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Intel is in talks to buy GlobalFoundries for about $30 billion

Intel Corp. INTC -1.26% is exploring a deal to buy GlobalFoundries Inc., according to people familiar with the matter, in a move that would turbocharge the semiconductor giant’s plans to make more chips for other tech companies and rate as its largest acquisition ever.

Democrats' $3.5T budget plan includes major Medicare expansion

Medicare, the health insurance program for older Americans, would cover dental, vision and hearing under a massive $3.5 trillion budget blueprint reached by Democrats this week that would vastly expand the government-funded social safety net.

Powell defends Fed's inflation stance as GOP lawmakers cast doubt

Federal Reserve Chairman Jerome Powell on Thursday defended the U.S. central bank's decision to keep in place the ultra-easy policy measures implemented last year during the COVID-19 pandemic, even as inflation surges to the highest level in 13 years.

Money in the bank: Child tax credit dollars head to parents

Democrats see this as a landmark program along the same lines as Social Security, saying it will lead to better outcomes in adulthood that will help economic growth. But many Republicans warn that the payments will discourage parents from working and ultimately feed into long-term poverty.

How the expanded child tax credit payments work

The Biden administration is beginning to distribute expanded child tax credit payments, giving parents on average $423 this month, with payments continuing through the end of the year.