U.S. Economy

The global economy is poised for a strong recovery from the coronavirus pandemic in 2021, the International Monetary Fund said Tuesday.

Yellen is the first woman to have led the U.S. central bank.

The Senate confirmed Janet Yellen, the former chairwoman of the Federal Reserve, as Treasury secretary on Friday afternoon, putting into place a battle-tested economist who will help implement the Biden administration's plan to prop up the nation's pandemic-scarred economy. 

Senate Democrats may rely on a powerful procedural tool to pass the $1.9 trillion measure using their slimmest-possible majority.  

The stock market is in a bubble that's being fueled by U.S. policy on coronavirus stimulus, Bank of America economists warned in a note to clients. 

The company also said it presumed it would continue to make progress in negotiations with theater landlords over lease payments.

A bipartisan group of senators balked at the size of President Biden's $1.9 trillion coronavirus relief proposal during a call with White House officials on Sunday, raising concerns that the measure provides too much money to high-income Americans. 

The Fed spent 2020 combating the economic fallout of the coronavirus pandemic with interest-rate cuts, bond purchases and emergency lending programs.

Domestic-purchase plans put other governments on alert, causing concern that their companies would be excluded from the U.S.'s huge government-procurement market when Washington is making massive investments to fight the fallout of the Covid-19 pandemic.

The proportion of homeowners postponing mortgage payments had been falling steadily from June to November, an indication that people were returning to work and the economy was beginning to recover. But the decrease has largely flattened since November, when the current wave of coronavirus cases surged in communities across the country.

President Biden chose Gina Raimondo, the governor of Rhode Island, as his commerce secretary.

Republicans called for her to work with them in developing economic policies.

Here's everything you need to know about your taxes and the stimulus checks.

The company behind Purell hand sanitizer is making a big bet that America’s fixation on clean hands will outlast the global Covid-19 health crisis. Purell Maker Bets Against a Post-Pandemic Collapse

Rep. Alexandria Ocasio-Cortez called on President Biden to bypass Congress and cancel billions of dollars in student loan debt, just days after he assumed the White House and extended pandemic relief for millions of borrowers through September.

Moody's Analytics chief economist Mark Zandi said on Thursday the $1.9 trillion coronavirus relief package President Biden has proposed is "a good step" to help the "struggling" U.S. economy.

The Labor Department on Thursday released its latest data on the number of Americans filing for unemployment benefits.

President Biden plans to sign a pair of executive orders on Wednesday just hours after his inauguration extending an eviction moratorium and forbearance on student loans as part of a relief effort for Americans still reeling from the coronavirus pandemic. 

President-elect Joe Biden will inherit dueling crises when he takes office on Wednesday, with plans to usher in a sweeping agenda that addresses the raging coronavirus pandemic and the economic catastrophe that it triggered.

The Paycheck Protection Program, a vital lifeline that helped keep pandemic-ravaged small businesses afloat, fully reopened to all participating lenders on Tuesday after initially limiting who was eligible.