Powell says inflation could see temporary spike, but pledges Fed will be patient
Federal Reserve Chairman Jerome Powell said Thursday that inflation could temporarily rise as the U.S. economy reopens from the coronavirus-induced shutdowns.
Biden blocks $1,400 stimulus checks for 16M Americans after tightening income eligibility
More than 16 million Americans will no longer qualify for a third stimulus check under stricter eligibility parameters endorsed this week by President Biden.
Biden eyes permanent child tax credit expansion after $1.9T coronavirus relief bill
President Biden is open to making the temporary expanded child tax credit included in the latest coronavirus relief package permanent.
Another 745K Americans filed for unemployment benefits last week
The Labor Department's data on weekly jobless claims shed light on the economy's recovery from the damage inflicted by the coronavirus pandemic.
Fed's beige book signals economic optimism as COVID-19 vaccine rolls out
A Federal Reserve survey of business conditions across the United States has found that economic activity was expanding at a modest pace in February.
Biden's COVID-19 relief bill includes billions in aid for states that don't need it
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.
Biden tightens $1,400 stimulus check income limits amid pressure from moderate Dems
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 move to block financial transaction tax as GameStop furor revives Dems' calls for penalty
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.
AOC slams debate over $15 minimum wage as 'utterly embarrassing'
Rep. Alexandria Ocasio-Cortez called the debate over raising the minimum wage to $15 per hour "utterly embarrassing."
ADP report shows private companies added 117,000 jobs in February
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.
Disney plans to enhance attractions, boost efficiency once theme parks reopen, CEO says
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.
Jamie Dimon warns too much COVID-19 relief could pose threat to US economy, says Dems should be 'cautious'
Democratic lawmakers should be cautious about spending too much money on coronavirus relief efforts, according to JPMorgan Chase CEO Jamie Dimon.
Elizabeth Warren's wealth tax would cost 100 richest Americans $78B
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.
Democrats urge Biden to send recurring stimulus checks after $1.9T relief bill
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.
Biden's $1.9T COVID-19 relief bill heads to the Senate – here's what happens next
House Democrats passed a nearly $2 trillion coronavirus relief bill on a mostly party-line vote early Saturday.
AOC, progressives push Biden to overrule Senate parliamentarian on $15 minimum wage
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.
Biden backs Amazon workers' push to unionize in Alabama: 'Make sure your voice is heard'
President Biden voiced support for a group of Amazon workers pushing to organize in Alabama, calling the union vote "vitally important."
Elizabeth Warren to unveil wealth tax on Americans worth over $50M
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.
Democrats scrap plan to penalize corporations over $15 minimum wage
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.
Warren Buffett's annual letter to Berkshire Hathaway shareholders
READ: Warren Buffett's Annual 2020 Letter to Berkshire Hathaway shareholders.