Fed officials pledge full support to aid US coronavirus recovery, minutes show
During their June meeting, Fed policymakers projected that interest rates will remain at zero until 2022.
Millions of taxpayers awaiting refund from IRS could face 'extreme delays'
The National Taxpayer Advocate said the IRS had a backlog of 4.7 million returns for the 2019 tax year as of mid-May, warning that some taxpayers are in "for a long wait."
US construction spending fell 2.1% in May
Home building dropped 4% with construction of single-family homes down 8.5%.
US private sector added 2.37M jobs in June, ADP says
The data is typically a good indicator of what to expect in the more closely watched jobs report from the Labor Department.
Mnuchin says remaining $135B in PPP fund could be repurposed
The remaining $135 billion in the PPP may be repurposed as the economic fallout from the pandemic continues, Treasury Secretary Steven Mnuchin said Tuesday.
Fed bought debt from Walmart, McDonald’s, Berkshire Hathaway and Microsoft as part of coronavirus response
A transaction list disclosed by the U.S. central bank on Sunday shows the first individual company bond purchases it's made through the secondary market corporate credit facility.
US consumer confidence beats expectations in June
The Conference Board said on Tuesday its consumer confidence index rose to a reading of 98.1 this month from a downwardly revised 85.9 in May.
PPP set to expire with $134 billion left over as Congress weighs next steps
On Tuesday, the final day for small businesses to apply for a forgivable loan through the Paycheck Protection Program, there remains $134 billion in the fund. What happens to the money now?
Biden pledges to roll back Trump's tax cuts: 'A lot of you may not like that'
The Trump administration permanently slashed the corporate tax rate from 35 percent to 21 percent with the passage of the 2017 Tax Cuts and Jobs Act.
Second coronavirus stimulus check under consideration: How did first $1,200 payment affect economy?
The massive government response to the outbreak of the virus and subsequent economic lockdown helped the poverty rate to remain mostly unchanged, new research shows.
US airlines face prolonged recovery from coronavirus pandemic, Goldman predicts
U.S. traffic trends have been slower to resume as a result of a resurgence of COVID-19 cases in the country.
SBA expected to release names of PPP loan recipients this week
The SBA is expected to release a tranche of data on Thursday revealing which business owners received PPP loans.
Small businesses seeking coronavirus relief have until June 30 to apply for PPP loan
Small businesses can apply for the money through their local bank, so long as it's an approved SBA lender, or through any federally insured depository institution, federally insured credit union and Farm Credit System institution that is participating.
Trump’s reelection is about jobs: Steve Bannon
Steve Bannon says to get reelected, President Trump needs to focus on jobs.
US jobs recovery plateaus as coronavirus case surge threatens economy
The number of unemployed Americans filing for jobless benefits dropped almost imperceptibly last week, evidence the job markets recovery is slowing
As US emerges from coronavirus pandemic, economy will see 'little interruptions,' Ross says
Ross said it's natural to see some interruption to economic activity as the U.S. begins to reopen from the coronavirus-induced shutdown
US consumer spending up 8.2%, partly erasing record plunge
Last month's rebound in consumer spending followed spending drops of 6.6% in March and 12.6% in April, when the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a recession.
US airline CEOs to hold White House meeting
Vice President Pence will host the meeting with other U.S. officials.
Extra $600 in unemployment benefits could expire before July 31 - here's why
The confusion of the language led some states to list July 31 as the end date of the benefits, when it's actually a few days earlier.
Actors union asks Disney to delay opening Florida parks too
The Actors' Equity Association said that it was unclear how Disney World could "responsibly" reopen as coronavirus cases continue to soar in the Sunshine State.


















