U.S. Economy

This IRS this week delayed the main April 15 tax-filing deadline until May 17, giving most Americans more time to prepare their filings this tax season amid a slew of pandemic-related policy changes.

Millions of Americans who collected unemployment aid last year got a welcome tax break in President Biden's $1.9 trillion coronavirus relief plan.

White House press secretary Jen Psaki clarified on Wednesday that Biden's proposed $400,000 threshold for tax increases applies to families, rather than individuals.

The number of Americans filing for first-time unemployment benefits increased last week to 770,000.

Most American CFOs think the U.S. economy is poised for a strong recovery from the coronavirus pandemic nearly one year after the crisis triggered the worst downturn since the Great Depression. 

It’s a question occupying the minds of millions of employees who have worked from home the past year: Will they still be allowed to work remotely — at least some days — once the pandemic has faded?

Fed Chair Powell sees an improving economy.

Tax Foundation President Scott Hodge warned on Wednesday that economists are currently “very concerned about the amount of stimulus money that’s been put into the economy."

The Federal Reserve said Wednesday that it would continue holding interest rates near zero and reaffirmed its commitment to other easing policies.

The extra $300-a-week unemployment benefit included in President Biden's coronavirus relief plan may not arrive until mid-April or later.

Twenty-one Republican attorneys general threatened to take action against the Biden administration over a key element of the recently signed $1.9 trillion coronavirus relief law.

The biggest U.S. banks are beginning to deliver stimulus checks to eligible Americans Wednesday morning following some criticism over the timing of the third round of direct cash payments. 

The Small Business Administration mistakenly paid close to $692 million in duplicate Paycheck Protection Program loans to thousands of small businesses.

Treasury Secretary Janet Yellen indicated that President Biden is open to pursuing a wealth tax as a means of paying for his multitrillion-dollar agenda and addressing the nation's swelling federal budget deficit. 

U.S. retail sales faltered in February as consumers pulled back on their spending.

President Biden promised on Monday to crack down on fraud and waste as his administration begins to roll out the $1.9 trillion American Rescue Plan, criticizing President Donald Trump for failing to do so and thereby harming small businesses.

New York lawmakers unveiled a new proposal on Sunday that includes nearly $7 billion in tax hikes on top earners and Wall Street.

The third round of stimulus checks began flowing into Americans' bank accounts over the weekend — but for those still awaiting its arrival, there's a quick way to track the status. 

President Biden is reportedly planning to include the first major tax hike in close to 30 years in the next economic spending bill set to follow his $1.9 trillion coronavirus relief package.

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