U.S. Economy

President Biden's $2.25 trillion infrastructure proposal is already sparking pushback from Democrats and Republicans alike.

President Biden on Wednesday unveiled a proposal for the largest corporate tax rate in decades as a means of paying for his nearly $2.25 trillion spending package – an increase that could indirectly hurt middle-class Americans. 

NASA has announced that it will invest more than $45 million in 365 proposals from American small businesses as part of the agency's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

Enormous losses at Archegos Capital Management have cast a rare spotlight on the growing influence of below-the-radar institutions around the globe called family offices

Biden's planned tax hikes could extinguish any hope Democrats have of maintaining their governing trifecta in the 2022 midterm elections, according to some experts.

President Biden on Wednesday unveiled details of a sweeping $2.25 trillion infrastructure that would be funded by dramatically raising the taxes paid by U.S. corporations, an increase that could have a detrimental side effect on the U.S. economy, according to one analysis. 

President Biden released a sprawling proposal to rebuild the nation's crumbling infrastructure and pump money into manufacturing, transportation, renewable energy and combating climate change.

President Biden on Wednesday will detail his proposal to revamp the nation’s infrastructure alongside a revenue-raising plan that aims to ensure the nation’s largest corporations are paying their fair share in taxes.

President Joe Biden is expected to allow a proclamation from his Republican predecessor that had blocked many temporary foreign workers from coming into the United States to expire on Wednesday, according to three people familiar with the matter.

The Biden administration on Tuesday announced that it's suspending the collection of more than 1 million federally guaranteed student loans

President Biden on Tuesday signed into law a two-month extension of the Paycheck Protection Program one day before the pivotal coronavirus relief fund was poised to expire.

Americans have until May 17 to contribute to their individual retirement accounts and health savings accounts, the IRS said Monday. 

A growing number of Democrats are calling on President Biden to send recurring stimulus checks for low-income Americans as part of his sweeping infrastructure package, arguing the cash payments are necessary until the U.S. economy fully recovers from the pandemic.

Corn prices have hit their highest levels in almost eight years. Analysts say they are likely to get a further boost from motorists.

Tens of millions of low-income Americans are still waiting for their stimulus check to arrive weeks after President Biden signed into law the $1.9 trillion coronavirus relief package. 

The White House is assembling an infrastructure package that will likely be funded by new taxes on corporations and wealthy Americans — but the sweeping multitrillion-dollar plan could face opposition from members of President Biden's own party. 

White House press secretary Jen Psaki said Monday that President Biden will unveil a tax-increase proposal to pay for the first part of his sweeping, multitrillion-dollar infrastructure plan this week.

The Centers for Disease Control and Prevention announced Monday that it has extended a national ban on evictions through the end of June.

The number of people seeking bankruptcy during the pandemic fell sharply last year as government aid propped up income and staved off housing and student-loan obligations.

The Senate voted this week to extend the Paycheck Protection Program for two months amid concerns that the March 31 expiration of the small-business rescue fund could leave struggling employers without a key economic lifeline.