Money and Policy

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.

If families earn too much to qualify for the expanded tax credits, they can still receive the $2,000 credit for their children if their income level is below $200,000 or individuals and $400,000 for married couples.

A bipartisan group of lawmakers unveiled a plan this week to extend the Paycheck Protection Program for two months amid concerns that the March 31 expiration of the small-business rescue fund could leave struggling employers without a key economic lifeline.

House Speaker Nancy Pelosi Thursday committed to new legislation to raise the minimum wage to $15 an hour after the wage hike provision was stripped from Democrats' massive coronavirus relief bill.

A group of Republican senators unveiled legislation this week to permanently repeal the federal estate tax, a move that's almost guaranteed to fail in the Democratic-controlled Congress.

The Architect of the U.S. Capitol, Brett Blanton, is expected to request a $67 million increase in the agency's yearly budget from the House Appropriations Committee Thursday, totaling $865 million for the fiscal year 2022.

U.S. passenger railroad Amtrak will restore daily service to 12 long distance routes starting in May after Congress on Wednesday gave final approval to $1.7 billion in additional emergency funding.

One of President Biden's Justice Department nominees is linked to a firm whose product was reportedly sold to Mexican drug cartels.

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 U.S. is poised for a "hiring boom" once pandemic restrictions are rolled back and the economy reopens.

A fresh round of stimulus checks is likely on the way for millions of Americans after Senate Democrats approved President Biden's "American Rescue Plan" on Saturday

Janet Yellen, the first woman to head the Federal Reserve and the U.S. Treasury Department, says women seeking to pursue careers in economics face a number of obstacles from the way beginning economics courses are taught to overly aggressive questioning in college seminars.

President Biden has pledged to deliver a third stimulus check to millions of Americans still reeling from the coronavirus pandemic as part of a broader $1.9 trillion relief package.

Top House Democrats on Monday urged the Internal Revenue Service to extend the tax-filing deadline beyond the traditional April 15 deadline.

Millions of Americans can expect to receive a third stimulus check after Senate Democrats approved President Biden's "American Rescue Plan" on Saturday.

The Internal Revenue Service reported last week the total dollar amount of tax refunds was down 59.2% through Feb. 19, exactly one week after the start of tax season.

Senate parliamentarian Elizabeth MacDonough last week ruled against a proposal to include the wage hike in Democrats’ $1.9 trillion COVID-19 relief bill, but Sen. Bernie Sanders, I-Vt., introduced an amendment that needed votes from all 50 Senate Democrats and at least 10 Republicans to pass.

Senate Democrats reached a deal on Friday to lower the weekly unemployment benefits in the nearly $2 trillion coronavirus relief bill to $300 from the $400 included in the House version of the bill.