Economy

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.

U.S. unemployment claims rose last week for a second straight week to 351,000.

The House has approved legislation to fund the government, suspend its borrowing limit and provide federal disaster and refugee aid.

President Biden says America's economy is at an inflection point during a speech Thursday afternoon.

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.

It's estimated that roughly 8.9 million Americans will lose all or some of these benefits.

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 officials are outlining plans to build and restore more than 2 million homes.

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.

Should hiring continue to improve, Chair Jerome Powell said the Federal Reserve will dial back its ultra-low interest rates policies later this year.

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.

The latest data shows that the pace of distribution increased in July over June and that nearly a million households have been helped.

House Democratic leaders have compromised with moderates and muscled President Joe Biden’s multitrillion-dollar budget blueprint over a key hurdle.

Here's a breakdown of what is in the infrastructure bill the Senate passed on Wednesday.

Hiring surged in July as U.S. employers added 943,000 jobs. The unemployment rate dropped to 5.4% from 5.9% in June.

The number of Americans seeking unemployment benefits fell last week to 385,000. The applications have mostly fallen steadily since early January.

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.