Biden's $1.9 Trillion Rescue Plan Set To Turbocharge U.S. Economy
Economists expect the additional federal spending, coupled with an improving public health picture, will jumpstart economic growth this year.
U.S. economy
A Sign Of Hope After 'Winter Hibernation': Employers Add 379,000 Jobs
Meanwhile, the unemployment rate dipped to 6.2% last month as the winter wave of coronavirus infections eased.
Biden's $1.9 Trillion Rescue Plan: Vital Medicine Or Costly Overkill?
Backers of the president's ambitious stimulus plan say it will help struggling families and businesses, but critics say it goes too far.
Fed Chair Jerome Powell Warns Of Long Road Ahead To Recover Millions Of Lost Jobs
Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats.
Shoppers Splurged In January As New Stimulus Checks Arrived
Retail sales soared 5.3% last month compared to December, much more than anticipated, as U.S. families began receiving new federal coronavirus relief checks.
U.S. Adds Just 49,000 Jobs In January, 'Not Anywhere Close' To Recovering Those Lost
U.S. employers added 49,000 jobs last month, after a pandemic-driven slump in December. Unemployment fell to 6.3%.
U.S. Economy Slows Sharply As Pandemic Resurges
The Commerce Department says the U.S. economy grew just 1% in the last three months of the year, as a rise in coronavirus infections weighed on in-person businesses like restaurants.
Janet Yellen Confirmed By Senate, Making History As First Female Treasury Secretary
Janet Yellen was confirmed by the Senate to serve as Treasury secretary. She'll be the first woman to hold that post and will lead the Biden administration's efforts to address the pandemic recession.
Unemployment Claims Stay Stubbornly High As Biden Takes Office
New claims for state unemployment benefits dipped last week but remained high, showcasing the economic challenges facing President Biden.
Paycheck-To-Paycheck Nation: Why Even Americans With Higher Income Struggle With Bills
In the pandemic, a third of Americans struggle to pay usual costs, even some earning over $100,000. But living on the edge financially is nothing new in the U.S. Three households share their budgets.