U.S. Economy

In the past four years, U.S. government debt held by the public has increased by $7 trillion to $21.6 trillion.

Top American banks could see their tax bill rise surge if President-elect Joe Biden forges ahead with his campaign pledge to increase the corporate rate.

The IRS urged Americans to file their taxes electronically this year as the agency deals with a backlog of nearly 7 million unprocessed paper returns from last year.

Millions of Americans have already received their $600 stimulus check, but some who are still waiting for the money to arrive will need to file a tax return in order to receive the money.

President-elect Joe Biden's Jan. 20 inauguration and the Jan. 6 riots at the Capitol have brought intense security measures to Washington, D.C., leading some small businesses to close for the week and beyond.

The Covid crisis both accelerated demands for changes to the economic system and demonstrated that governments can spend freely to help those in trouble when they wish.

Analysts estimate that companies in the S&P 500 fell 13% over 2020 due to the pandemic.

The Federal Aviation Administration has approved the nation's first-ever fully automated commercial drone flights.

President-elect Joe Biden is seeking to raise the federal minimum wage to $15 an hour as part of his massive $1.9 trillion coronavirus stimulus proposal, which could deal another financial blow to small businesses already struggling during the pandemic.

A shortage of computer chips is curbing production for automakers around the world. 

President-elect Joe Biden is already facing backlash over the $1.9 trillion coronavirus relief proposal designed to combat the economic downturn and deadly pandemic that he outlined on Thursday night.

The CEO's hypothesis, if borne out, would mean welcome relief from a grim downturn accompanying a pandemic that has killed more than 388,000 Americans, shuttered hundreds of thousands of small businesses and sent unemployment skyrocketing.

President-elect Joe Biden on Thursday unveiled a $1.9 trillion coronavirus stimulus proposal that's designed to jump-start the nation's sputtering economy and accelerate vaccine distribution to control the deadly pandemic. 

New York City’s rent-regulated tenants owe more than $1.1 billion in back rent, with nearly 20% of them more than two months behind on their payments, according to a new survey.

Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the holiday shopping season.

President-elect Joe Biden unveiled a massive $1.9 trillion stimulus package proposal on Thursday evening that aims to combat the coronavirus and begins to pump up a U.S. economy severely battered by the worst pandemic to strike the globe in a century.

Federal Reserve Chairman Jerome Powell said Thursday the U.S. economy could return to a pre-coronavirus pandemic level "fairly soon" thanks to a torrent of monetary and fiscal aid over the past year. 

President-elect Joe Biden on Thursday evening will unveil his long-awaited coronavirus stimulus proposal designed to jump-start the nation's economy amid fresh evidence that the recovery is sputtering. 

The federal government has already sent a majority of American households two direct cash payments: The first, worth up to $1,200 for individuals, went out in April, and the second, worth up to $600 for individuals, will be delivered by Jan. 15.

Congress extended unemployment benefits for millions of out-of-work Americans by 11 weeks with the passage of the $900 billion coronavirus relief package -- but some laid-off workers will be eligible to aid longer.