U.S. Economy

The IRS is holding onto more than $1.3 billion in unclaimed tax refunds for individuals who did not file a return in 2017 — money that will expire if those people don't collect it soon, the agency said Monday.  

The IRS sent out a third batch of stimulus checks this week that includes "plus-up" payments for Americans who are eligible for more money now that their 2020 tax returns have been processed.  

President Biden last week rolled out a $2.25 trillion spending proposal that his administration is pitching as a once-in-a-generation investment that will create the “strongest, most resilient, innovative economy in the world."  

Treasury Secretary Janet Yellen on Monday will make the case for a global minimum tax rate as she pushes President Biden's plan to increase levies on U.S. corporations in order to fund his $2.25 trillion spending proposal, according to Axios.

From individuals with smartphones and a few thousand dollars to pensions and private-equity firms with billions, yield-chasing investors are snapping up single-family houses to rent out or flip.

U.S. manufacturers have long grumbled about labor shortages, but the past year has proven particularly frustrating.

The past year has been the hottest for sales activity in 14 years. Home values are rising in practically every corner of the U.S., and median sale prices in dozens of metro areas have posted double-digit percentage increases from a year ago, according to Zillow Group Inc.

President Biden's $1.9 coronavirus relief package offered a major tax break for millions of Americans were collected unemployment aid last year.

Attorneys general from 13 states sued the Biden administration this week over a key element of the recently enacted $1.9 trillion coronavirus relief law that prevents states from using government aid to lower taxes.

President Biden defended the inclusion of the largest corporate tax rate in decades in his $2.25 trillion spending package, despite criticism from CEOs and industry groups who say it could hurt U.S. economic growth. 

House Speaker Nancy Pelosi signaled support this week for including a repeal of the $10,000 cap on state and local deduction in President Biden's sweeping spending proposal. 

Steve Moore argues Alexandria Ocasio-Cortez’s ideas about spending are becoming mainstream within the Democrat Party.

President Biden's $2.25 trillion infrastructure proposal is already sparking pushback from Democrats and Republicans alike.

President Biden on Wednesday unveiled a proposal for the largest corporate tax rate in decades as a means of paying for his nearly $2.25 trillion spending package – an increase that could indirectly hurt middle-class Americans. 

NASA has announced that it will invest more than $45 million in 365 proposals from American small businesses as part of the agency's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

Enormous losses at Archegos Capital Management have cast a rare spotlight on the growing influence of below-the-radar institutions around the globe called family offices

Biden's planned tax hikes could extinguish any hope Democrats have of maintaining their governing trifecta in the 2022 midterm elections, according to some experts.

President Biden on Wednesday unveiled details of a sweeping $2.25 trillion infrastructure that would be funded by dramatically raising the taxes paid by U.S. corporations, an increase that could have a detrimental side effect on the U.S. economy, according to one analysis. 

President Biden released a sprawling proposal to rebuild the nation's crumbling infrastructure and pump money into manufacturing, transportation, renewable energy and combating climate change.

President Biden on Wednesday will detail his proposal to revamp the nation’s infrastructure alongside a revenue-raising plan that aims to ensure the nation’s largest corporations are paying their fair share in taxes.