Senate GOP blocks borrowing bill aimed at averting government shutdown
It’s all making for a tumultuous moment for Biden and his party, with consequences certain to shape his presidency and the lawmakers' own political futures.
US unemployment claims tick up from near a pandemic low
U.S. unemployment claims rose last week for a second straight week to 351,000.
Government spending bill passed by House faces GOP opposition
The House has approved legislation to fund the government, suspend its borrowing limit and provide federal disaster and refugee aid.
Biden calls on wealthy to ‘pay their fair share’ in speech on economy
President Biden says America's economy is at an inflection point during a speech Thursday afternoon.
US consumer prices rise 0.3% in August 2021, lowest in 7 months
U.S. consumer prices rose a lower-than-expected 0.3% last month, a hopeful sign that a recent jump in inflation may be cooling.
Push to let teens drive trucks interstate divides the industry
Proposed legislation to test letting people as young as 18 years old drive big rigs interstate is exposing a divide in the trucking sector, where companies are having trouble finding workers for the grueling job of hauling goods over long distances.
Few options for jobless Americans after pandemic unemployment benefits expire
It's estimated that roughly 8.9 million Americans will lose all or some of these benefits.
Millions of jobless face losing benefits as federal aid set to expire
Millions of jobless Americans who have depended on federal unemployment aid as a financial lifeline are about to lose those benefits just as the delta variant of the coronavirus poses a renewed threat to the economy and the job market.
White House outlines plan to build, restore more than 2M affordable homes
White House officials are outlining plans to build and restore more than 2 million homes.
Social Security will be insolvent by 2034 due to COVID-19 pandemic
The new projections in the annual Social Security and Medicare trustees reports indicate that Social Security's massive trust fund will be unable to pay full benefits in 2034 instead of last year's estimated exhaustion date of 2035.
Fed to end ultra-low interest rates if hiring keeps improving, Powell says
Should hiring continue to improve, Chair Jerome Powell said the Federal Reserve will dial back its ultra-low interest rates policies later this year.
US unemployment claims rise by 4,000 to 353,000
U.S. unemployment claims rose for the first time in five weeks even though the economy and job market have been recovering from the pandemic.
Most rental assistance has still not gone out, feds report
The latest data shows that the pace of distribution increased in July over June and that nearly a million households have been helped.
Biden infrastructure agenda advances as House passes $3.5 trillion budget
House Democratic leaders have compromised with moderates and muscled President Joe Biden’s multitrillion-dollar budget blueprint over a key hurdle.
Infrastructure bill 2021: What's in the $1 trillion bipartisan plan
Here's a breakdown of what is in the infrastructure bill the Senate passed on Wednesday.
July jobs report: US adds 943K jobs, unemployment rate drops to 5.4%
Hiring surged in July as U.S. employers added 943,000 jobs. The unemployment rate dropped to 5.4% from 5.9% in June.
US unemployment claims drop by 14,000 to 385,000
The number of Americans seeking unemployment benefits fell last week to 385,000. The applications have mostly fallen steadily since early January.
Senate convenes in rare weekend session to debate infrastructure bill
The Senate convened for a rare weekend session to continue debate on the bill that will greatly expand spending on roads, bridges and mass transit if passed.
Bucks' playoff run generated millions for Milwaukee
Tourism experts say the 2021 NBA Championship team is proving to be the best commercial Milwaukee could have right now.
Infrastructure bill: Biden, senators reach $1T deal
President Joe Biden and a bipartisan group of senators reached agreement Wednesday on a $1 trillion national infrastructure package, and the Senate appeared ready to begin consideration of the key part of the administration's agenda.