U.S. Economy

Rep. Richard Neal unveiled legislation on Thursday to increase the size of the stimulus check in the $900 billion coronavirus relief bill to $2,000 after President Trump threatened to torpedo the aid package. 

House Republicans on Thursday blocked a last-minute attempt by Democrats to pass a bill increasing the size of the stimulus checks included in the $900 billion coronavirus relief package from $600 to $2,000 per adult.

President Trump's last-minute opposition to a $900 billion coronavirus relief bill already passed by Congress threatens to derail the nation's economic recovery from the pandemic amid fresh signs that it's slowing.  

If agreed to by President Trump, the $600 stimulus checks that Congress passed would likely boost consumer spending and prevent a rise in poverty.

With just days left until the Christmas holiday, shoppers across the country are heading to local malls in droves -- braving COVID-19 pandemic risks and forgoing social distancing in order to hunt down last-minute presents. 

Millions of out-of-work Americans who are collecting unemployment benefits as a result of the coronavirus pandemic could face an unpleasant surprise when they file their taxes next year.

Household spending dropped for the first time in seven months and layoffs remained elevated as a surge in virus cases weighed on economic recovery.

House Democrats are planning to force a vote this week on increasing the size of the stimulus checks included in the $900 billion coronavirus relief package.

Massachusetts Republican Gov. Charlie Baker announced Monday that more than 1,150 of his state's small businesses had been approved to receive nearly $49 million in financial grants. 

Sales of previously owned homes slipped in November from a month earlier, as the supply of homes for sale fell to a new low.

After months of stalled negotiations, Congress on Monday night overwhelmingly passed a $900 billion coronavirus relief package, sending much-awaited aid to millions of Americans still reeling from the pandemic.

Congressional leaders struck a deal for a long-awaited coronavirus relief bill after months of stalled negotiations.

Home sales and prices have substantially increased this year and properties are spending less time on the market, even compared with 2019, before the COVID-19 pandemic.

Treasury Secretary Steven Mnuchin said a fresh round of $600 stimulus checks could start going out to Americans as soon as next week, much faster than the first batch of payments that Congress approved earlier this year.

Congress is poised to include a ban on "surprise" medical bills as part of its massive year-end spending package that lawmakers are expected to vote on Monday. 

Senate Majority Leader Mitch McConnell on Sunday evening said lawmakers have reached a long-awaited coronavirus relief bill, though it will be hours before the full details are made public.

Sen. Ron Johnson blocked a last-minute push by his Republican colleague Sen. Josh Hawley on Friday to secure a $1,200 stimulus check for American families still reeling from the coronavirus pandemic. 

J.C. Penney is closing even more stores in March of 2021. 

Oregon's new $62 million pandemic relief fund for Black residents will stop allocating grants and deposit the remaining $8.8 million with a federal court while legal challenges against it continue.

A top Republican senator warned the government could briefly shut down over the weekend as top congressional leaders from both parties race to finalize a $900 billion coronavirus relief deal that will be married to the massive omnibus spending measure.