U.S. Economy

Treasury Secretary Steven Mnuchin on Tuesday urged Congress to resume coronavirus relief talks and cut a deal on another aid package.

According to a recent analyst note from JPMorgan, the expiration of the sweetened benefits "has not marked a sharp turning point for the overall economy." 

Just six states are paying out the $300-a-week federal portion of the sweetened aid over three weeks after President Trump signed an executive measure.

Minneapolis and St. Paul have been dealt another financial blow in the wake of George Floyd protests and riots: the high price of rebuilding the Twin Cities.

Democratic presidential candidate Joe Biden said Monday he does not intend to ban fracking if he wins the November election.

The $600-a-week federal unemployment boost padded Americans' wallet with an extra $9 billion, playing a key role in lessening the financial pain of the coronavirus-induced economic recession.

Federal Reserve Vice Chairman Richard Clarida’s comments come on the heels of a Fed announcement last week of a new strategy that will keep the benchmark federal funds rate near zero.

Companies can stop withholding employees' payroll taxes beginning Sept. 1, but workers are still on the hook to pay the taxes by the end of April 2021.

Just months after Hertz Global Holdings Inc. shelled out $16.2 million in extra pay meant to keep executives from leaving as the coronavirus pandemic decimated the travel industry, the car-rental company wants to pass out an additional $14.6 million in bonuses.

While the COVID-19 pandemic has marked the and of weekly traditions like Taco Tuesdays, Wine Wednesdays, and Sunday brunches, new habits like ordering Friday night takeout and delivery may be bringing economically-devastated restaurants back from a point of no return.

As restaurants across the country have closed their doors -- many permanently -- fast-food and fast-casual chains have taken the opportunity to claim the market and plan to utilize drive-throughs to help expand their reach.

Thin sheets of brown plywood are holding American businesses together. 

The Federal Housing Finance Agency announced Thursday that mortgage giants Fannie Mae and Freddie Mac will extend the freeze on foreclosures and evictions on single-family homes until at least Dec. 31

Of the millions of workers furloughed between March and June, 22% have been permanently laid off, according to new payroll data.

So far, 34 states have been approved to offer sweetened federal unemployment aid, created on August 8 when President Trump signed an executive action for $300 a week in federal aid.

Unemployment is still high at 10.2%, and roughly 1 million people are applying for jobless aid each week even as the amount of aid they receive has shrunk.

Last week, the number of Americans filing for unemployment aid unexpectedly rose to 1.1 million.

The IRS is sending out "catch-up" stimulus checks to about 50,000 Americans in September after an error the agency made earlier this year.

Instead, the forum will "digitally convene high-level Davos Dialogues” during the week of Jan. 25 where the WEF says global leaders will share their views on the state of the world in 2021.

The bonds, which will start with babies born in 2021, will be given to children in households earning less than 500% of the Federal Poverty Level