U.S. Economy

The deadly coronavirus pandemic will ultimately cost Americans an estimated $16 trillion, according to a new study released Monday.

When New York City comes back 10 years from now, it will be “a very different city,” Peebles Corporation CEO Don Peebles told “Mornings with Maria” on Monday.

In the letter to House and Senate members, Mnuchin and Meadows said the White House would continue to talk to Senate Democratic Leader Chuck Schumer and House Speaker Nancy Pelosi, but that Congress should "immediately vote on a bill" that would enable the use of unused Paycheck Protection Program funds while working toward a bigger package.

The White House is preparing to offer a new $1.8 trillion coronavirus relief deal two days after President Trump abruptly called off negotiations on another round of aid for American workers and businesses still reeling from the pandemic.

U.S. Commerce Secretary Wilbur Ross on Friday announced the U.S. will impose tariffs on $1.96 billion worth of aluminum sheet goods affecting 18 countries.

House Speaker Nancy Pelosi on Thursday ruled out a stand-alone bill for additional airline relief without a broader coronavirus relief package.  

A push for piecemeal legislation to help pandemic-stricken U.S. airlines is gaining traction among Democrats and Republicans as the industry warned of "many more job losses" in coming weeks.

The number of Americans applying for state unemployment benefits remained historically high last week.

Federal Reserve officials wrestled last month with how to apply their new policy framework to an economy battered by the coronavirus pandemic.

House Speaker Nancy Pelosi pondered out loud whether President Trump’s use of an anti-inflammatory drug “was impacting his thinking” following the abrupt halt of negotiations over the next coronavirus stimulus bill, according to reports.

President Trump is the only person who has taken any action to help Americans during the coronavirus pandemic since the passage of the CARES Act in March, White House trade adviser Peter Navarro told Fox Business Network's “The Claman Countdown” Tuesday.

House Speaker Nancy Pelosi cited Federal Reserve Chairman Jerome Powell on Tuesday in her latest push for a coronavirus relief deal.

Federal Reserve Chairman Jerome Powell urged lawmakers to provide the pandemic-stricken economy with more fiscal support in order to sustain the nation's early recovery.

The coronavirus pandemic accelerated a major shift in the retail industry. Traffic to stores evaporated. Online credit-card transactions soared. E-commerce sales in the second quarter rose by 44.5% compared with the same period in 2019 and they now make up 16% of all U.S. retail sales, according to the Commerce Department.

A majority of registered voters say the economy has become the most important issue ahead of the 2020 presidential election and may potentially affect their choice for president, according to a new Gallup poll.

The chance of Congress striking a coronavirus relief deal before the November presidential elections remains elusive as House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continue to spar over how much money to inject into the pandemic-ravaged economy. 

New York City's business leaders have looked for ways to help the city during its looming financial crisis, as they have done previously in tough times, but some say they haven't found much of a partner in Mayor Bill de Blasio.

Democratic Massachusetts Rep. Katherine Clark knocked Senate Majority Leader Mitch McConnell for not taking up a House coronavirus-relief bill after she said she had an emotional encounter with a flight attendant about to be furloughed.

House Speaker Nancy Pelosi on Friday asked airlines to delay tens of thousands of planned furloughs, vowing that additional government relief is "imminent" for the coronavirus-battered industry.   

Lower-than-expected growth suggests the labor market's recovery from the coronavirus pandemic is beginning to plateau.