President Joe Biden is trying to break a logjam with Republicans on how to pay for infrastructure improvements, proposing a 15% minimum tax on corporations and the possibility of revenues from increased IRS enforcement as a possible compromise. The offer was made Wednesday to Republican Sen. ...

NEW YORK — Ally Financial said Wednesday that it is ending overdraft fees entirely on all of its bank products, becoming the first large U.S. bank to end overdraft fees across its entire business. It’s a major move by Ally, one of the nation’s largest banks, and for the industry, which ...

SAN RAMON, Calif. — Zoom is still booming, raising prospects that the video-conferencing service will be able to sustain its momentum, even as the easing pandemic lessens the need for virtual meetings. Some signs for optimism emerged in the company’s latest quarterly earnings report ...

WASHINGTON — President Joe Biden’s $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit despite a raft of new tax increases on corporations and high-income people designed to pay for his ambitious spending plans. Biden had already announced his ...

DETROIT — Ford expects 40 percent of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it’s spending to develop them. The automaker said in a presentation for investors Wednesday that it will add about $8 billion to its EV development spending from this ...

LOS ANGELES — California and the U.S. government announced an agreement Tuesday to open up areas off the state’s central and northern coasts to the first commercial wind energy farms on the Pacific Coast. The pact that would float hundreds of turbines off the coast of Morro Bay and ...