Economy Apr 08 IMF policy panel endorses $650 billion increase in resources The International Monetary Fund on Thursday authorized a $650 billion expansion of the 190-nation lending institution's resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic.
Education Mar 26 WATCH: Harris discusses child poverty and education with Secretary Miguel Cardona The expansion of the child tax credit, along with other measures, will cut childhood poverty in half this year, according to an analysis done by the Center on Poverty and Social Policy at Columbia University.
Politics Mar 23 WATCH: Yellen, Powell say more needed to promote pandemic recovery The two officials struck upbeat notes on the future of the economy in their prepared testimony Tuesday before the House Financial Services Committee while cautioning that the economy still needs help.
Economy Mar 18 Treasury to launch education effort for relief package Officials at the Treasury Department briefed reporters Thursday on the efforts they are planning, including highlighting a provision in the measure that expands the child tax credit.
Economy Mar 08 Yellen says women face many obstacles in economics careers Janet Yellen, the first woman to head the U.S. Treasury Department, says women seeking to pursue careers in economics face a number of obstacles.
Economy Mar 01 U.S. manufacturing activity jumps to 3-year high Manufacturers are reportedly benefiting from a shift in spending, with Americans spending money on homes and other projects rather than going out to restaurants or risking shopping indoors.
Economy Feb 24 Chairman Powell says Federal Reserve is in no hurry to raise interest rates Powell also warned Wednesday that many who had worked in industries hardest hit by the pandemic and ensuing recession will likely need to find different jobs.
Politics Feb 05 WATCH: Harris, Yellen meet with Black Chambers of Commerce members in virtual roundtable Treasury Secretary Janet Yellen says America has some "tough months ahead" in dealing with the coronavirus pandemic and for that reason it is critical that Congress pass President Joe Biden's $1.9 trillion relief package.
Economy Jan 29 WATCH: Biden introduces $1.9 trillion COVID-19 rescue plan to help economy U.S. consumers slowed their spending by 0.2% in December, cutting back for a second straight month in a worrisome sign for an economy struggling under the weight of a still out-of-control pandemic.
Economy Jan 28 U.S. economy shrank 3.5 percent in 2020 after growing 4 percent last quarter Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4 percent annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.