U.S. Economy

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.

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer embraced a bipartisan $908 billion coronavirus relief deal as the starting point for negotiations with Republicans.

November bankruptcy filings in the U.S. hit a 14-year low, driven by a decline in individuals filing for protection from creditors as they continue to enjoy the benefits of eviction moratoriums and other government assistance stemming from the coronavirus pandemic.

Treasury Secretary Steven Mnuchin said Wednesday that he has spoken with Janet Yellen, President-elect Joe Biden's pick to lead the department next year, as part of the White House transition process.  

Household appliances are breaking down faster than before with increased use as people shelter at home, and existing malfunctions have now become more intolerable. As travel remains limited because of the pandemic, wealthier consumers flush with cash are choosing to upgrade household products or splurge on new purchases.

Judge ordered release of detailed PPP data in response to lawsuit by news organizations under Freedom of Information Act

The ADP National Employment Report revealed how many jobs private U.S. employers added in November amid a surge in COVID-19 cases.

Unemployment insurance benefits for Americans in 13 states dipped below the poverty line after the extra $600-a-week in federal aid expired at the end of July, according to a new report from the Government Accountability Office.