U.S. Economy

Small Business Administration Administrator Jovita Carranza defended the multimillion-dollar PPP loans to the wealthy and well-connected companies. 

The latest jobless claims figures from the Labor Department show how many Americans filed for unemployment benefits the week ending July 4.

The U.S. budget deficit soared to a record $2.7 trillion for the first nine months of the fiscal year, as federal revenues dried up and spending surged.

Biden is expected to lay out a plan that calls for aggressively ramping up "Buy American" provisions covering U.S. government spending that would account for a larger part of the U.S. economy.

Nearly half of Americans have seen their income decline during the coronavirus pandemic, according to a new study

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.