U.S. Economy

Around 900,000 workers filed for initial jobless claims last week, the U.S. Department of Labor said.

Shannon Harshbarger decided to give the money to the Facing Hunger Foodbank in Huntington, as experts warn of widespread hunger caused by the coronavirus pandemic.

It took Congress less than a month to pass legislation giving a $700 billion bailout to bank executives during the financial crisis. Lawmakers have spent eight months mulling the far less expensive stimulus bill.

Individuals with $87,000 in annual income and married couples making $174,000 are among those who will not be eligible.

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

Democrat and Republican negotiators are said to be closing in on a new package, but there remains some uncertainty over the eligibility for direct payments.

"The first wave was like a shotgun start and then a brick wall finish because the money ran out," O'Malley said of the first round of stimulus. "When a smaller amount gets made available this time, it's going to be another shotgun start."

The output gap is the difference between expected economic output under current law and possible economic output if the economy were operating at full potential.

Although there are certainly arguments to be made in favor of Biden's proposals, we've talked to hundreds of American manufacturers, and have learned that many of these campaign promises have raised skepticism.

Newsom called for a "focus on public health" when asked about the petition, which campaigners say has more than 800,000 signatures.

Will we wake up one day and find that China has been reading our mail? Losing our technological edge could have major security implications for the U.S.

Designers and health officials have developed ways to limit risk of infection from COVID-19 and other viruses. And even with the development of effective vaccines, the office as we have known is likely never to be the same again.

73 percent of Republicans now say they expect periods of widespread unemployment or depression to take place within the next five years, up from 28 percent last month.

"While the pandemic is still seriously affecting the economy we need to continue extraordinary fiscal support," said Janet Yellen, Biden's pick for Treasury Secretary.

The Dow Jones Industrial Average's close above 30,000 for the first time in history underscores the underlying strength of the U.S. economy and hopes for a complete recovery from the ravages of the COVID-19 pandemic.

Fiscal overreaction, untargeted aid and a raw deal for the young should not be repeated in any future fiscal responses given what we have learned from the CARES Act.

Retail sales increased less than expected in October and are set to slow further, held back by the second wave of the pandemic and the uncertainty over when the next round of government support will come.

Delivering for the Heartland can reduce our political polarization and help restore the national harmony we all crave.

The United States runs a trillion-dollar annual trade deficit because it has lost most of its manufacturing industries. Although we created all the industries of the digital age, they mostly have migrated overseas.

After months of campaigning, debating, and laying out their policies, Election Day has finally arrived. Here is where both candidates stand on key policy issues.

President Trump touts the pre-pandemic economy. But residents in 11 of the 16 counties on his final campaign tour have seen slower annual real-wage growth during his administration compared to the last three years of the Obama administration, on average.

Nancy Pelosi said Democrats won't accept a bill now that is smaller than their $2.2 trillion demand and then dole out more relief if Biden takes office in January.

What's the most critical move the next president should make to restore the country's economic health? Newsweek asked 12 top financial experts to offer the next occupant of the White House their best advice.

Annual wage statistics, released by the Social Security Administration, showed roughly 86 million U.S. workers earned $35,000 or less throughout last year.

The Senate majority leader's remarks only reaffirm the political reality of trying to forge a bipartisan agreement leading into a major election with a president who continues to offer about-face positions on whether he wants more economic relief before voters cast their ballots.

The only thing that has become increasingly clear is that no additional aid will be afforded to Americans before Election Day.

If four key racial gaps for African Americans had been closed 20 years ago, $16 trillion could have been added to the U.S. economy, the study by Citigroup says.

Campaign manager Bill Stepien is reassuring nervous Republican donors that despite being outspent so far, the president's campaign has big plans.

The roughly $500 billion bill is Republicans' slimmest relief proposal yet, a "targeted" measure that Senate Majority Leader Mitch McConnell will try to advance in the upper chamber later this week after trying to rally GOP colleagues.

Mike Pence praised President Donald Trump as the "best friend American workers have ever had."