Economy

The surging U.S. savings rate means the country can afford to support Americans laid off due to the coronavirus pandemic, while a “hard” lockdown could deliver a faster economic recovery, a senior Federal Reserve official said on Sunday. Federal Reserve... Read More

WASHINGTON - Nearly four months after Congress approved a $10 billion loan for the struggling U.S. Postal Service as part of the CARES Act, the service and the Treasury Department have struck a deal on the terms of the loan.... Read More

Joe Biden on Tuesday unveiled plans for addressing systemic racism that has put Black people and other nonwhite communities at an economic disadvantage, promising “bold, practical investments” to rebuild as the country struggles with the impact of the COVID-19 pandemic... Read More

As the United Kingdom sets out its plan of guiding and supporting its arts industry amid the pandemic, the sector remains in a state of crisis as freelancers in the British theatre sector consider leaving the profession and theatres face... Read More

WASHINGTON — With a $600-a-week unemployment benefit expiring this week, senior White House aides continued to suggest Sunday that a jobless benefit that was too generous would discourage people from going back to work. The officials said a short-term stopgap... Read More

WASHINGTON - The U.S. Senate tried to figure out a response Wednesday to a trade war with China that is taking on new urgency during the coronavirus pandemic. Republican and Democratic senators identified Chinese computer hackers and patent thieves as... Read More

WASHINGTON — When the COVID-19 pandemic first drove the country into lockdown and tens of millions of workers lost their jobs, Congress voted to add $600 a week to whatever individual states paid in unemployment insurance. That extra money was... Read More

WASHINGTON — Senate Republicans and the Trump administration expect to unveil their COVID-19 relief plan Thursday after reaching agreement on key pieces late Wednesday. That package will no longer be one bill but a series of bills addressing the ongoing... Read More

Joe Biden proposed on Tuesday a $775 billion overhaul of the nation’s caregiving system, efforts that he argued will create 3 million jobs while freeing up millions of people — largely women and people of color — to enter the... Read More

WASHINGTON (AP) — President Donald Trump acknowledged a “big flareup” of COVID-19 cases, but divisions between the White House and Senate Republicans and differences with Democrats posed fresh challenges for a new federal aid package with the U.S. crisis worsening and emergency... Read More

BURTON, Mich. (AP) — Crystal and Chris Martin put off some payments on their home in this blue-collar town near Flint and are pinching pennies to make ends meet until they return to work. In Windsor, Connecticut, Anne Druce's family... Read More

WASHINGTON - A week before Congress turns its attention to the next coronavirus relief bill, advocates for the nation's restaurants are urging lawmakers to include a number of provisions to specifically bolster the struggling industry. “In just the past two... Read More