Exuberant buying — with multiple offers and bidding wars  — reminiscent of the time before the 2008 housing crash have become a common occurrence.      
Filings for unemployment benefits likely resumed a summer decline last week, as demand for workers keeps a lid on layoffs and the economic recovery seems to be holding up despite the Delta variant.
The Organization for Economic Cooperation and Development cut its growth forecast for this year but raised its projections for 2022, indicating that some output has been delayed rather than lost.
Product shortages also appear to have damped sales on items such as autos, restraining the economic recovery. Economists think sales could recover quickly once the Covid-19 surge eases.
"Mitch McConnell is as serious as four heart attacks and a stroke" in his opposition, said one Republican senator. "And I don't think he's going to budge."
A new White House council on U.S. economic conditions plans to hold its first meeting Friday, with participants to highlight at least 18 actions taken to help consumers and potentially lower prices. The council, an outgrowth of a July executive order by President Joe Biden, is aimed at refocusing the ...
A rift is starting to emerge between the chairmen of the two tax-writing committees on Capitol Hill over the size and details of Democratic plans to pay for President Biden’s broad economic agenda. Senate Finance Committee Chairman Ron Wyden (D...
Senate Democrats say a 2 percent tax on the money companies use to buy back stocks and tightened rules around taxing partnerships would raise $270 billion for their $3.5 trillion social policy bill.
The path of the U.S. economic recovery is looking increasingly tenuous — and that could further complicate life for President Biden, whose approval ratings have sagged in recent weeks.The August jobs report came in far below expectations heading...
Nonfarm payrolls likely increased at a solid pace in August, though the Delta variant could have caused the rate of hiring to slow from earlier in the summer.
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