Economy - /contrib/economy

A Fed official warns that the U.S. could see unemployment rise to levels not seen since the Great Depression.

Tax experts are urging lawmakers to make changes to the coronavirus rebate checks being considered by Senate Republicans.

Congress is racing to contain the COVID-19 economic fallout, but if lawmakers don't get the diagnosis right, they'll never produce the right cure. The biggest danger: a full-tilt credit collapse. This week, the Senate and House has been hammering

During the financial crisis, the worst month was the 800,000 in March 2009. Many economists are expecting the total for April to be in the millions.

The rebate gradually decreases for higher incomes and people earning more than $99,000 would get nothing — a slightly higher cap than anticipated. Lower-income people would get less as well, with a minimum rebate of $600 if their income was at least $2,500. The 247-page bill also proposes a $500

Senate Republican negotiators on Thursday rolled out a massive business assistance package, seeking to stave off a recession and soaring unemployment because of the coronavirus crisis.

On Thursday's

The payments would be $1,000 per adult and $500 per child. Direct payments would go to U.S. citizens only, and would be “tiered based on income level and family size.” The two payments would be identical, with the second wave starting by May 18.

The Trump administration is pushing senators to support sending many Americans $2,000 each and backing $300 billion for small-business relief as multiple industries seek bailouts.

Americans would receive two checks from the federal government in the next couple of months, under the proposed coronavirus stimulus package that the Trump administration continued to push forward on Wednesday.

About 67 million Americans believe they will have trouble paying their credit-card bills due to the coronavirus, according to a new survey. WalletHub's Coronavirus Money Survey also found that the virus is now the top stressor in America, above money

In a memorandum, the Treasury Department proposed two $250 billion cash infusions to individuals.

Lawmakers on both sides of the aisle have supported relief to certain industries. But there may be a dispute over paid time off for employees.

Treasury Secretary Steven Mnuchin said the US unemployment rate could soar to a staggering 20 percent if Congress fails to pass a $1 trillion coronavirus stimulus package. Mnuchin shared the potentially disastrous outlook in a closed-door Tuesday night me

Plan For Cash Handouts Gains Steam In Congress As Consumption Collapses A plan to give each adult American $1,000 is picking up steam in Congress after Sen. Mitt Romney (R-UT) supported the idea on Monday, along with Sen. Tom Cotton who says he's work

On Monday, Sen. Mitt Romney (R-Utah) joined a growing chorus of liberal and conservative economists are lining up behind a proposal published in the Wall Street Journal by Harvard professor Jason Furman, who chaired the Council of Economic Advisers (CEA) under President Obama, that calls for direct

The New York Federal Reserve is taking out the big guns to calm panicky financial markets.

Job growth has been a key driver of U.S. economic growth — now experts fear the coronavirus will dampen hiring.

The first coronavirus-related job losses have arrived in the United States, hitting ports, bakeries and travel agencies. The virus, first reported in China, has swept across Asia and now has ... Click to Continue

U.S. President Donald Trump said he would address travel restrictions to Europe in a statement later on Wednesday, amid a fast-moving coronavirus outbreak.