Economy

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Biden's economic point man draws praise — and pushback

Biden's economic point man draws praise — and pushback

Allies laud Brian Deese's leadership on the stimulus negotiations, but he's rubbed...

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Biden aims to isolate China on coal — but it could blow back on the U.S.

Biden aims to isolate China on coal — but it could blow...

The U.S. wants to stop new coal projects, but risks losing poor countries to Beijing’s...

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‘Clearly not healthy’: Markets are giddy about reopening — and that’s the problem

‘Clearly not healthy’: Markets are giddy about reopening...

Investors are pumping up bubbles across markets, with excitement growing about more...

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‘The Democratic version of John McCain’

‘The Democratic version of John McCain’

As the critical swing vote in a 50-50 Senate, Joe Manchin has emerged as the most...

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U.S. backs Okonjo-Iweala, first woman and African, to head WTO

U.S. backs Okonjo-Iweala, first woman and African, to head...

The decision breaks with the Trump administration's opposition to Okonjo-Iweala...

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Economy will return to pre-pandemic level this year, CBO predicts

Economy will return to pre-pandemic level this year, CBO...

Employment levels, however, will not fully recover until 2024.

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Biden confronts the limits of his executive power

Biden confronts the limits of his executive power

Without help from Congress, he has few options to turn the U.S. economy around.

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Fed’s Powell warns U.S. economy ‘long way from a full recovery’

Fed’s Powell warns U.S. economy ‘long way from a full recovery’

“There’s nothing more important to the economy now than people getting vaccinated,”...

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Wall Street shrugs at Washington’s debt pileup

Wall Street shrugs at Washington’s debt pileup

The debt poses no imminent danger to U.S. finances, economists say, so the more...

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U.S. loses 140,000 jobs in first monthly loss since spring

U.S. loses 140,000 jobs in first monthly loss since spring

At the same time, the unemployment rate stayed at 6.7%, the first time it hasn't...

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How Biden’s dream of fighting income inequality runs through Georgia

How Biden’s dream of fighting income inequality runs through...

The share of wealth controlled by the top 1 percent sits at levels not seen since...

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Trump backs down, signs stimulus package

Trump backs down, signs stimulus package

A government shutdown was averted after the president approved the Covid relief...

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Congress sends Covid package and spending measure to Trump

Congress sends Covid package and spending measure to Trump

The president has thrown the fate of the bill into jeopardy.

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Fed enters Biden era with clipped wings and a warning from Republicans

Fed enters Biden era with clipped wings and a warning from...

Congress curbed the central bank's emergency lending despite the economy's continuing...

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Biden adds former Obama budget official, onetime Warren aide to economic team

Biden adds former Obama budget official, onetime Warren...

Biden added that the appointees have “broad viewpoints on how to build a stronger...

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Fed sees less severe recession this year but warns of tough winter

Fed sees less severe recession this year but warns of tough...

Officials said they expect the U.S. economy to shrink by 2.4 percent this year,...

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