Economy

President Joe Biden will sign two more executive orders on Friday—the latest in a raft of actions he's taken with just the stroke of his pen since taking office on Wednesday.

The president's decision to revoke the Keystone XL pipeline permit could cost America thousands of jobs.

A poll released Tuesday finds that 79 percent of Americans believe that the "top" or "important, but lower" economic priority of the Biden administration should be to "provide new stimulus checks."

Trump has the worst jobs record of any president since Herbert Hoover in 1933.

Community-led infrastructure job creation is critical to address the massive job losses that marginalized populations have endured.

Biden will take "decisive" action to address four crises—COVID-19, the economy, climate change and racial inequity—in his first 10 days in office, incoming chief of staff Ron Klain said.

The U.K. economy shrank by 2.6 percent in November as England was placed in lockdown for a second time, official figures show.

One Republican lawmaker complained that an increase to the minimum wage would hurt small businesses.

The New York representative poured cold water on Biden's proposed $1,400 boost to current checks.

Trump promised to "get rid" of the national debt during his 2016 presidential campaign.

The president-elect is expected to offer $2,000 direct stimulus payments in his relief proposals.

The bottom 60 percent of U.S. earners would see an average 11 percent income boost if given a $2,000 stimulus check, according to a new report.

President-elect Joe Biden considered his one-time foe for the Democratic presidential nomination, Senator Bernie Sanders, to lead the U.S. Department of Labor in his administration but the razor-thin Democratic control of the U.S. Senate ultimately forced him to choose someone else.

The payments started being issued last week, with recipients now able to receive updates on their status.

Berkley economics professor Christina Romer said direct payments were poorly targeted.

The president has advocated for the $2,000 boost, but this has been tied to his other demands. Democrats have called for a vote solely on the checks.

The Senate majority leader has dashed hopes of the boost to stimulus payments being signed off swiftly, with Democrat lawmakers continuing to push for a vote on the matter.

The Internal Revenue Service and Treasury Department have started to send the money approved by Congress and signed off by the president, as lawmakers continue to wrangle over whether payments should be boosted.

The maximum amount, which could go up if the Senate votes to pass higher payments, declines incrementally compared to how much people earn over certain thresholds.

The House voted to approve the proposal last night, but the Senate could still block the measure.

The Senate majority leader is facing a push to facilitate direct payments being boosted from $600 to $2,000, with the House having passed a measure backing such a move.

The president signed a bill authorizing up to $600 payments on Sunday, to aid those suffering financial difficulties amid the pandemic.

The coronavirus pandemic has roiled the markets, tossed most fiscal assumptions to the wind and driven the national debt to the highest level since World War II, as the government spent heavily to support the economy.

Treasury Secretary Steven Mnuchin said checks could arrive as early as next week.

The president-elect said he would push for a third stimulus package next year.

Mitch McConnell said the Senate could return after Christmas to block any veto attempt by the president.

The robust housing market underscores the growing split between those who could work from home during the pandemic and remained employed, and those who couldn't, and didn't. Lean housing inventories have led to bidding wars in many markets, pricing many first-time buyers out of the market.

Polling has shown there was support for payments to be higher than the amount agreed, with public opinion suggesting the $600 figure is too little.

Republicans and Democrats both complained that they didn't have time to scrutinize the $900 billion package.

Lawmakers on both sides of the aisle took issue with the time they had to read the 5,593-page relief package.