U.S. Economy

President-elect Joe Biden, while speaking with key labor leaders and CEOs from some of the nation's biggest companies, made a promise: Unions will have increased power under his administration. 

The clock is running out for Congress to strike a coronavirus relief deal and fund the government before year-end as lawmakers try to work through a laundry list of unfinished business in the lame-duck session.

Health and Human Services Secretary Alex Azar on Friday rejected the notion of another shutdown in the U.S. to curb a spike in COVID-19 cases and hospitalizations across the country. 

Democratic leaders on Thursday renewed their push for a multitrillion-dollar coronavirus relief package, likely setting up a showdown with Republicans as the two sides remain fundamentally divided over how much money to spend on stimulus measures.

It's a milestone that may further complicate efforts on another government relief bill, something economists have warned will be badly needed as a second wave of coronavirus infections tightens restrictions on businesses, potentially spurring more layoffs that leave workers struggling to pay for housing and food.

The number of Americans applying for state unemployment benefits remained significantly higher than pre-pandemic levels last week.

Over the past six months, the U.S. economy has already recovered about half of the 22 million jobs lost during the coronavirus pandemic, but according to a new analysis, it could take years for the labor market to return to pre-crisis levels

For months, Congress has struggled to reach an agreement on another round of emergency relief for families and businesses after passing the $2.2 trillion CARES Act in March, at the beginning of the pandemic.

The federal government has been flooded with reports of potential fraud in the Paycheck Protection Program, a vital lifeline that helped keep small businesses afloat during the coronavirus pandemic. 

While Mr. Biden hasn't detailed his specific plans, aides and advisers say he is expected to review those levies. And like President Trump, he will largely be able to act without the need for Congressional support.

If Joe Biden wins the November presidential election, the estates of wealthy Americans could be hit with a tax rate as high as 67%, according to a new analysis published by the Tax Foundation.

Unlike last spring, state, local officials use targeted measures in hopes of stemming rising infections and hospitalizations

A recent rise in infections in much of the West risks worsening a divide in how countries and industries are weathering the crisis

The unemployment rate went down for the sixth straight month to 6.9%, topping Wall Street's expectations.

A divided Congress may lead to a smaller coronavirus relief package ‒ here's why.

The Labor Department's October jobs report pointed to a slowdown in the labor market's recovery from the pandemic-induced recession.

One of Wall Street’s most prominent executives is optimistic that the current election results--divided government—will be good for investors, FOX Business has learned.

The Federal Reserve, meeting on the heels of the still-undecided presidential election, reiterated its pledge on Thursday to do whatever it can to help navigate the U.S. economy through the coronavirus pandemic.

The number of Americans applying for state unemployment benefits held steady last week.

Private employers hired at a slower-than-expected pace in October, indicating the labor market's recovery from the coronavirus crisis is cooling, according to the ADP National Employment Report released Wednesday.