Congress

President-elect Joe Biden suggested this week that he supports returning individual and corporate tax rates to Bush-era highs even though his economic agenda likely hinges on the outcome of two Georgia runoff elections in January.

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer embraced a bipartisan $908 billion coronavirus relief deal as the starting point for negotiations with Republicans.

Treasury Secretary Steven Mnuchin said Wednesday that he has spoken with Janet Yellen, President-elect Joe Biden's pick to lead the department next year, as part of the White House transition process.  

Judge ordered release of detailed PPP data in response to lawsuit by news organizations under Freedom of Information Act

President-elect Joe Biden is facing mounting pressure from progressives to cancel student loan debt on his first day in the White House – but doing so may disproportionately benefit wealthy Americans, according to a new analysis.

A bipartisan group of senators on Tuesday unveiled a $908 billion coronavirus relief deal after months of congressional gridlock over another emergency aid package.

Federal Reserve Chairman Jerome Powell warned the pace of the U.S. economic recovery from the coronavirus pandemic has moderated in recent months and said the outlook remains "extraordinarily uncertain" amid a recent surge in infections across the country.

Lawmakers have just weeks to reach terms on an agreement before Congress adjourns for the year on Dec. 21.