U.S. Economy

Democrats are on track to approve hundreds of billions of dollars in no-strings-attached aid for state and local governments in the latest coronavirus relief package.

President Biden has endorsed a plan from moderate Democrats to narrow income eligibility for the third round of stimulus checks in his nearly $2 trillion coronavirus relief package.

House Republicans on Wednesday unveiled a bill to block a financial transaction tax after the recent frenetic trading of GameStop shares revived a years-long effort by progressive Democrats to impose a penalty on stock trades.

Rep. Alexandria Ocasio-Cortez called the debate over raising the minimum wage to $15 per hour "utterly embarrassing."

U.S. private employers continued slowly hiring new workers last month as the number of COVID-19 cases nationwide eased, according to a new report released Wednesday.

Walt Disney Company CEO and Chairman Bob Chapek said that the media conglomerate would enhance efficiency and update attractions at its theme parks amidst the COVID-19 pandemic.

Democratic lawmakers should be cautious about spending too much money on coronavirus relief efforts, according to JPMorgan Chase CEO Jamie Dimon.

The 100 richest Americans would see their collective fortune shrink by $78 billion each year under a wealth tax introduced Monday by Sen. Elizabeth Warren and her progressive allies.

A group of Senate Democrats is urging President Biden to support recurring stimulus checks for low-income Americans as part of his nearly $2 trillion coronavirus relief package.

House Democrats passed a nearly $2 trillion coronavirus relief bill on a mostly party-line vote early Saturday.

Progressive lawmakers are pushing the White House to override a decision last week by the Senate parliamentarian and include a federal minimum wage increase in the $1.9 trillion coronavirus relief package.

President Biden voiced support for a group of Amazon workers pushing to organize in Alabama, calling the union vote "vitally important."

Sen. Elizabeth Warren plans to unveil legislation on Monday that would tax the net worth of the wealthiest Americans, a proposal aimed at reducing income inequality in the U.S. 

The plan, introduced last week by Senate Finance Chairman Ron Wyden and Senate Budget Chairman Bernie Sanders, included tax penalties on large corporations that fail to pay $15 an hour and incentives for the "smallest of small businesses" to encourage them to raise their wages.

READ: Warren Buffett's Annual 2020 Letter to Berkshire Hathaway shareholders.

Congressional Democrats are plowing ahead with passing a nearly $2 trillion coronavirus relief bill that could provide a substantial financial boost to some American families. 

President Biden's $1.9 trillion coronavirus relief bill could automatically trigger billions of dollars in cuts to Medicare and other federal programs, according to new findings published by the Congressional Budget Office.

House Democrats are set to pass President Biden's $1.9 trillion coronavirus relief package in a Friday evening vote.

Besides receiving cash payments, many Americans who have managed to keep their jobs have also been saving money for several months.

Under a $900 billion stimulus program signed by former President Donald Trump in late December, the federal government has been sending one-time cash payments of $600 to most households.