U.S. Economy

Roughly one-third of households -- 32 percent -- have not made their complete housing payment in July, a survey published Wednesday found.

If the government sends cash payments to Americans until the crisis recedes, it will help to boost consumer spending, the economists argued

What the next stimulus bill will look like remains unclear, but certain measures that are on the table include another stimulus check for individuals earning less than $40,000, payroll tax relief and limited liability protection for businesses.

The Paycheck Protection Program helped small businesses avert mass layoffs and kept small businesses afloat during the coronavirus pandemic. It may also be a revenue windfall for banks.

Some states have experienced a surge of layoffs while the losses have been more tempered in others.

While Quarles said markets are working well after the turmoil in March, but cautioned there's more trouble to come. 

The IRS and taxpayers face a slew of challenges ahead of the impending July 15 tax filing deadline, including a backlog of paper returns.

The government disclosures highlight how the high-profile program also benefited wealthy and well-connected businesses, in addition to mom-and-pop shops. 

De Niro, who's worth an estimated $500 million, co-founded the swanky Japanese-Peruvian fusion restaurant in 1994.

The program, a rescue fund established by Congress with the passage of the $2.2 trillion CARES Act at the end of March, was supposed to stop accepting applications on June 30.

At the onset, the program was heavily criticized for granting aid to publicly traded companies that had other avenues for relief.

U.S. consumers are buying again, but their shopping patterns show broad fears of persistent health risks amid the pandemic.

Top economist says the economy will be helped if Washington ends the coronavirus program that helps the unemployed

Some states have experienced a tidal wave of layoffs -- in May, 43 states set record jobless rate highs -- while the losses have been more tempered in other states.

What the next stimulus bill will look like remains unclear, but certain measures that have gained traction over the past month include another stimulus check, additional aid for businesses and the unemployed and a back-to-work bonus.

The figures marked the second consecutive month of growth in the millions, indicating a continued improvement in the nation's stressed labor market as business activity resumed. The unemployment rate dropped to 11.1 percent, down from 13.3 percent in May. 

In the past week, Trump has vocalized his support for a second stimulus check -- even as the economy starts to gradually improve.

States, which administer the benefits, have their own complex unemployment laws to determine how much money an individual should receive based on your weekly earnings before being laid off.

The June jobs report shed light on the health of the U.S. labor market as it starts to recover from the coronavirus pandemic.

Mayors for a Guaranteed Income has committed to exploring direct, recurring cash payments to community members and advocating for a similar program nationwide.