WATCH: Biden reflects on mediocre April job gains
President Joe Biden's promised economic comeback hit a speed bump Friday with the April jobs report, which found modest job gains of 266,000 that complicated his $4 trillion push on infrastructure, education and children.
U.S. unemployment claims fall to a pandemic low of 498,000
The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market's growing strength as businesses reopen and consumers step up spending.
Small business COVID-19 relief program runs out of money
The government's key COVID-19 relief program for small businesses has run out of money.
WATCH: Biden gives remarks on implementing the American Rescue Plan
Under the Biden relief program, which started accepting applications on Monday, restaurants and bars can qualify for grants equal to their pandemic-related revenue losses, with a cap of $10 million per business and $5 million per location.
President Joe Biden's administration says it wants to ensure diversity among the communities that benefit from the transition and the people who are hired to do the work.
Hyundai is recalling more than 390,000 vehicles in the U.S. and Canada for two problems that can cause engine fires. In one recall, owners are being told to park their vehicles outdoors until repairs are made.
The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.
The big increase of $368 billion was attributed to passage of a $1.9 trillion support measure that President Joe Biden pushed through Congress in March which provided another round of relief payments totaling $1,400 per individual.
The Crimson Solar Project includes a 350-megawatt energy storage system and could supply enough power for 87,500 homes. The approval comes amid President Joe Biden's plans to fight climate change.
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