U.S. Economy

A report published by the House Select Subcommittee on the Coronavirus Crisis found that at least $728 million in payroll support assistance went to 12 contractors that had laid off a total of 9,300 employees.   

Congressional negotiations over the next round of coronavirus relief funding are stalled despite sweeping agreement between Republicans and Democrats that additional aid is needed.

A bipartisan group of senators is hoping the relief package will include a controversial proposal to fix diminishing funds for Social Security, Medicare and the nation's highways. 

The number of Americans applying for unemployment benefits remained historically high last week, the Labor Department said Wednesday.

Here's a closer look at the HEALS Act and HEROES Act and how much money Americans still reeling from the pandemic could receive under each proposal. 

The drop in GDP is expected to be the biggest drop ever recorded

Nearly one-third of small-business decision-makers said either they or the business owners have used their own money to help the business survive the crisis.

The Federal Reserve on Wednesday pledged to continue taking aggressive action to support the U.S. economy as the recovery has started to plateau.

The aviation business, once a profit engine for GE, swung to a loss in the June quarter as both revenue and orders plunged. The unit produces engines for Boeing Co. and Airbus SE planes but has had to cut production and jobs as airlines delay orders.

Nearly half of Americans whose families experienced a layoff during the coronavirus pandemic think the job loss will be permanent.

The second checks will follow the same eligibility formula as the first round. Here's how much money you could receive.

A study published this month by Yale University economists found that workers with more-generous jobless benefits didn't experience larger employment declines when the benefits took effect.

Kevin Hassett returned to the White House in March because of coronavirus.

Joe Biden plans to call for the Federal Reserve to play a bigger role in addressing racial economic inequality

New York City faces a mass exodus of Wall Street firms — and jobs — as some financial and professional-services industries consider trimming their presence in the city by at least 20 percent

While governments and central banks have pumped liquidity into the global economy to support a recovery, no measures have been as aggressive as those taken by the U.S.

Outdated state unemployment insurance systems across the U.S. could take months to adopt a Republican proposal that would cap benefits at a certain percentage of worker's former salary. 

Stephen Moore argues Senate Republicans got the coronavirus stimulus bill half right - here's what he thinks the GOP got right, and what they need to fix

U.S. consumer confidence tumbled in July to a reading of 92.6 as coronavirus infections spread in many parts of the country.

Rochester, N.Y.-based Kodak will receive a $765 million dollar loan under the Defense Production Act.