Economy

Senate Majority Leader Mitch McConnell on Thursday rejected a coronavirus relief deal that costs more than $1.8 trillion, hours after President Trump indicated he was "absolutely" willing to raise his spending offer.

The government will issue its latest snapshot Thursday of the level of layoffs in the United States, which remain elevated seven months after the viral pandemic erupted and after the expiration of federal unemployment aid for millions of Americans.

Citing an increase in online shopping because of the coronavirus pandemic, H&M will close 250 stores in 2021.

Democratic presidential candidate Joe Biden is blistering President Donald Trump as only pretending to care about the working-class voters who helped flip the Rust Belt to the Republican column four years ago.

The government will provide its latest picture Thursday of the pace of layoffs in the United States, which have remained high since the viral pandemic erupted in March while federal aid for the jobless has lapsed.

President Trump on Tuesday said he would sign off on specific coronavirus relief measures aimed at helping the airlines and small businesses.

Federal Reserve Chair Jerome Powell warned that a recovery from the COVID-19 pandemic recession could falter unless the federal government supplies additional stimulus relief.

President Donald Trump says he has instructed aides to stop negotiating on another round of COVID-19 relief until after the election.

Geneva voted for the minimum wage to be increased to $25, making it the highest minimum wage in the world, according to the Geneva Trade Union Action Community.

America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened.

The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.

The moves by two of the nation's four biggest airlines represent the first -- and likely the largest part -- of involuntary job cuts across the industry in coming days.

The Texas Workforce Commission says it overpaid unemployment benefits to some people by more than $200 million.

The last-minute approval came just hours before funding expired at midnight on Wednesday.

Government officials say key details of Trump’s giveaway still have to be worked out, from the exact timing to who will get them and how Medicare would cover the cost — which could approach $7 billion.

The holidays can be a stressful time of year, thanks in part to all the hectic holiday shopping. After all, it’s not uncommon for people to dread dealing with the crowds at stores or malls, as everyone tries to find the perfect gift before it sells out.

The report, commissioned by President Donald Trump’s CFTC, found that climate change is already impacting or is anticipated to impact nearly every facet of the economy.