US Economy

House Democrats approved their $1.9 trillion coronavirus relief bill as the party tries to get the rescue package to President Joe Biden.

Democrats are trying to pass the $1.9 trillion relief bill, which includes direct payments and unemployment benefits, by March 14.

Personal income saw its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday.

A New York homebuilder has put a 3D-printed home on the market for the first time in the United States, and he is getting a lot of offers.

First-time claims for unemployment insurance fell to 730,000 last week, well below the expected 845,000.

The outage impacted multiple Fed services, including its pivotal automated clearinghouse system.

Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020.

Rising bond yields and accompanying inflation fears are adding a level of drama to Powell’s appearance.

Democrats are pushing to get a $15 federal minimum wage into President Joe Biden’s Covid relief package. For many, that pay still wouldn’t be enough.

“It would have been three miserable days without the truck,” Jerry Hall, 73, of Kerrville, Texas, said in a phone interview.

Major averages have managed to build on 2020’s gains despite some nerve-jangling volatility.

After a brief pullback in December, homebuyers returned to the market, although they are still being hampered by record low supply.

Treasury Secretary Janet Yellen said Thursday that any tax increases sought by the Biden administration would be introduced gradually.

First-time filings for jobless claims totaled 861,000 last week, above the Dow Jones estimate of 773,000.

Extreme winter weather in the South and resulting power outages increase demand for generators, Generac CEO Aaron Jagdfeld said.

The average contract interest rate for 30-year fixed-rate mortgages increased to 2.98% from 2.96% last week. Total mortgage application volume fell 5.1% last week from the previous week, according to the Mortgage Bankers Association. Applications to refinance a home loan fell 5% for the week. Mortgage applications to purchase a home fell 6% for the week. Another week of rising…

Local government leaders are trying again to secure billions of dollars in federal aid as they cobble together city budgets amid the economic uncertainty of the pandemic

Debt increased 1.4% for the final three months, representing another $206 billion as households took advantage of low interest rates.

Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021.