Government Spending

The biggest U.S. banks are beginning to deliver stimulus checks to eligible Americans Wednesday morning following some criticism over the timing of the third round of direct cash payments. 

The IRS has agreed to not seize some Americans' stimulus check to offset outstanding federal tax debts, according to an agency watchdog. 

A former Microsoft executive on Tuesday pleaded guilty to attempting to fraudulently collect $5.5 million in PPP loans.

Treasury Secretary Janet Yellen indicated that President Biden is open to pursuing a wealth tax as a means of paying for his multitrillion-dollar agenda and addressing the nation's swelling federal budget deficit. 

New York lawmakers unveiled a new proposal on Sunday that includes nearly $7 billion in tax hikes on top earners and Wall Street.

The third round of stimulus checks began flowing into Americans' bank accounts over the weekend — but for those still awaiting its arrival, there's a quick way to track the status. 

Rep. Van Drew responds to the Biden administration eying the first major tax hike since 1993.

President Biden is reportedly planning to include the first major tax hike in close to 30 years in the next economic spending bill set to follow his $1.9 trillion coronavirus relief package.

President Biden will tap Gene Sterling, a former top economic official in the Obama and Clinton administrations, for a role to oversee the enactment of the administration’s $1.9 trillion coronavirus relief plan.

Treasury Secretary Janet Yellen believes that 2022 will see a return to full employment, crediting the recently passed COVID-19 relief bill as a major step down the path toward recovery.

Banks have begun processing $1,400 federal stimulus checks for many Americans as part of President Biden's $2 trillion COVID-19 relief package.

The American Rescue Plan includes $350 billion in unfettered aid for state and local governments, with $195.3 billion directed toward state governments and Washington, and $130.2 billion allocated for local governments.

President Biden on Thursday signed into law a sweeping coronavirus relief package that includes $1,400 stimulus checks for many Americans — but some individuals with unpaid debts could have that money seized this time around.  

Moody's Analytics chief economist Mark Zandi says now is the time for "aggressive" fiscal support.

Democrats snuck a handful of surprise tax hikes on corporations in President Biden's sweeping coronavirus relief package that combined are worth more than $60 billion. 

Gov. Andrew Cuomo is refusing to rule out the possibility of a tax hike in New York, even though the state is poised to receive a financial windfall from President Biden's coronavirus stimulus bill. 

Congress approvedPresident Biden's sweeping coronavirus relief package, unleashing another torrent of federal money to bolster the economy's recovery from the coronavirus pandemic nearly one year after the crisis began.  

Another round of stimulus checks will soon be on the way for millions of Americans after the House approved President Biden's massive coronavirus relief package Wednesday.

The cost of U.S. consumer goods and services rose in February as a surge of government stimulus raised fresh concerns about runaway economic growth and a surge in inflation, rattling Wall Street. 

The bill calls for grants equal to the amount of restaurants' revenue losses, up to a maximum of $10 million per company and $5 million per location