U.S. Economy

Rising prices are on the way.

Legislators slammed banks last week for the money they made from overdraft fees. It turns out, though, that overdraft revenue fell in 2020 for the first time in six years.

The U.S. Treasury Department wants a global minimum corporate tax rate of 15%, a reduced ask from the 21% level it previously suggested.

Sen. Ron Johnson argues that the U.S. can better achieve peace through strength.

Movie theaters across the country are trying to make a comeback after facing shutdowns and strict guidelines during the pandemic. However, more than a year later, many are still closed.

The ADP National Employment Report released Wednesday showed U.S. companies added 742,000 jobs in April.

Some Democratic lawmakers on Monday reiterated their demand that President Biden's tax and spending plans include a full repeal of the state and local tax deduction limit.

President Biden is continuing to hit the trail this week to drum up support among the American people for his $4 trillion spending proposals designed to redistribute trillions and dramatically expand the government-funded social safety net. 

The $2.25 trillion proposal, dubbed the American Jobs Plan and aimed at boosting infrastructure among many other projects, would be financed by raising the corporate tax rate from 21% to 28%.

President Biden repeatedly pledged on the campaign trail to not raise taxes on Americans earning less than $400,000, but that income threshold only applies to individual filers – not married couples whose combined salaries exceed the cap.

A top House Democrat is turning up the pressure on President Biden to include a permanent expansion of the child tax credit in his next big-ticket economic spending package.

The IRS has delivered about 161 million stimulus checks as part of President Biden's $1.9 trillion American Rescue Plan, but some Americans are still waiting for their payment to arrive – and the deadline is fast approaching to claim the money.

The IRS sent out a sixth batch of stimulus checks this week, delivering payments to another 2 million Americans as part of President Biden's $1.9 trillion American Rescue Plan.

A group of moderate Senate Republicans on Thursday unveiled a scaled-back infrastructure proposal, a counteroffer to the massive $2.3 trillion tax and spending plan introduced by President Biden earlier this month.

Sen. Bernie Sanders and Rep. Pramila Jayapal unveiled legislation on Wednesday to make college free for millions of Americans – a policy that would be paid for with a new tax on Wall Street.

A group of Democratic lawmakers is calling on the White House to include a permanent expansion of the child tax credit in its next big-ticket economic spending package amid reports that President Biden is seeking to extend it only until 2025.

At least 300,000 out-of-work Americans have seen their unemployment benefits cut short during the coronavirus pandemic due to an outdated method that states use to tally jobless claims.

President Biden is reportedly preparing a slate of new tax hikes on wealthy Americans to pay for the second phase of his multitrillion-dollar spending plans.

More than 700,000 Americans who already filed their 2020 tax returns will receive a supplemental stimulus check this week, the IRS said.

As more people get vaccinated against COVID-19, many are starting to feel safe enough to start traveling again. The Las Vegas Strip is already seeing that demand and hotels are needing to hire more staff, and fast.