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Money & Markets

Democrats pushing Biden’s virus bill through House panels

WASHINGTON — Democrats pushed half of President Joe Biden’s $1.9 trillion COVID-19 relief plan through a House committee Thursday, advancing $1,400 payments for millions of Americans and other initiatives that Republicans call too costly, economically damaging and brazenly partisan. The ...

Budget deficit totals record $735.7 billion through January

WASHINGTON — The U.S. government’s budget deficit hit $735.7 billion through the first four months of the budget year — an all-time high for the period — as a pandemic-induced recession cut into tax revenues while spending on COVID relief measures sent outlays soaring. The Treasury ...

Dems attempt to push through school funding, wage increase

WASHINGTON — House Democrats on Tuesday muscled past Republicans on portions of President Joe Biden’s pandemic plan, including a proposed $130 billion in additional relief to help the nation’s schools reopen and a gradual increase of the federal minimum wage to $15 an hour. Democrats on ...

Dems propose $1,400 payments as part of Biden virus relief

WASHINGTON — House Democrats on Monday proposed an additional $1,400 in direct payments to individuals as Congress began piecing together a $1.9 trillion COVID-19 relief package that tracks President Joe Biden’s plan for battling the pandemic and reviving a still staggering ...

Tesla buys $1.5B in Bitcoin, will accept as payment soon

SILVER SPRING, Md. — Holders of Bitcoin may be able to cash in some of their investment in the digital currency for a brand new electric car. Electric automaker Tesla said Monday that it has invested around $1.5 billion in Bitcoin and it plans to begin accepting the digital currency as ...

Biden wants fast COVID aid, but minimum wage hike in doubt

WASHINGTON — President Joe Biden laid out his case Friday for moving fast to pass $1.9 trillion in coronavirus relief, but even as he opened the door to proceeding without Republicans, he conceded that a key element of his plan — hiking the minimum wage to $15 per hour — was unlikely to ...