U.S. Economy

Progressive lawmakers are pushing the White House to override a decision last week by the Senate parliamentarian and include a federal minimum wage increase in the $1.9 trillion coronavirus relief package.

President Biden voiced support for a group of Amazon workers pushing to organize in Alabama, calling the union vote "vitally important."

Sen. Elizabeth Warren plans to unveil legislation on Monday that would tax the net worth of the wealthiest Americans, a proposal aimed at reducing income inequality in the U.S. 

The plan, introduced last week by Senate Finance Chairman Ron Wyden and Senate Budget Chairman Bernie Sanders, included tax penalties on large corporations that fail to pay $15 an hour and incentives for the "smallest of small businesses" to encourage them to raise their wages.

READ: Warren Buffett's Annual 2020 Letter to Berkshire Hathaway shareholders.

Congressional Democrats are plowing ahead with passing a nearly $2 trillion coronavirus relief bill that could provide a substantial financial boost to some American families. 

President Biden's $1.9 trillion coronavirus relief bill could automatically trigger billions of dollars in cuts to Medicare and other federal programs, according to new findings published by the Congressional Budget Office.

House Democrats are set to pass President Biden's $1.9 trillion coronavirus relief package in a Friday evening vote.

Besides receiving cash payments, many Americans who have managed to keep their jobs have also been saving money for several months.

Under a $900 billion stimulus program signed by former President Donald Trump in late December, the federal government has been sending one-time cash payments of $600 to most households.

Progressive Democrats launched a last-minute campaign urging the White House to overrule a top Senate official who decided late Thursday night that a federal minimum wage increase could not be included in the coronavirus relief package.

A massive coronavirus relief bill that Democrats plan to pass on a party-line vote includes millions of dollars for a taxpayer-funded nonprofit group with a scandal-ridden history. 

The economy grew at a slightly faster pace in the final three months of 2020 than first thought, ending a year in which the overall economy shrank more than it had in the past seven decades.

The number of Americans filing for first-time unemployment benefits remained elevated last week, Labor Department figures show.

Progressives are threatening to withhold support for the COVID relief package if the measure doesn't include a long-sought minimum wage increase. 

Sen. Josh Hawley unveiled a new proposal on Wednesday that would use taxpayer money to increase the income of low-earning Americans.

House Democrats are barreling forward with passing a nearly $2 trillion coronavirus relief bill that includes a grab bag of provisions seemingly unrelated to the tandem health and economic crises.

President Biden pledged on the campaign trail to raise the corporate tax rate — an increase that could have a detrimental side effect on the U.S. economy.

More than 150 chief executive officers from some of the nation's biggest and most influential businesses endorsed President Biden's coronavirus relief plan on Wednesday

President Biden is reportedly laying the groundwork for another massive spending package that's likely to draw criticism from lawmakers already wary of the nation's already ballooning deficit as Congress moves forward with passing the administration's nearly $2 trillion coronavirus relief bill.