The state is poised to embark on an ambitious, complex effort to cover the unpaid rent of low-income renters who struggled during the pandemic.
Costs soared partly because of do-it-yourselfers’ spending stimulus checks, but a month of declines show that consumers aren’t about to trigger runaway increases.
Natasha Sarin, a protégé of Larry Summers, is taking a leading role developing tax policy at the Treasury Department — to some progressive Democrats’ chagrin.
Despite the current confusion, his outlook, based on hard lessons from the 2010s, is essentially optimistic.
As more of the country is vaccinated, Americans are venturing out and spending more on lodging and entertainment, but less on goods.
Approvals for thousands of Restaurant Revitalization Fund applicants were rescinded after court orders struck down a policy that favored historically underserved groups.
Why do we leave millions of people in poverty? The answer should make us uncomfortable.
The Consumer Price Index showed the strongest year-over-year reading since 2008, and a core index popped the most since 1992.
President Biden announced a get-out-the-vote-style plan to meet his goal of partly vaccinating at least 70 percent of Americans by July 4, including offers of free child care, free sports tickets and free beer.
The first applications for the Shuttered Venue Operators Grant program, offering $16 billion in federal aid, were approved.
Researchers found that sharp declines in food shortages, financial instability and anxiety coincided with the two most recent rounds of payments.
The plan’s total price tag came close to what the president has said he would consider, but it included only a fraction of the new spending he has requested. A compromise faces long odds.
President Biden and Democrats are facing difficult decisions about how to move their infrastructure plan through Congress as bipartisan momentum flags.
Traditionally a federal backwater, the agency has stumbled while shepherding $1 trillion in emergency aid. Its leader vows “a more customer-first approach.”
New research finds a big rise in new businesses despite the pandemic, particularly in predominantly Black neighborhoods.
Overwhelmed lenders and panicking borrowers are in a frenzy to grab the remaining money in the small business relief program.
Minutes from the Federal Reserve’s April meeting showed some officials wanted to soon talk about a plan to pull back some central bank support for the economy if “rapid progress” persisted.
The federal government is undertaking the largest stimulus program in American history. The payoff could be more widely shared than usual.
Federal Reserve officials believe low and stable price expectations give them room to heal the job market. But what if outlooks change?
The president’s advisers are pushing their most detailed argument yet for the long-term benefits of a $4 trillion agenda to remake the American economy.
The president’s advisers are pushing their most detailed argument yet for the long-term benefits of a $4 trillion agenda to remake the American economy and improve lives.
If you don’t think Janet Yellen was right, ask yourself why.
Acting as if it mattered is actually a problem.
The industry’s return will serve as a major test of President Biden’s goal of bringing the country back to some version of normal by this summer.
The fight over SALT is a case study in the age-old conflict between constituent politics and national policy.
An internal dispute at the Treasury Department shows the challenge of tracking trillions of dollars of economic relief money.
The diverging recoveries underway in the United States and Europe underscore the value of effective vaccination and public spending in the pandemic.
A day after his first address to Congress, President Biden met with former President Jimmy Carter and held a drive-in rally for his 100th day in office.
The U.S. economy expanded as the pandemic’s effects eased.
The Senate majority leader, observing his own 100 days in charge, is responsible for turning sweeping Democratic plans into law.
Thursday: In addition to three federal stimulus payments, some Californians also qualify for the Golden State Stimulus.
The president’s speech laying out trillions of dollars in new economic proposals plays to voters’ warm feelings toward federal aid in the coronavirus pandemic.
The Federal Reserve said the economy had “strengthened” but opted to continue providing support while playing down a rise in inflation.
In a single year, the state’s financial outlook has gone from surplus to deficit to surplus as capital gains tax collections have risen amid a soaring stock market and I.P.O. boom.
A collection of our reporting on the early days of Joe Biden’s administration.
The Biden administration is relying on Congress instead of just the Fed to fix the economy. That mix could lead to a less wealth-unequal future.
A monthslong effort to monitor and model economic trends inside the White House and the Treasury Department found little risk of prices spiraling upward faster than the Fed can manage.
“It’s going to be smart if people can continue to socially distance and wear masks,” Jerome Powell said on “60 Minutes.”
The West Virginia Democrat’s latest plea for bipartisanship suggested that, to win over a critical swing vote in his own party, President Biden will first have to reach out to Republicans.
On the first day nightclubs, movie theaters and other arts organizations hurt by the pandemic could apply for $16 billion in federal aid, the system malfunctioned. No applications got through.
Some countries are lagging behind in vaccinations, and policymakers warned that no economy is secure until the world is safe from coronavirus variants.
The increasing pace of vaccinations — combined with the easing of restrictions on business and consumer activity in many states, and the arrival of stimulus funds — has helped lift hiring in recent weeks.
We hear about trillions all the time now, but the number is beyond human comprehension.
As millions of Americans lack enough to eat, the administration is rapidly increasing aid — with an eye toward a permanent safety net expansion.
A year after the Paycheck Protection Program started, studies show how its design hurt Black- and other minority-owned businesses.
The European Union’s failure to secure adequate vaccine supplies, followed by an export ban, has dented the reputation of the bloc’s leaders. It may also hurt their ability to act in other areas.
As Americans buy more, they are expected to spur trade and investment and invigorate demand for German cars, Australian wine, Mexican auto parts and French fashions.
His plan is too big to pass, and too small to work.
The president sees public spending, rather than relying on businesses to turn tax cuts into investment, as the key to competitiveness.
As vice president, Joe Biden oversaw a “green jobs” stimulus package that produced notable failures. This time, with more money and more demand for clean technology, will be different, Democrats say.