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 ...
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 ...
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 ...
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 ...
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 ...
WASHINGTON — America’s employers barely added jobs last month, underscoring the viral pandemic’s ongoing grip on the economy and likely adding momentum to the Biden administration’s push for a bold rescue aid package. The increase of just 49,000 positions in January made scarcely ...
