Janet Yellen's response to job losses from minimum wage increase ‘disappointing,’ Sen. Tim Scott says
Yellen said during her confirmation hearing Tuesday that research suggests job losses from a $15 federal minimum wage are "very minimal, if anything."
Billionaire Bernard Schwartz describes Biden as ‘pro-business’ leader; predicts boon to economy
BLS Investments chairman Bernard Schwartz is backing Joe Biden’s ability to reshape the economy and the country.
Biden defense pick pledges to help clean up DoD budget
Biden has said he doesn't expect any major reductions in defense spending.
The debt question facing Janet Yellen: How much is too much?
In the past four years, U.S. government debt held by the public has increased by $7 trillion to $21.6 trillion.
Inauguration Day: An overview of potential costs
The inaugural committee is 'strongly encouraging' people not to attend the event in person.
PPP round 2 underway: What to know
All financial institutions with $1 billion or less in assets are able to reopen their PPP lending programs on Friday.
Biden calls for more direct cash to Americans in new stimulus package
The money would be distributed on top of $600 checks, which have already been sent.
U.S. budget deficit hits $144 billion, record for the month
The cumulative U.S. deficit for the first three months of fiscal 2021, which started Oct. 1, reached $573 billion, up from $357 billion in the pre-pandemic year-earlier period.
Treasury makes key change to prepaid stimulus cards so Americans don’t toss them
In the spring some recipients mistook the payment for junk mail.
Labor Department estimates $36B in improper unemployment payments in CARES Act
The Department of Labor's Office of the Inspector General estimates that at least $36 billion worth of unemployment payments expended as of Nov. 7 may have been invalid.
10-year Treasury yield jumps above 1%, here’s why it may not spike further
Here's why rising bond yields may not move too much higher.
Manufacturers want Biden to boost ‘Buy American’ practices
Joe Biden's transition team has offered little more than what the president-elect has said in public statements and proposals.
DC program grants over $200,000 in pandemic relief to microbusinesses
The program is the latest effort by the local government to support businesses across the city.
President Trump signs COVID relief, government funding bill
The president's decision to sign the package into law will avert a government shutdown, restore unemployment benefits, stop evictions, provide rental assistance, add additional funding to the Small Business Administration's Paycheck Protection Program and invest in vaccine distribution, among other things.
Loggers wait for share of stimulus money
Tucked inside the new $900 billion coronavirus relief package passed by Congress, but facing an uncertain fate with President Trump, is $200 million in aid for the loggers and the trucking companies that transport their wares.
Private bus industry slams Congress over coronavirus relief bill
Private bus companies are not happy with the new COVID-19 relief package Congress approved late Monday, which allocates $2 billion to the motorcoach industry.
Coronavirus restrictions in NYC make it 'very tough' to make money: Chef David Burke
Chef David Burke will likely temporarily close his New York business because he’s “losing too much money.”
Coronavirus relief bill 'better than ... imagined,' Trump should sign it: Norquist
Americans for Tax Reform President Grover Norquist on Wednesday said President Trump should sign the COVID-19 relief bill that Congress approved Monday.
How much will Social Security retirees get in the second stimulus check?
Retirees who file taxes as single with incomes up to $75,000 will get the full payment and those who file married joint returns with an income up to $150,000 will get the full amount.
NYC restaurateur: Coronavirus stimulus bill a 'one-size-fits-all Band-Aid'
New York restaurateur Tyler Hollinger argues the latest stimulus relief bill isn’t enough for the restaurant industry.