U.S. Economy

Rep. Alexandria Ocasio-Cortez renewed her push for President-elect Joe Biden to bypass Congress and cancel billions of dollars in student loan debt when he assumes the White House in a few weeks. 

Biden’s “buy American” proposals echo those of previous presidents, including President Trump, who issued executive orders to spur more federal purchases of U.S. goods and sought to use tariffs to disadvantage foreign producers.

According to a National Restaurant Association study, nearly 17% of all U.S. restaurants -- more than 110,000 businesses -- have closed long-term or permanently.

As executives look ahead, vaccines against Covid-19 -- greenlighted by U.S. authorities in recent weeks -- are expected to boost growth in the second half of 2021, as Americans return to offices, shopping malls and gyms.

Seattle's HauteYoga -- one of the city's highest-rated studios -- is holding in-person classes, despite Democratic Gov. Jay Inslee's recent extension of statewide restrictions.

It’s no secret that 2020 has seen a booming real estate market despite the economic woes the coronavirus pandemic has caused. But can that keep going?

Northern California casinos are going forward with New Year's Eve party plans as the COVID-19 pandemic rages on in the already-ravaged Golden State.

Here are the lessons investors say they have learned from an unforgettable year.

North Carolina's small businesses and restaurants ravaged by the coronavirus pandemic's economic devastation are standing up to Congress. 

After working remotely for the better part of a year, employees have proven they can do it, and do it despite the difficulties being at home may have presented. Going forward, that means that where people work may have changed permanently, according to chief information officers.

Here is a breakdown of how jobs in various categories of the labor market cumulatively changed from February, just before the pandemic hit the U.S., to November.

Democratic Gov. Gavin Newsom's decision to reinstate stay-at-home orders and prohibit outdoor dining on Dec. 6 dealt a shattering blow to already-wounded restaurants like Covina's Bread & Barley.

U.S. home prices rose in October by their fastest pace in more than six years as a stampede out of city centers resulted in the fewest properties listed for sale on record.

Long-term changes in the workplace will continue for years. Working from home and other remote locations, which became a necessity during the pandemic, will likely remain a major part of the workplace, employers and real-estate executives say.

Austin has tried hard to hang on to its particular culture over years of booming growth and popularity, which have attracted money and energy to the city but also brought rising rents and traffic congestion.

The stock market soared, home prices did too—and millions of Americans went hungry. Nothing about the 2020 recession has turned out as predicted.

After months of stalled negotiations, Congress overwhelmingly passed a $900 billion coronavirus relief package that includes a $600 stimulus check for millions of Americans still reeling from the pandemic – if President Trump signs the legislation.

Rep. Richard Neal unveiled legislation on Thursday to increase the size of the stimulus check in the $900 billion coronavirus relief bill to $2,000 after President Trump threatened to torpedo the aid package. 

House Republicans on Thursday blocked a last-minute attempt by Democrats to pass a bill increasing the size of the stimulus checks included in the $900 billion coronavirus relief package from $600 to $2,000 per adult.

President Trump's last-minute opposition to a $900 billion coronavirus relief bill already passed by Congress threatens to derail the nation's economic recovery from the pandemic amid fresh signs that it's slowing.