U.S. Economy

Pelosi, Schumer urge McConnell to restart coronavirus relief talks

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer urged Senate Majority Leader Mitch McConnell to resume negotiations on another coronavirus relief package with the clock running out for Congress to strike a deal before year's end.

U.S. clocks record deficit in October on pandemic spending

It's a milestone that may further complicate efforts on another government relief bill, something economists have warned will be badly needed as a second wave of coronavirus infections tightens restrictions on businesses, potentially spurring more layoffs that leave workers struggling to pay for housing and food.

Biden is expected to review Trump's trade tariffs

While Mr. Biden hasn't detailed his specific plans, aides and advisers say he is expected to review those levies. And like President Trump, he will largely be able to act without the need for Congressional support.