Economy

Filter

A bipartisan group in the House is still trying to deliver a virus aid deal

How do you break a stalemate? Congress and the White House remain at odds over providing relief for economic casualties of the coronavirus pandemic. But a group of House members from both parties is trying to spark progress by unveiling…

Continue watching

Federal Reserve sees interest rates near zero, at least through 2023

By Christopher Rugaber, Associated Press

The Fed’s moves are occurring against the backdrop of an improving yet still weak economy, with hiring slowing and the unemployment rate at 8.4%.

U.S. charges 5 Chinese citizens in global hacking campaign

By Eric Tucker, Associated Press

The five defendants remain fugitives, but prosecutors say two Malaysian businessmen accused of conspiring with the alleged hackers to profit off the attacks on video game companies were arrested in that country this week and face extradition proceedings.

Report finds global economic outlook not as bad as expected

By Associated Press

The global economy is expected to rebound and grow by 5 percent next year, the Organization for Economic Cooperation and Development said in a report.

Income in the U.S. rose in 2019. So did the number of uninsured

By Mike Schneider, Associated Press

In 2019, median household income in the U.S. was the highest ever on record. But that was before the coronavirus pandemic hit.

Automaker Daimler AG to pay $1.5 billion to settle emissions cheating probes

By Michael Balsamo, Tom Krisher, Associated Press

Officials say Daimler violated environmental laws by using so-called "defeat device software" to circumvent emissions testing and sold about 250,000 cars and vans in the U.S. with diesel engines that didn't comply with state and federal laws.

U.S. halts imports from China's Uighur region over suspected forced labor

By Ben Fox, Associated Press

Companies that ship clothing and other cotton goods, computer parts and hair products from the Xinjiang region were named in the order issued by U.S. Customs and Border Protection.