U.S. Economy

President Biden's top economic adviser Brian Deese downplayed a recent report from the nonpartisan Congressional Budget Office that found raising the minimum wage from $7.25 to $15 an hour by 2025 would cost the economy about 1.4 million jobs.

 U.S. home sales unexpectedly rose in January despite tight inventories boosting house prices.

A group of House Democrats is calling on the Internal Revenue Service to extend the tax-filing deadline by three months.

As the coronavirus pandemic continues to rage across the country, states are struggling to mitigate the spread of the deadly virus whilst safely reopening their economies. 

These 38 stocks had the largest bets against them of any Russell 3000 stocks as of January 29, according to Goldman Sachs.

Some Americans should consider filing their 2020 tax return as soon as possible in order to collect a bigger stimulus check. Here's why.

Duke Energy Corporation predicted Wednesday that conditions from the latest winter storm could result in nearly one million power outages, with some lasting over a span of days. 

The Labor Department released data showing how many Americans filed for unemployment benefits last week.

The Internal Revenue Service said this week that it has finished issuing stimulus checks to all of the eligible taxpayers that it has on file.

Entrepreneurs, intellectuals and presidential candidates have in recent years touted “universal basic income,” a cash stipend to everyone with no strings attached, as the answer to poverty, automation and the drudgery of work. It has never gotten off the ground in the U.S.

Rep. Alexandria Ocasio-Cortez criticized President Biden after he shot down a proposal from progressive Democrats to eliminate $50,000 in student loan debt.

U.S. retail sales soared in January as consumers boosted their spending. 

President Joe Biden's administration announced on Tuesday that it would extend a federal moratorium on home foreclosures and foreclosure relief programs for homeowners through June.

Many engineered wood products used in new construction, such as I-joists, are in short supply, and mills are backlogged with orders well into March, the pricing service said.

Companies including Old Dominion Freight Line Inc., ArcBest Corp. and Saia Inc. are expanding as businesses try to make their supply chains more nimble to catch up to rapidly shifting consumer demands.

Americans who have not received their coronavirus stimulus check payments, or who received the incorrect amount, have an opportunity to claim the missing money now that the 2020 tax season is officially underway. 

More than one-third of Americans expect to save — not spend — the $1,400 stimulus check that President Biden is urging Congress to pass.

Millions of out-of-work Americans who collected unemployment benefits last year as a result of the coronavirus pandemic could be in for an unpleasant surprise with tax season officially open. 

The House Ways and Means Committee advanced key portions of President Biden's coronavirus relief bill, including the third round of $1,400 payments and a major expansion of the Child Tax Credit.

Fleeing small apartments, buying vacation homes or simply looking for a change of scenery amid the crushing boredom of lockdowns, people scrambled to buy houses amid the pandemic, spurring bidding wars and supercharging real-estate markets across the country.