U.S. Economy

As the COVID-19 pandemic has ravaged California communities, leading to another lockdown this month, San Francisco bars and restaurants have had no relief. 

Rich Americans are getting richer — and their wealth is growing significantly faster than the rest of the country's, according to a new study. 

More than 110,000 restaurants have shuttered this year because of the coronavirus pandemic, and a new report from the National Restaurant Association suggests time is running out for thousands more. 

The Trump administration offered a $916 billion coronavirus relief package to Democrats this week, the latest salvo in a nearly half-year long battle on Capitol Hill to pass another round of emergency aid.

Sen. Bernie Sanders is leading a progressive push for the next COVID-19 relief bill to include a second round of stimulus checks after Democratic leaders backed a compromise agreement without the payments last week.

How much have American taxpayers thrown into corruption, failed projects and flagrant misspending? On average, each U.S. taxpayer has forked out $3,000 for the Afghan war effort, with a total price tag exceeding $1 trillion.

President-elect Joe Biden is facing mounting pressure from progressives to cancel student loan debt on his first day in the White House – but doing would do little to boost the nation's pandemic-stricken economy, according to a new analysis.

Senate Minority Leader Chuck Schumer reiterated his call for President-elect Joe Biden to bypass Congress and cancel billions of dollars in student loan debt.

Despite renewed momentum on Capitol Hill to pass a coronavirus relief deal, a bipartisan proposal unveiled last week has run into familiar obstacles, potentially thwarting the chances of a year-end agreement. 

There aren’t dependable numbers for how many pilots have been affected, but union officials and aviation experts say it is already the deepest cull of the profession ever.

It helps that Texas has no state income tax, that Austin winters are relatively short and mild, and that social distancing is easier in a city where homes tend to be roomy and many have backyards.

The U.S. economy faces the risk of a double-dip recession if Congress fails to pass another round of emergency aid before the end of the year. 

Bipartisan lawmakers are set to unveil more details on a proposed coronavirus relief bill Monday as they look to break a months-long stalemate over another round of emergency aid in the few days Congress has left to act.

The U.S. economy's growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year.

Democratic leaders pointed to the lackluster November jobs report on Friday as the latest evidence that another substantial coronavirus relief package is needed for American families and workers still hurting from the pandemic. 

House Speaker Nancy Pelosi said Friday that new coronavirus relief measures could be attached to the omnibus spending bill that Congress needs to pass by next week in order to avoid a government shutdown. 

The Labor Department's monthly payroll report shows how the nation's job market is recovering from the coronavirus pandemic.

President-elect Joe Biden endorsed a $908 billion coronavirus relief proposal from a group of bipartisan senators, saying it "wouldn't be the answer" but would provide immediate help to American workers and businesses reeling from the pandemic.

President-elect Joe Biden suggested this week that he supports returning individual and corporate tax rates to Bush-era highs even though his economic agenda likely hinges on the outcome of two Georgia runoff elections in January.

The number of Americans applying for state unemployment benefits remained elevated last week, as a surge in coronavirus cases and colder weather continue to threaten the labor market's recovery from the pandemic.