Congress

The auto industry’s quickening shift to electric cars is spurring investment in another emerging industry in the U.S.: manufacturing lithium-ion batteries for those vehicles.

The Senate confirmed Janet Yellen, the former chairwoman of the Federal Reserve, as Treasury secretary on Friday afternoon, putting into place a battle-tested economist who will help implement the Biden administration's plan to prop up the nation's pandemic-scarred economy. 

Senate Democrats may rely on a powerful procedural tool to pass the $1.9 trillion measure using their slimmest-possible majority.  

The stock market is in a bubble that's being fueled by U.S. policy on coronavirus stimulus, Bank of America economists warned in a note to clients. 

A bipartisan group of senators balked at the size of President Biden's $1.9 trillion coronavirus relief proposal during a call with White House officials on Sunday, raising concerns that the measure provides too much money to high-income Americans. 

Republicans called for her to work with them in developing economic policies.

Senate Republicans slammed President Biden's $1.9 trillion coronavirus relief bill this week, warning the measure will not get 60 votes.