How the Suez Canal cargo ship jam impacts billions in global trade
The cargo ship blocking the Suez Canal is holding up traffic that carries nearly $10 billion worth of goods every day, so a quick clearing of the logjam is key to limiting the economic fallout.
The cargo ship blocking the Suez Canal is holding up traffic that carries nearly $10 billion worth of goods every day, so a quick clearing of the logjam is key to limiting the economic fallout.
San Francisco to pay artists $1,000 per month in economic relief
San Francisco Mayor London Breed announced a new pilot program that will benefit the city's artists with monthly cash payments.
San Francisco Mayor London Breed announced a new pilot program that will benefit the city's artists with monthly cash payments.
White House officially withdraws Neera Tanden nomination for budget chief from Senate
The White House on Thursday officially withdrew the nomination of Neera Tanden to serve as director of the Office of Management and Budget from the U.S. Senate.
The White House on Thursday officially withdrew the nomination of Neera Tanden to serve as director of the Office of Management and Budget from the U.S. Senate.
Unemployment claims fall to 684,000, fewest since start of pandemic
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign the economy is improving.
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign the economy is improving.
Stores closed on Easter: Target, Costco among chains closed on Sunday holiday
Several major retail franchises, including Target and Costco, are planning to close their doors on Easter Sunday.
Several major retail franchises, including Target and Costco, are planning to close their doors on Easter Sunday.
Oakland launches one of nation's largest guaranteed income pilots; 600 families to get $500 a month
Calling it a historic moment, Oakland Mayor Libby Schaaf said that 600 families will receive $500 a month for 18 months with no strings attached. The families will be randomly selected and the money will come from private funds. She said she hoped the checks would be in the families' hands by spring and summer.
Calling it a historic moment, Oakland Mayor Libby Schaaf said that 600 families will receive $500 a month for 18 months with no strings attached. The families will be randomly selected and the money will come from private funds. She said she hoped the checks would be in the families' hands by spring and summer.
Higher prices, more deliveries: US Postal Service proposes major changes to avoid $160B projected shortfall
The U.S. Postal Service has released its 10-year plan that calls for major changes to avoid a projected $160 billion shortfall.
The U.S. Postal Service has released its 10-year plan that calls for major changes to avoid a projected $160 billion shortfall.
Biden administration awards ICE $86M contract to secure hotel rooms for undocumented families
Immigration and Customs Enforcement is securing hotel rooms to handle the growing influx of undocumented families crossing into the United States.
Immigration and Customs Enforcement is securing hotel rooms to handle the growing influx of undocumented families crossing into the United States.
Will there be a fourth stimulus check? What we found out
Back in January, Rep. Ilhan Omar pushed for recurring stimulus checks instead of one-time payments.
Back in January, Rep. Ilhan Omar pushed for recurring stimulus checks instead of one-time payments.
US unemployment claims rise to 770,000 with layoffs still high
The four-week average of claims, which smooths out weekly variations, dropped to 746,000, the lowest since late November.
The four-week average of claims, which smooths out weekly variations, dropped to 746,000, the lowest since late November.
Rich Americans shirk tax obligations as IRS collection efforts fall short, report finds
A group of wealthy taxpayers with an average AGI of more than $1.5 million owed more than $2.4 billion, a report showed.
A group of wealthy taxpayers with an average AGI of more than $1.5 million owed more than $2.4 billion, a report showed.
Lowe's set to fill more than 500 jobs in Central Texas area
Lowe’s says it is hiring seasonal and year-round retail associates, building on the more than 90,000 associates hired over the past year.
Lowe’s says it is hiring seasonal and year-round retail associates, building on the more than 90,000 associates hired over the past year.
IRS agrees to protect some stimulus checks from debt reductions
The IRS has agreed to not seize some Americans' stimulus check to offset outstanding federal tax debts, according to an agency watchdog.
The IRS has agreed to not seize some Americans' stimulus check to offset outstanding federal tax debts, according to an agency watchdog.
Biden reportedly planning first major tax hike since 1993 in next economic package
The next spending initiative — which is expected to be even bigger, costing as much as $4 trillion — won't rely on just government debt as a funding source.
The next spending initiative — which is expected to be even bigger, costing as much as $4 trillion — won't rely on just government debt as a funding source.
Parents could receive $3,600 child tax credit soon - here's what you need to know
Most American parents can expect to receive $3,000 a year for every child ages 6 to 17 and $3,600 a year for every child under age 6.
Most American parents can expect to receive $3,000 a year for every child ages 6 to 17 and $3,600 a year for every child under age 6.
$1,400 stimulus checks can be seized by private collectors for unpaid debts
Debt collectors will be able to garnish the third round of cash payments that are expected to be delivered to Americans by the end of the month as part of Democrats' $1.9 trillion American Rescue Plan.
Debt collectors will be able to garnish the third round of cash payments that are expected to be delivered to Americans by the end of the month as part of Democrats' $1.9 trillion American Rescue Plan.
American, United Airlines cancel 27,000 furloughs after COVID-19 relief bill passes
Two of the biggest U.S. airlines have canceled employee furloughs after the House passed COVID-19 relief that will provide much-needed payroll support.
Two of the biggest U.S. airlines have canceled employee furloughs after the House passed COVID-19 relief that will provide much-needed payroll support.
Layoffs ease as unemployment claims drop to 712,000
The number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November.
The number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November.
House passes $1.9 trillion COVID-19 relief bill, Biden expected to sign on Friday
The House passed the $1.9 trillion COVID-19 relief bill, which includes $1,400 stimulus checks for many Americans. The bill now goes to President Joe Biden’s desk to be signed into law in his first major legislative win.
The House passed the $1.9 trillion COVID-19 relief bill, which includes $1,400 stimulus checks for many Americans. The bill now goes to President Joe Biden’s desk to be signed into law in his first major legislative win.
‘This is not about him’: Biden’s name will not be on COVID-19 stimulus checks, White House says
President Joe Biden’s signature will not appear on the next round of stimulus checks, because — according to White House press secretary Jen Psaki — “This is not about him.”
President Joe Biden’s signature will not appear on the next round of stimulus checks, because — according to White House press secretary Jen Psaki — “This is not about him.”