Economy

Follow PBS NewsHour’s complete coverage of the Economy, Wall Street and other financial stories.

The Labor Department is proposing the most dramatic changes to the Fair Labor Standards Act in 65 years. The changes would raise the minimum amount people can earn and still be paid overtime but would also allow companies to stop…

The U.S. unemployment rate declined from 6.4 percent to 6.2 percent in July, but the economy lost 44,000 jobs and nearly half a million discouraged Americans stopped looking for work. In a report broadcast before the new numbers were released,…

The Bush administration announced the 2003 federal budget deficit would be the highest in U.S. history: $450 billion. Experts discuss the causes of the growing deficit, including the war in Iraq, the tax cut and the weak economy.