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.
IRS says another 1.5M will receive unemployment compensation refunds
Refunds by direct deposit will begin July 28 and refunds by paper check will begin July 30.
Stocks plunge over delta variant fears; Biden seeks to reassure over economy
Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.
COVID-19 pandemic recession ended in April 2020, shortest on record
The recession that broke out with the onset of the coronavirus pandemic lasted just two months, officially ended in April 2020. That makes it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.
1st child tax credits start arriving - why some parents should opt out of the payments
Tens of millions of families received some extra money on Thursday when the IRS distributed the first of six monthly payments from the newly expanded child tax credit.
Report: Full-time minimum wage workers can only afford rent in 7% of US counties
A recent report from the National Low Income Housing Coalition found that full-time minimum-wage workers can’t afford rent in most areas of the U.S.
American unemployment claims fall to 360,000, another pandemic low
The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.
California to pay back 100% of rent for low income renters impacted by the pandemic
It’s the largest renter assistance program in the nation, $5.2 billion will go towards helping California renters who were affected by the pandemic.
Consumer prices saw largest inflation spike in June since 2008
Consumer prices in June rose 0.9% from May and 5.4% over the past year — the sharpest 12-month inflation spike since June 2008.