U.S. Economy

The French Laundry, the posh California restaurant where Gov. Gavin Newsom was spotted dining with friends and lobbyists one month ago, received more than $2.4 million in taxpayer-funded loans through the Paycheck Protection Program.

MacKenzie Scott, one of the world's richest women, announced Tuesday that she had donated $4.2 billion to 384 charity organizations during the COVID-19 pandemic.

U.S. retail sales fell in November for the first time in six months, suggesting consumers are pulling back on spending.

Most small-business owners in the United States believe the worst of the coronavirus pandemic is still ahead of them, with half saying their operations would permanently close within a year unless the business environment improves, the U.S. Chamber of Commerce said on Tuesday.

A candidate for New York City mayor and one of the highest-ranking Black executives on Wall Street hinted this week that he supports raising taxes on the state's wealthy residents.

Berkshire Hathaway CEO Warren Buffett called on Congress to extend a rescue program for the nation's pandemic-stricken small businesses, likening the shutdown of businesses across the country to an "economic war." 

A growing number of U.S. homeowners are looking to delay their mortgage payments, a sign the economy's recovery from the coronavirus pandemic is beginning to slow. 

A top Senate Democrat joined a growing number of rank-and-file lawmakers in backing a scaled-back coronavirus relief deal that excludes fiscal relief for states and local governments.

The U.S. manufacturing industry has experienced a lifetime of trauma over the past two decades—but we believe 2020 marks the bottom of that long and high-profile decline.

President Trump called on Congress to include a fresh round of stimulus checks for American families in the next coronavirus relief package as the year-end deadline for a deal looms.

A popular California tourist destination is disregarding the state's recent stay-at-home order as coronavirus cases continue to surge.

And then, there weren’t enough lights for the tree.

As coronavirus cases continue to surge around the country, California-based Clorox Co. is struggling to meet demand, warning product shortages will extend through mid-2021. 

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.