U.S. Economy

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.

President Joe Biden is expected to allow a proclamation from his Republican predecessor that had blocked many temporary foreign workers from coming into the United States to expire on Wednesday, according to three people familiar with the matter.

The Biden administration on Tuesday announced that it's suspending the collection of more than 1 million federally guaranteed student loans

President Biden on Tuesday signed into law a two-month extension of the Paycheck Protection Program one day before the pivotal coronavirus relief fund was poised to expire.

Americans have until May 17 to contribute to their individual retirement accounts and health savings accounts, the IRS said Monday. 

A growing number of Democrats are calling on President Biden to send recurring stimulus checks for low-income Americans as part of his sweeping infrastructure package, arguing the cash payments are necessary until the U.S. economy fully recovers from the pandemic.

Corn prices have hit their highest levels in almost eight years. Analysts say they are likely to get a further boost from motorists.

Tens of millions of low-income Americans are still waiting for their stimulus check to arrive weeks after President Biden signed into law the $1.9 trillion coronavirus relief package. 

The White House is assembling an infrastructure package that will likely be funded by new taxes on corporations and wealthy Americans — but the sweeping multitrillion-dollar plan could face opposition from members of President Biden's own party. 

White House press secretary Jen Psaki said Monday that President Biden will unveil a tax-increase proposal to pay for the first part of his sweeping, multitrillion-dollar infrastructure plan this week.

The Centers for Disease Control and Prevention announced Monday that it has extended a national ban on evictions through the end of June.

The number of people seeking bankruptcy during the pandemic fell sharply last year as government aid propped up income and staved off housing and student-loan obligations.

The Senate voted 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.

The IRS already delayed the main April 15 tax-filing deadline by one month, but some accounting groups say that Americans still reeling from the coronavirus pandemic need more time to submit their returns.

About 30 million Social Security recipients who are still waiting to receive their third stimulus check could see the money arrive soon. 

The IRS said Friday the purchase of personal protective equipment used to combat the spread of COVID-19, including face masks and hand sanitizer, are tax-deductible medical expenses.  

Sen. Elizabeth Warren traded barbs with Amazon in a fiery Twitter exchange after she accused the e-commerce behemoth of exploiting loopholes and offshore havens to avoid paying its "fair share" in taxes.

Sen. Joe Manchin, a key centrist Democrat, said this week that he supports a multitrillion-dollar infrastructure package that would be paid for in part by raising taxes. 

President Biden said Thursday that he will travel to Pittsburgh next week to announce details of his multitrillion-dollar infrastructure bill, a sweeping measure that's expected to include funds for roads and bridges, as well as address issues like climate change and income inequality. 

President Biden called Chinese President Xi Jinping a "smart, smart guy" during his Thursday press conference, even as he vowed to hold Beijing accountable for a multitude of human rights abuses and unfair trade practices.