U.S. Economy

Federal Reserve Chairman Jerome Powell said Thursday that inflation could temporarily rise as the U.S. economy reopens from the coronavirus-induced shutdowns.

More than 16 million Americans will no longer qualify for a third stimulus check under stricter eligibility parameters endorsed this week by President Biden. 

President Biden is open to making the temporary expanded child tax credit included in the latest coronavirus relief package permanent.

The Labor Department's data on weekly jobless claims shed light on the economy's recovery from the damage inflicted by the coronavirus pandemic.

A Federal Reserve survey of business conditions across the United States has found that economic activity was expanding at a modest pace in February.

Democrats are on track to approve hundreds of billions of dollars in no-strings-attached aid for state and local governments in the latest coronavirus relief package.

President Biden has endorsed a plan from moderate Democrats to narrow income eligibility for the third round of stimulus checks in his nearly $2 trillion coronavirus relief package.

House Republicans on Wednesday unveiled a bill to block a financial transaction tax after the recent frenetic trading of GameStop shares revived a years-long effort by progressive Democrats to impose a penalty on stock trades.

Rep. Alexandria Ocasio-Cortez called the debate over raising the minimum wage to $15 per hour "utterly embarrassing."

U.S. private employers continued slowly hiring new workers last month as the number of COVID-19 cases nationwide eased, according to a new report released Wednesday.

Walt Disney Company CEO and Chairman Bob Chapek said that the media conglomerate would enhance efficiency and update attractions at its theme parks amidst the COVID-19 pandemic.

Democratic lawmakers should be cautious about spending too much money on coronavirus relief efforts, according to JPMorgan Chase CEO Jamie Dimon.

The 100 richest Americans would see their collective fortune shrink by $78 billion each year under a wealth tax introduced Monday by Sen. Elizabeth Warren and her progressive allies.

A group of Senate Democrats is urging President Biden to support recurring stimulus checks for low-income Americans as part of his nearly $2 trillion coronavirus relief package.

House Democrats passed a nearly $2 trillion coronavirus relief bill on a mostly party-line vote early Saturday.

Progressive lawmakers are pushing the White House to override a decision last week by the Senate parliamentarian and include a federal minimum wage increase in the $1.9 trillion coronavirus relief package.

President Biden voiced support for a group of Amazon workers pushing to organize in Alabama, calling the union vote "vitally important."

Sen. Elizabeth Warren plans to unveil legislation on Monday that would tax the net worth of the wealthiest Americans, a proposal aimed at reducing income inequality in the U.S. 

The plan, introduced last week by Senate Finance Chairman Ron Wyden and Senate Budget Chairman Bernie Sanders, included tax penalties on large corporations that fail to pay $15 an hour and incentives for the "smallest of small businesses" to encourage them to raise their wages.

READ: Warren Buffett's Annual 2020 Letter to Berkshire Hathaway shareholders.