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CBO projects federal deficit will hit $3 trillion this year

By Martin Crutsinger, Associated Press

In an updated forecast Thursday, the CBO said the deficit for the current 2021 budget year, which ends Sept. 30, will be the second-largest in history, coming in shy of last year's record shortfall of $3.13 trillion.

House approves $715 billion transportation and water bill

By Kevin Freking, Associated Press

The Democratic-led House has approved a sizable $715 billion transportation bill. The bill passed Thursday includes spending for roads, rail, public transit and water.

U.S. jobless claims fall to 364,000, a new pandemic low

By Paul Wiseman, Associated Press

The number of Americans applying for unemployment aid fell again last week to the lowest level since the pandemic struck last year, further evidence that the job market and the broader economy are rebounding rapidly from the coronavirus recession.

Half of U.S. fears another COVID wave even as optimism grows

By Laura Santhanam

About one in four predict that it will take another year or more -- if ever -- before life can return to what it was, while 12 percent of Americans say they have already regained a sense of normality, according…

Amazon asks for FTC head to step aside from antitrust investigations

By Marcy Gordon, Associated Press

Amazon contends that FTC Chair Lina Khan's past public criticism of Amazon's market power makes it impossible for her to be impartial in FTC antitrust investigations.

Robinhood pays $70 million to settle range of allegations

By Stan Choe, Associated Press

Robinhood Financial will pay a $57 million fine and return another $12.6 million to thousands of its customers to settle accusations of a wide range of supervisory failures.

Iran oil workers strike for better wages as economy strains under sanctions

By Isabel Debre, Associated Press

Thousands of workers in Iran's vast oil industry have gone on strike over the past week to press demands for better wages and conditions at oil facilities.

WATCH: House Democrats hold briefing on INVEST in America Act

By Associated Press

The bill would authorize nearly $550 billion in federal funding over five years for infrastructure projects, such as road and bridge repair, public transportation and rail service.

WATCH: Farm owners testify on supply chain in local agricultural markets

By News Desk and Associated Press

After completing a review of supply chains, the Biden administration announced on June 8 that it was forming a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.

U.S. agency orders automated vehicle makers to report crashes

By Tom Krisher, Associated Press

The move Tuesday by the National Highway Traffic Safety Administration indicates the agency is taking a tougher stance on automated vehicle safety than in the past.