U.S. Economy

U.S. retail sales faltered in February as consumers pulled back on their spending.

President Biden promised on Monday to crack down on fraud and waste as his administration begins to roll out the $1.9 trillion American Rescue Plan, criticizing President Donald Trump for failing to do so and thereby harming small businesses.

New York lawmakers unveiled a new proposal on Sunday that includes nearly $7 billion in tax hikes on top earners and Wall Street.

The third round of stimulus checks began flowing into Americans' bank accounts over the weekend — but for those still awaiting its arrival, there's a quick way to track the status. 

President Biden is reportedly planning to include the first major tax hike in close to 30 years in the next economic spending bill set to follow his $1.9 trillion coronavirus relief package.

The FTC's identity theft website allows individuals to report fraud and determine best practices.

President Biden will tap Gene Sterling, a former top economic official in the Obama and Clinton administrations, for a role to oversee the enactment of the administration’s $1.9 trillion coronavirus relief plan.

Spring training baseball is back after the Major League Baseball season ended early last year because of the COVID-19 pandemic. Not only are teams and fans happy, but so are local businesses.

Ttucked into the coronavirus relief legislation — which passed without a single Republican vote — is a raft of unexpected provisions, some seemingly unrelated to the pandemic. 

The American Rescue Plan includes $350 billion in unfettered aid for state and local governments, with $195.3 billion directed toward state governments and Washington, and $130.2 billion allocated for local governments.

If families earn too much to qualify for the expanded tax credits, they can still receive the $2,000 credit for their children if their income level is below $200,000 or individuals and $400,000 for married couples.

A bipartisan group of lawmakers unveiled a plan 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.

President Biden on Thursday signed into law a sweeping coronavirus relief package that includes $1,400 stimulus checks for many Americans — but some individuals with unpaid debts could have that money seized this time around.  

A group of Republican senators unveiled legislation this week to permanently repeal the federal estate tax, a move that's almost guaranteed to fail in the Democratic-controlled Congress.

Moody's Analytics chief economist Mark Zandi says now is the time for "aggressive" fiscal support.

Democrats snuck a handful of surprise tax hikes on corporations in President Biden's sweeping coronavirus relief package that combined are worth more than $60 billion. 

The Labor Department's weekly jobless claims report sheds light on the health of the U.S. jobs market as it recovers from the coronavirus pandemic.

Gov. Andrew Cuomo is refusing to rule out the possibility of a tax hike in New York, even though the state is poised to receive a financial windfall from President Biden's coronavirus stimulus bill. 

Congress approvedPresident Biden's sweeping coronavirus relief package, unleashing another torrent of federal money to bolster the economy's recovery from the coronavirus pandemic nearly one year after the crisis began.  

The CEOs of America's largest companies plan on seeing recovery from the COVID-19 pandemic by the end of 2021.