U.S. Economy

As the COVID-19 pandemic raged over the last year, California's almond industry has thrived.

The July jobs report will give lawmakers a read on the strength of the U.S. economy as COVID-19 cases climb and multitrillion spending plans make their way through Congress, and at least one influential member of the GOP is concerned about the recovery.

Buried in the 2,702-page bipartisan infrastructure plan that senators could pass as soon as this week is $1 billion in funding for a commission run by the wife of Sen. Joe Manchin, one of the key Democratic negotiators.

One of the most important signals of future inflation has begun to ease in the past month, a development that should reassure the Federal Reserve in its prediction that the recent inflation surge will prove largely temporary.

Former Council of Economic Advisers Acting Chairman Tyler Goodspeed provides insight into inflation and wages.

The strategy, which draws in loyal shoppers looking for bargains, has left the discount chain with less room than rivals to manage rising costs this year.

Shortages of materials and "difficulties in hiring" are holding back the U.S. economic recovery from the coronavirus pandemic and have driven a "transitory" bout of inflation, the Federal Reserve said on Friday.

U.S. Special Envoy on Climate John Kerry predicted this week that to address climate change, the world would undergo an enormous economic transformation on the scale of the industrial revolution.

Rep. Carlos Gimenez, R-Fla., on President Biden's $1.2T bipartisan infrastructure plan.

U.S. stocks look to be the hottest investment in town, and that popularity shows no signs of slowing down this year.

Queens College Cambridge President Mohamed El-Erian on Treasury Secretary Yellen welcoming higher interest rates.

The Biden administration sets out to increase domestic manufacturing, limit supply chain shortages, and become less reliant on competitors, specifically China, in addition to tackling the computer chip shortage.

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.