Pelosi 'remains optimistic' about COVID-19 relief package before Election Day

Despite failing on Monday to come to an agreement on a coronavirus stimulus package, House Speaker Nancy Pelosi "remains optimistic" that a deal with the White House can be reached before Election Day.

Stocks plunge as COVID-19 cases surge in US

The stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight.

Biden's fossil fuel shutdown brings Texas-sized response

An exchange between President Trump and Joe Biden during Thursday night's debate raised eyebrows as Biden said he would transition from fossil fuels.

Unemployment claims fall to 787,000; layoffs still high

The number of Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels.

Coronavirus relief talks crawl ahead; McConnell is resistant

President Donald Trump’s most powerful Senate ally is pressing the White House not to move ahead on a coronavirus pandemic relief package.

McConnell says any Pelosi-Mnuchin COVID-19 stimulus deal would get Senate vote

Senate Majority Leader Mitch McConnell said he'll schedule a vote if House Speaker Nancy Pelosi and the Trump administration are able to seal an agreement on a huge COVID-19 relief bill.

China's economy accelerates as coronavirus recovery gains strength

China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.

Trump teases stepping in if Republicans oppose multi-trillion dollar stimulus package

President Trump hinted he might intervene if Republican senators don't support a second coronavirus stimulus package worth trillions of dollars, during an interview with Charles Benson of WTMJ4 Milwaukee on Saturday.

FOX 7 Discussion: Unemployment continues to rise in Austin

Leah Meunier with Workforce Solutions of Central Texas joins Mike Warren on FOX 7 Austin to talk about the rising unemployment rate in the Austin metro area.

McConnell rejects Trump's push for 'higher' coronavirus stimulus deal

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.

Layoffs remain elevated as 898,000 seek unemployment aid

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.

Biden hits Trump on economic fallout amid COVID-19 pandemic in critical Pennsylvania county

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.

Layoffs continue as 840,000 seek unemployment aid

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.

FOX 7 Discussion: Coronavirus relief negotiations

Michael Sury, senior lecturer and economist at UT Austin, joins Rebecca Thomas on FOX 7 Austin to talk about the possibility and impact of a new federal coronavirus stimulus deal.

Fed chair warns lack of further COVID-19 stimulus imperils economic recovery

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.

Trump halts COVID-19 stimulus talks until after election

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

Geneva votes to increase minimum wage to $25, believed to be highest in the world

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.