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. 

Janet Yellen, President-elect Joe Biden's nominee to lead the Treasury Department, made the case for the quick passage of a sweeping $1.9 trillion coronavirus relief bill proposed by the incoming administration. 

Goldman Sachs analysts raised their growth forecasts for the U.S. this year after President-elect Joe Biden unveiled a sprawling coronavirus relief package that would inject $1.9 trillion into the nation's sputtering economy.

The Boeing 737 Max will be approved to resume flights in Europe next week, following nearly two years of reviews after the aircraft was involved in two deadly crashes that saw the planes grounded worldwide, the head of the European aviation safety agency said Tuesday.

In the past four years, U.S. government debt held by the public has increased by $7 trillion to $21.6 trillion.

Top American banks could see their tax bill rise surge if President-elect Joe Biden forges ahead with his campaign pledge to increase the corporate rate.

The IRS urged Americans to file their taxes electronically this year as the agency deals with a backlog of nearly 7 million unprocessed paper returns from last year.

Millions of Americans have already received their $600 stimulus check, but some who are still waiting for the money to arrive will need to file a tax return in order to receive the money.

President-elect Joe Biden's Jan. 20 inauguration and the Jan. 6 riots at the Capitol have brought intense security measures to Washington, D.C., leading some small businesses to close for the week and beyond.

The Covid crisis both accelerated demands for changes to the economic system and demonstrated that governments can spend freely to help those in trouble when they wish.

Analysts estimate that companies in the S&P 500 fell 13% over 2020 due to the pandemic.

The Federal Aviation Administration has approved the nation's first-ever fully automated commercial drone flights.

President-elect Joe Biden is seeking to raise the federal minimum wage to $15 an hour as part of his massive $1.9 trillion coronavirus stimulus proposal, which could deal another financial blow to small businesses already struggling during the pandemic.

A shortage of computer chips is curbing production for automakers around the world. 

President-elect Joe Biden is already facing backlash over the $1.9 trillion coronavirus relief proposal designed to combat the economic downturn and deadly pandemic that he outlined on Thursday night.

The CEO's hypothesis, if borne out, would mean welcome relief from a grim downturn accompanying a pandemic that has killed more than 388,000 Americans, shuttered hundreds of thousands of small businesses and sent unemployment skyrocketing.

President-elect Joe Biden on Thursday unveiled a $1.9 trillion coronavirus stimulus proposal that's designed to jump-start the nation's sputtering economy and accelerate vaccine distribution to control the deadly pandemic.