Economy

WASHINGTON — The House Budget Committee approved reconciliations to President Joe Biden’s proposed $1.9 trillion novel coronavirus relief legislation Monday, setting in motion the bill’s final vote in the full House of Representatives expected to follow this week.  If enacted,... Read More

President Joe Biden is extending federal pandemic assistance to the smallest of the nation's small businesses and taking steps to ensure funds reach minority and woman-owned businesses. The steps announced Monday morning are intended to bring more equity to the... Read More

WASHINGTON — According to experts convened by the political advocacy group The Concord Coalition, the nation’s long standing fiscal, monetary, and economic challenges were made more difficult by the pandemic, but they are not insurmountable.  Leaders from the Congressional Budget... Read More

WASHINGTON - Recognizing the vital role of state and local government in achieving President Biden’s charge for our country to Build Back Better, the NewDEAL Forum released policy recommendations Thursday for responding to immediate crises and addressing long-term challenges exacerbated... Read More

WASHINGTON — With proposals by both the Biden Administration and Sen. Mitt Romney coming to the table in early 2021, prospects for an American child allowance have their strongest-ever chance of coming to fruition. Both plans create a new child... Read More

WASHINGTON (AP) — A Democratic-led effort to pass a $1.9 trillion pandemic relief package has passed its latest challenge with House committees advancing measures that will soon be combined into a single bill expected to clear the full House by... Read More

MILWAUKEE (AP) — President Joe Biden is promising a majority of elementary schools will be open five days a week by the end of his first 100 days in office, restating his goal after his administration came under fire when... Read More

President Joe Biden is extending a ban on housing foreclosures to June 30 to help homeowners struggling during the coronavirus pandemic. The moratorium on foreclosures of federally guaranteed mortgages had been set to expire on March 31. On his first... Read More

As panicked Americans cleared supermarkets of toilet paper and food last spring, grocery employees gained recognition as among the most indispensable of the pandemic's front-line workers.A year later, most of those workers are waiting their turn to receive COVID-19 vaccines,... Read More

The pandemic has made clear that broadband access goes hand-in-hand with economic opportunity, exposing the inequities and lack of resources for black-owned businesses across the country, according to Commissioner Geoffrey Starks of the Federal Communications Commission. Since the onset of... Read More

WASHINGTON (AP) — Democrats pushed half of President Joe Biden's $1.9 trillion COVID-19 relief plan through a House committee Thursday, advancing $1,400 payments for millions of Americans and other initiatives that Republicans call too costly, economically damaging and brazenly partisan.The... Read More

WASHINGTON - Rep. Chris Pappas, D-N.H., led a group of 10 lawmakers this week in a bipartisan call for $100 million in funding for the National Sea Grant College Program in the next COVID relief package. Since the beginning of... Read More

President Joe Biden will visit Wisconsin next week for his first official trip as president, participating in a TV town hall from Milwaukee. Biden will take questions at a socially-distanced, invitation-only event hosted by CNN next Tuesday night, according to... Read More

WASHINGTON - The House Ways and Means Committee is meeting Wednesday to mark up sweeping COVID-19 legislation that the panel's chairman, Rep. Richard Neal, of Massachusetts, says will enable Americans from all walks of life to better confront the lingering... Read More

COLOGNE, Germany (AP) — Bars have been closed for more than three months, Carnival celebrations are canceled, and it's not clear when things will get better in Germany. That has left the boss of Brauerei Heller, an organic brewery in... Read More

NEW ORLEANS (AP) — During last year's Carnival season, tourists at the Elysian Fields Inn gathered over breakfast to talk about parades from the night before. At NOLA Art Bar, they sipped cocktails and watched a parade go by. At... Read More

WASHINGTON - President Joe Biden invited a select group of business leaders to the White House Tuesday afternoon to hear their thoughts and hopefully garner their support for his $1.9 trillion COVID relief plan. Sitting with his back to the... Read More

FRANKFURT, Germany (AP) — They are the annual journeys of late winter and early spring: Factory workers in China heading home for the Lunar New Year; American college students going on road trips and hitting the beach over spring break;... Read More

The new administration’s $1.9 trillion relief plan could potentially lead to longer-term risks of increased public debt, higher inflation, overvaluing of products, an economic crash and dependence on future stimulus funding, according to the Committee for a Responsible Federal Budget.... Read More

A new report from the Breakthrough Institute, an environmental research center based in California, outlines how Congress can effectively tackle climate change while creating millions of jobs in the process. The report aims to prioritize specific climate change policy goals... Read More

WASHINGTON (AP) — President Joe Biden met Friday with leading House Democrats who aim to put his $1.9 trillion coronavirus relief package on a fast track to becoming law, drawing on new signs of strain in the economy to push... Read More

NEW YORK (AP) — As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small business owners face a tough decision on whether and when to take on employees. The pandemic forced Meghan Gardner to let go... Read More

WASHINGTON (AP) — Even as President Joe Biden gathers with senators and works the phones with Capitol Hill to push for a $1.9 trillion COVID-19 relief package, his team is increasingly focused on selling the plan directly to voters. His administration... Read More

WASHINGTON (AP) — President Joe Biden panned a Republican alternative to his $1.9 trillion COVID rescue plan as insufficient as Senate Democrats pushed ahead, voting to launch a process that could approve his sweeping rescue package on their own, if Republicans refuse... Read More

A new study from DealAid.org shows that over 70% of Americans have made a donation to charitable organizations in 2020, a near 10% increase from those who donated to charities in 2019. Over 1,100 Americans were surveyed to determine how... Read More

WASHINGTON (AP) — President Joe Biden told Republican senators during a two-hour meeting he's unwilling to settle on an insufficient coronavirus aid package after they pitched their slimmed down $618 billion proposal that's a fraction of the $1.9 trillion he is... Read More

WASHINGTON - House Speaker Nancy Pelosi and Senate Majority Leader Charles Schumer filed a joint budget resolution Monday, paving the way to enabling Democrats to pass President Joe Biden's $1.9 trillion COVID Relief Package without a single Republican vote. The... Read More

WASHINGTON - The Congressional Budget Office estimates that the U.S. economy will return to its pre-pandemic level by mid-2021, but employment levels will not fully return to normalcy until 2024. The nonpartisan federal agency that provides budget and economic analyses... Read More

It's a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store. But the revolt of online stock-traders suggests much more. The internet is shifting society’s balance of... Read More

WASHINGTON (AP) — President Joe Biden is set to meet Monday with a group of 10 Republican senators who have proposed spending about one-third of the $1.9 trillion he is seeking in coronavirus aid, though congressional Democrats are poised to move... Read More