U.S. Economy

Some Americans are discovering they have no choice but to file a paper return for 2019. Here's why.

The spread of the novel coronavirus around the globe and the resulting economic slowdown have pummeled the banking industry and raised concerns about loan defaults by consumers and big businesses alike.

The San Francisco-based bank lost $2.38 billion in the second quarter as the novel coronavirus continued to pummel the economy. It was the bank’s first loss since the fourth quarter of 2008.

Americans in the three swing states will be among the most affected by the cutoff in aid at the end of July, according to one new estimate.

Double-digit growth in stock and bond trading fueled the New York-based bank's revenue gains as investors nationwide moved money to safer assets and took advantage of market volatility. 

A mosaic of small businesses around the world that are fighting for survival amid economic fallout from the coronavirus pandemic.

The gap between what the government spent and what it collected was more than 107 times what it was last June.

The CARES Act passed in March allocated $13.5 billion to K-12 education, just a fraction of the $2.2 trillion in government spending thrown at the coronavirus pandemic.

A resurgence in coronavirus cases in some states has led to an uneven recovery in the nation's labor market.

The administration may cap unemployment benefits at no more than 100 percent of a worker's salary in the next virus relief bill.

A second direct payment could face opposition from Senate Republicans, who have voiced concerns about the nation's ballooning deficit and worried about the ineffectiveness of the aid.

Democratic presidential candidate Joe Biden is "blatantly ripping off" President Trump's "Buy American" agenda, White House trade adviser Peter Navarro said Sunday.

A total of nine U.S. states - Alaska, Georgia, Idaho, Iowa, Louisiana, Montana, Ohio, Utah and Wisconsin - also reached records for single-day infections.

Companies that contract with major U.S. cities to provide red lights and other traffic enforcement cameras reaped millions in taxpayer-funded aid

Larry Kudlow said presumptive Democratic nominee Joe Biden's economic plan "defies common sense."

The United States economy could potentially collapse due to the looming debt New Yorkers are facing, economist Peter Morici said.

Trump slammed his challenger's proposal to pay for a $700 billion economic-revival plan by raising taxes.

More widespread usage of face masks, which is recommended by the Centers for Disease Control, could be pivotal in aiding the economy's nascent recovery.

You should file tax forms with the IRS by July 15, no matter how stressed or financially stretched you are this year. Here's why.

The sweetened $600 a week in unemployment benefits expires at the end of July. Out-of-work Americans in these states will be getting the smallest checks once it does.