U.S. Economy

Simple tax forms are revealing the extent of the identity theft that made state-run unemployment offices lucrative targets for fraud during the pandemic.

New research suggests that the jobless aid is not reaching millions of out-of-work Americans. 

House and Senate Democrats on Thursday ramped up their pressure on President Biden to bypass Congress and unilaterally cancel $50,000 in student loan debt for millions of Americans. 

Congressional Democrats renewed their push on Thursday to give newborn Americans a $1,000 savings account.

Treasury Secretary Janet Yellen said Thursday that her meeting with top federal regulators later this morning will focus on whether recent market volatility warrants "further action." 

Although President Biden has maintained that that nearly $2 trillion emergency aid package needs to include direct payments worth $1,400, he's indicated that he's open to narrowing eligibility for the money in hopes of securing some GOP support. 

The number of Americans filing for first-time unemployment benefits fell slightly but remained elevated last week as the coronavirus pandemic continues to trigger a high number of layoffs.

Popular grocery retailer Trader Joe's announced this week that it would temporarily raise its pay for all employees amidst the continually-raging COVID-19 pandemic. 

Washington state’s richest residents — including Jeff Bezos and Bill Gates — would pay a wealth tax on some financial assets under a new proposal.

New research suggests the stimulus money would be most effective at boosting the U.S. economy if it targeted lower-income Americans

Democrats unveiled a bill this week aimed at providing tax relief for the millions of Americans collecting unemployment benefits last year 

U.S. private employers resumed hiring in January amid signs that new COVID-19 cases are falling.

President Biden says his proposal to raise the federal minimum wage to $15 an hour will lift many low-wage workers out of poverty, but some businesses and economists warn it could cost jobs as the U.S. recovers from pandemic layoffs.

President Biden's relief proposal could provide an immediate burst to the U.S. economy but may drag on growth in years to come. 

President Biden has made a third stimulus check an integral part of his nearly $2 trillion coronavirus relief package.

President Biden and top congressional Democrats signaled they intend to pass a large coronavirus relief bill — whether or not Republican lawmakers support it

A third stimulus check for Americans still reeling from the coronavirus pandemic seems almost guaranteed - here's who would qualify.

Melvin Capital Management, the hedge fund squeezed by its short-selling bets that GameStop shares would fall, lost 53% on its portfolio in January, a source familiar with the matter told FOX Business. Melvin Capital Management, the hedge fund squeezed by its short-selling bets that GameStop shares would fall, lost 53% on its portfolio in January.

Take a closer look at how the two proposals from President Biden and Senate Republicans compare.

Rep. Ilhan Omar called for a new tax on stock trades after a battle between an army of amateur investors and hedge funds caused a dramatic swing in the share price of GameStop and other heavily shorted companies.