislators slammed banks last week for the money they made from overdraft fees. It turns out, though, that overdraft revenue fell in 2020 for the first time in six years.

The U.S. Treasury Department wants a global minimum corporate tax rate of 15%, a reduced ask from the 21% level it previously suggested.

Sen. Ron Johnson argues that the U.S. can better achieve peace through strength.

Movie theaters across the country are trying to make a comeback after facing shutdowns and strict guidelines during the pandemic. However, more than a year later, many are still closed.

The ADP National Employment Report released Wednesday showed U.S. companies added 742,000 jobs in April.

Some Democratic lawmakers on Monday reiterated their demand that President Biden's tax and spending plans include a full repeal of the state and local tax deduction limit.

President Biden is continuing to hit the trail this week to drum up support among the American people for his $4 trillion spending proposals designed to redistribute trillions and dramatically expand the government-funded social safety net. 

The $2.25 trillion proposal, dubbed the American Jobs Plan and aimed at boosting infrastructure among many other projects, would be financed by raising the corporate tax rate from 21% to 28%.

President Biden repeatedly pledged on the campaign trail to not raise taxes on Americans earning less than $400,000, but that income threshold only applies to individual filers – not married couples whose combined salaries exceed the cap.

A top House Democrat is turning up the pressure on President Biden to include a permanent expansion of the child tax credit in his next big-ticket economic spending package.

The IRS has delivered about 161 million stimulus checks as part of President Biden's $1.9 trillion American Rescue Plan, but some Americans are still waiting for their payment to arrive – and the deadline is fast approaching to claim the money.