U.S. Economy

New York City’s rent-regulated tenants owe more than $1.1 billion in back rent, with nearly 20% of them more than two months behind on their payments, according to a new survey.

Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the holiday shopping season.

President-elect Joe Biden unveiled a massive $1.9 trillion stimulus package proposal on Thursday evening that aims to combat the coronavirus and begins to pump up a U.S. economy severely battered by the worst pandemic to strike the globe in a century.

Federal Reserve Chairman Jerome Powell said Thursday the U.S. economy could return to a pre-coronavirus pandemic level "fairly soon" thanks to a torrent of monetary and fiscal aid over the past year. 

President-elect Joe Biden on Thursday evening will unveil his long-awaited coronavirus stimulus proposal designed to jump-start the nation's economy amid fresh evidence that the recovery is sputtering. 

The federal government has already sent a majority of American households two direct cash payments: The first, worth up to $1,200 for individuals, went out in April, and the second, worth up to $600 for individuals, will be delivered by Jan. 15.

Congress extended unemployment benefits for millions of out-of-work Americans by 11 weeks with the passage of the $900 billion coronavirus relief package -- but some laid-off workers will be eligible to aid longer. 

The consumer-price index -- which measures what consumers pay for everyday items including food, clothing and recreational activities -- increased a seasonally adjusted 0.4% in December compared with November, the Labor Department said Wednesday.

The Vermont senator says he will use a fast-track process to pass Biden’s economic agenda where appropriate.

President-elect Joe Biden could make good on his campaign promise to cancel billions of dollars in student loan debt after Democrats flipped the Senate last week, securing a monopoly on power for the first time in more than a decade.

Stimulus checks mistakenly sent to inactive or closed bank accounts are being redirected, and some taxpayers can expect to start receiving the money by the beginning of February.  

The Paycheck Protection Program, a vital lifeline that helped keep pandemic-ravaged small businesses afloat, reopened to applicants on Monday with several key changes put in place.

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

American manufacturers have gotten better at safeguarding their factory floors and containing infections of Covid-19 in their workforces. Despite the progress, they are still struggling to find enough people to staff their plants.

Victoria’s Secret is poised to emerge from the pandemic stronger than it went in — thanks to a fresh new look that includes curvier models and slimmed down shelves.

Sen. Joe Manchin said Friday that he would "absolutely not" support sending Americans a $2,000 stimulus check, potentially dealing a fatal blow to a key part of President-elect Joe Biden's coronavirus relief plan. 

The Paycheck Protection Program, a vital lifeline that helped keep small businesses afloat during the coronavirus pandemic, will reopen to applicants on Monday.

Democrats pledged to deliver $2,000 stimulus checks to Americans as soon as possible after winning control of the Senate with a pair of victories in Georgia's runoff elections. 

The Labor Department released its closely watched December jobs report on Friday morning.

Investors are building tens of thousands of houses expressly to rent in a bet that Americans will keep flocking to spacious suburban living even if they can't afford to buy homes.