U.S. Economy

Growth matters. The Republicans who followed Reagan into the White House either didn't get it or couldn't explain it.

A year after COVID-19 forced the companies to shift to remote operations, a survey shows the majority of New York City's 1.6 million commuters is still homebound.

In internal company documents, a private-equity owned conglomerate claimed credit to its employees about successfully blocking a boost in pay for low-wage workers.

President Joe Biden met with union bosses in the Oval Office on Wednesday where he discussed details of both the COVID-relief bill and a second possible spending package.

Some fear stimulus spending to offset the worst of the economic shutdown during the COVID-19 pandemic and the Federal Reserve's injection of billions into the economy threaten the U.S. dollar's standing as the world's reserve currency.

"This support from the federal government must be large and sustained until the pandemic is under control and Americans can resume normal work," a former chairman of the Council of Economic Advisers said.

Some using the #BidenLied hashtag insisted Biden had promised $2,000 payments, not $1,400 plus $600.

"I don't necessarily know that providing $2,000 on a monthly basis would necessarily be the right approach at this stage," the chief U.S. economist at Oxford Economics told Newsweek.

President Joe Biden has upped his goal for COVID-19 vaccinations in the United States—from 100 million in his first 100 days in office to about 150 million. This comes after some argued that his 100 million-doses goal was already on track to be met by the Trump administration.

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.