Biden eyes child tax credit expansion among stimulus measures: Report

President-elect Joe Biden is imminently expected to outline his plans for additional stimulus measures as the U.S. battles surging COVID-19 cases.

IRS and Treasury to stop sending stimulus checks this week

Legislation providing for the $600 payments, which was approved by lawmakers at the end of last month, stipulated that the departments needed to issue all payments by Friday.

Taxes on unemployment money coming due soon, surprising many

Many California jobseekers are confused about withholding taxes on their unemployment checks, and many more report that they simply can’t afford to put aside any money when they don’t have enough to begin with.

Schumer pledges quick delivery of $2,000 stimulus checks: 'We will get that done'

Senate Democrats plan to make another coronavirus relief package — including sending an additional stimulus payment to many Americans — one of their top priorities for the year once they assume control of the chamber.

Unemployment continues to hurt low-income workers amid pandemic

Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring.

US lost 140,000 jobs in December; first monthly loss since spring

U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses.

US trade deficit widens to $68.1 billion in November

The November gap between what America buys from abroad compared to what it sells abroad rose by 8% from the October deficit of $63.1 billion.

Jobless claims slip to still-high 787,000 in the US

The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic and the damage it has inflicted on the economy for nearly 10 months.

Some stimulus payments delayed for H&R Block customers

If you went to the IRS stimulus tracking website and saw a bank account number that wasn't yours, H&R Block says don't worry. You're not alone. 

Biden's pick to lead Treasury made $7M+ in speaking fees

Janet Yellen collected millions in speaking fees over the past two years from major financial firms and tech giants, according to disclosure forms filed as part of her nomination.

Unemployment benefit claims unexpectedly fall as coronavirus lockdowns widen

The number of Americans filing for first-time unemployment benefits fell last week amid a rise in COVID-19 infections and new restrictions aimed at slowing the spread of the disease.

Student loan forgiveness: How it might unfold and who might benefit

Federal lawmakers have a plan to cancel student loan debt. And if they can’t get it passed in Congress, they say President-elect Biden could do it on his own through executive order.

McConnell blocks immediate Democratic push for $2,000 stimulus checks

Senate Majority Leader Mitch McConnell on Tuesday blocked Democrats' push to immediately bring President Donald Trump's demand for bigger $2,000 COVID-19 relief checks up for a vote.

Austin program gives people impacted by COVID-19 temporary work

The Austin Civilian Conservation Corps was formed this year by the city in an effort to help people get back to work and back on their feet.

Unemployment benefits to be delayed by Trump's late signing of COVID-19 relief bill

The $900 billion economic relief package that President Donald Trump signed over the weekend will deliver vital aid to millions of struggling households and businesses.

McConnell praises Trump for signing COVID-19, government funding bills

Senate Majority Leader Mitch McConnell praised President Trump late Sunday for signing a $900 billion pandemic package and a $1.4 trillion government funding bill to avert a government shutdown.

'It does break my heart a little bit': A bleak Christmas for America's unemployed

Millions of Americans have been jobless since the viral pandemic ripped through the U.S. economy in March, triggering a deep recession and causing widespread unemployment.