Economic Indicators

After months of stalled negotiations, Congress on Monday night overwhelmingly passed a $900 billion coronavirus relief package, sending much-awaited aid to millions of Americans still reeling from the pandemic.

Congressional leaders struck a deal for a long-awaited coronavirus relief bill after months of stalled negotiations.

Home sales and prices have substantially increased this year and properties are spending less time on the market, even compared with 2019, before the COVID-19 pandemic.

Treasury Secretary Steven Mnuchin said a fresh round of $600 stimulus checks could start going out to Americans as soon as next week, much faster than the first batch of payments that Congress approved earlier this year.

Congress is poised to include a ban on "surprise" medical bills as part of its massive year-end spending package that lawmakers are expected to vote on Monday. 

Senate Majority Leader Mitch McConnell on Sunday evening said lawmakers have reached a long-awaited coronavirus relief bill, though it will be hours before the full details are made public.

Sen. Ron Johnson blocked a last-minute push by his Republican colleague Sen. Josh Hawley on Friday to secure a $1,200 stimulus check for American families still reeling from the coronavirus pandemic. 

J.C. Penney is closing even more stores in March of 2021. 

Oregon's new $62 million pandemic relief fund for Black residents will stop allocating grants and deposit the remaining $8.8 million with a federal court while legal challenges against it continue.

A top Republican senator warned the government could briefly shut down over the weekend as top congressional leaders from both parties race to finalize a $900 billion coronavirus relief deal that will be married to the massive omnibus spending measure.

Negotiations over another coronavirus relief package are poised to spill into the weekend as congressional leaders scramble to overcome last-minute policy disagreements and reach a bipartisan deal on roughly $900 billion in emergency aid. 

Economists trying to forecast what the first quarter will look like have a seemingly impossible task.

Due to Covid-19, the borrowings of U.S. nonfinancial companies were 8.5% higher at the end of September than a year earlier, when they were already above the 2009 peak both in absolute levels and as a percentage of gross domestic product.

Millions of people could also lose their jobs.

Homebuilders are blown away by the housing market's strength.

An Amazon warehouse worker's complaint that he was illegally disciplined for organizing fellow employees during the coronavirus pandemic was upheld in a National Labor Relations Board investigation.

New U.S. Government Accountability Office data revealed this week that more than 4,000 of Amazon's warehouse workers are on food stamps across nine states.

Rep. Alexandria Ocasio-Cortez asked her millions of Twitter followers whether a $600 stimulus check is enough money for coronavirus relief.

Congressional leaders are inching closer to striking a deal for a long-delayed coronavirus relief bill as millions of Americans still reeling from the pandemic await relief. 

U.S. airlines, already struggling under the economic depression of the COVID-19 pandemic, were forced to cancel more than 600 flights this week as a massive snowstorm pounded the East Coast.