ECONOMY

Biden Nominates More Members Of His Economic Team

3:54pm November 30, 2020

by Scott Horsley

President-elect Joe Biden has named more members of his economic team. It's a diverse and experienced group that Biden is counting on to help revive an economy hit hard by the coronavirus pandemic.

President-elect Joe Biden has nominated labor economist Cecilia Rouse, seen here in 2016, to head his Council of Economic Advisers.

President-Elect Biden Names Core Members Of His Economic Team

12:47pm November 30, 2020

by Brakkton Booker

Among the names: Cecilia Rouse is nominated as chair of the Council of Economic Advisers. If confirmed, she'll be the first Black woman, and just the fourth woman overall, to lead the CEA.

An error at the IRS caused thousands of non-Americans living overseas to mistakenly receive $1,200 stimulus checks last spring.

IRS Says Its Own Error Sent $1,200 Stimulus Checks To Non-Americans Overseas

10:17am November 30, 2020

by Sacha Pfeiffer

The IRS now says its own error caused thousands of non-Americans living overseas to mistakenly receive $1,200 stimulus checks — and the mistake could happen again if more stimulus money goes out.

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How Much Are Americans Willing To Spend This Holiday Shopping Season?

3:48pm November 27, 2020

by Alina Selyukh

Black Friday traditionally marks one of the busiest shopping days of the year, and this year is no exception. The retailers are predicting a record-breaking holiday shopping season.

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President-elect Joe Biden delivers remarks about the economy on Nov. 16, as Vice President-elect Kamala Harris looks on.

Move Fast? Push For A Big Deal? Biden Faces Debate Over More COVID-19 Aid

2:45pm November 25, 2020

by Asma Khalid

A question for Joe Biden and his team is whether they should be encouraging Democrats to move quickly, to deliver aid faster, even if that means accepting a smaller deal.

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A protester holds a sign to protest measures in Miami to close indoor seating amid a rise in coronavirus cases. The number of unemployment claims rose for a second week, reinforcing concerns about the economy.

Unemployment Claims Jump For 2nd Week As Pandemic Rages

12:08pm November 25, 2020

by Scott Horsley

Claims for state unemployment benefits again rose last week, signaling ongoing weakness in the job market as coronavirus infections continue to soar.

Economy

Historic Milestone: Dow Surges Past 30,000 Points For 1st Time

6:19am November 25, 2020

by Scott Horsley

The Dow Jones Industrial Average and S&P 500 hit new highs Tuesday. But millions of Americans are out of work and COVID-19 cases are soaring, with no relief in sight. Why are investors optimistic?

The Dow Surpasses 30,000 For 1st Time Ever

4:25pm November 24, 2020

by Jim Zarroli

The Dow Jones Industrial Average has surpassed the 30,000 mark. This year, stocks plunged after pandemic lockdowns but came back after drugmakers reported success in developing coronavirus vaccines.

The Salvation Army's red-kettle campaign is expecting fewer donations and volunteers this year as a result of the coronavirus pandemic.

Economy

With Less Money In Its Red Kettles, The Salvation Army Rallies To Save The Holidays

2:17pm November 24, 2020

by Adedayo Akala

With traffic down at stores and malls across the nation during the pandemic, the charity's iconic red-kettle campaign might bring in half the donations compared with last year.

President-Elect Joe Biden Calls For Another Round Of Economic Stimulus

8:26am November 24, 2020

by Asma Khalid

As vice president, Joe Biden played a key role in overseeing a major stimulus package. How does he see stimulus now, as president-elect, facing a pandemic?

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