U.S. Economy

Coronavirus stimulus payment may arrive as a debit card, IRS says

While the vast majority of the more than 100 million $600 coronavirus stimulus checks approved by Congress late last year were deposited directly into Americans’ bank accounts, several million others were sent through prepaid debit cards and in paper checks.

Senate confirms Janet Yellen as first female Treasury secretary

The Senate confirmed Janet Yellen, the former chairwoman of the Federal Reserve, as Treasury secretary on Friday afternoon, putting into place a battle-tested economist who will help implement the Biden administration's plan to prop up the nation's pandemic-scarred economy.