U.S. Economy

The U.S. is teetering on the brink of the "most severe housing crisis" in decades, according to a new report.

The measure authorizes an extra $400 in federal unemployment benefits – $100 of which will come from state budgets.

The Trump administration is open to more coronavirus-related aid for states but not bailouts of "bad management," White House economic adviser Larry Kudlow said on Wednesday.

Democratic leaders and White House officials are still at a stalemate regarding another coronavirus relief deal, Pelosi said.

Rosengren raised fresh doubts about the viability of a full economic rebound and said the virus will continue to dictate the speed of the nation's turnaround.

Mnuchin called on Democratic negotiators to pass a "half legislation that's good for the American public" on coronavirus relief.

Harris, a first-term California senator and a former state attorney general and San Francisco district attorney, has become a reliable surrogate for Biden.

Combined, the four measures would inject about $165 billion of liquidity into the U.S. economy in the short-term and add $10 billion to the nation's deficit.

President Trump's decision to halt the collection of payroll taxes could add an additional $40 billion a month to the paychecks of Americans.

Treasury Secretary Steven Mnuchin said Monday that he expects most states to administer the extra benefit by the end of August. 

The Labor Department expects enhanced unemployment checks to go out in roughly two weeks, White House economic adviser Larry Kudlow said on Tuesday.

Since the program launched at the beginning of April, more than 5.2 million loans worth about $525 billion had been distributed, saving some 51 million jobs.

About 34% of renters, or roughly 23.7 million Americans, have little to no confidence that they'll be able to pay their August rent.

With negotiations over another coronavirus relief package at a standstill, here's an update on the possibility of a second $1,200 stimulus check.

Trump's executive orders includes a postponement of the collection of payroll taxes from Sept. 1 through Dec. 31 for individuals earning less than $2,000 per week.

The U.S. Federal Reserve announced Monday how much each large bank that underwent its 2020 stress tests will have to hold in additional capital

The unemployment rate is "undoubtedly" higher than the 10.2% reported for July, Chicago Federal Reserve President Charles Evans said on Sunday.

At the beginning of June, the IRS still had to pay out between 30 million and 35 million checks. Here's what to do if the government owes you money.

The clock is ticking for both parties to meet their self-imposed Friday deadline to cut a deal on the next round of emergency aid.

Leisure and hospitality accounted for the bulk of the hiring, adding 592,000 new positions.