economic news

WASHINGTON — Momentum toward passing a $1.7 trillion government funding bill with more aid for Ukraine slowed considerably Wednesday as lawmakers struggled to reach an agreement on amendments needed to get to a final vote and avoid a…

WASHINGTON — The Senate Banking Committee approved Jerome Powell’s nomination to a second four-year term as chair of the Federal Reserve Wednesday, just hours after the central bank began what will be a difficult…

President Joe Biden needs a course correction, or the Democrats face disaster in the midterm elections. That’s tough with a cabinet and White House staff formed to appease woke progressives. America’s hard…

Jerome H. Powell was nominated to serve a second term as Federal Reserve Chair. Graeme…

The number of workers taking time off because they were sick with Covid-19—or caring for someone else who was—surged at the beginning of the year, topping another leading cause for missing work: caring for…

WASHINGTON—The Senate returns for a new session on Monday with Democrats focused on trying to change the chamber’s rules to muscle through elections legislation over Republican opposition, as lawmakers also hope to revive President…

Home prices are rising across the country as Americans rush to purchase houses, driven in part by a newfound ability to work remotely as a result of the COVID-19 pandemic.But where are they set to rise the most? Not in the Sun Belt, by…

Jobless claims reached their lowest level of the pandemic last week as stronger hiring and consumer spending drive a U.S. economic revival. Worker filings for unemployment benefits, a proxy for layoffs, fell to…

WASHINGTON—Democrats are weighing a variety of possible tax increases, including boosting the corporate tax rate and the top marginal income-tax rate on individuals, to raise revenue as President Biden finalizes his…

The Dow Jones Industrial Average rose Wednesday as investors piled back into economically sensitive sectors on bets that the U.S. economy will continue to recover. The index of blue-chip stocks added 290 points, or…