U.S. Economy

Treasury chief Yellen defends Biden budget against Republican senators’ fears of tax increases

WASHINGTON — Treasury Secretary Janet Yellen on Thursday defended President Joe Biden’s 2025 fiscal budget proposal as Republican senators said they…

House passes bill to bar data brokers from selling sensitive personal information to U.S. adversaries

WASHINGTON — Bipartisan leaders of a House committee examining interstate and foreign commerce on Wednesday praised the passage of a bill…

Why Amtrak is attempting to revive the Texas Central bullet train

The U.S., despite decades of research and studies, remains without authentic high-speed rail options. Since 1987, investors have attempted to…

Unemployment fell for Black women in February as more joined the labor force

Unemployment among Black women fell in February as the number of those looking for work increased, data released Friday by…

Hike tariffs on Chinese EVs, Senate Democrats urge Biden administration

Three Senate Democrats from auto manufacturing states on Thursday urged the Biden administration to hike import tariffs on Chinese electric…

Stock market bubble? Analysts explain why they’re not worried

Despite the heavy concentration of the U.S. market rally in expensive, AI-focused tech stocks, analysts say Wall Street is not…

Labor unions, domestic manufacturing groups launch coalition to reform de minimis import loophole

WASHINGTON — Labor unions, domestic manufacturers, business associations and other interest organizations on Wednesday announced a bipartisan coalition to target…

Watch Fed Chair Jerome Powell testify live on Capitol Hill before House panel

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…

Treasury watchdog on a ‘full court press’ to spread awareness of new business registry rules

WASHINGTON — Over 700,000 companies have submitted data to Treasury’s new beneficial ownership information registry, a senior Treasury official said…

China’s Premier Li urges stronger economic, trade ties with U.S.

China and the United States should strengthen economic and trade ties and Washington should avoid decoupling from China, Chinese Premier…