Economy and Politics

As Democratic-run Washington works on getting the bipartisan infrastructure bill enacted, here are visual breakdowns for the long-awaited measure's spending categories, as well as its funding sources.

Senate Minority Leader Mitch McConnell on Monday said Senate Republicans won't support legislation that raises the federal borrowing limit, reiterating his view that Democratic lawmakers should go it alone on that matter. The two top Democratic lawmakers, House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, said earlier Monday that the House this week will pass legislation that will prevent a government shutdown and include a suspension of the debt limit through December 2022.

Lawmakers are back in Washington, D.C., on Monday and have less than two weeks to head off a partial government shutdown. Here's what happens if they can't.

China's industrial policy is a weakness, so why should the U.S. copy it or demand that Beijing abandon it?

The Biden administration is launching an initiative called "House America" in an effort to reduce homelessness, White House press secretary Jen Psaki said on Monday. The initiative will "engage state and local leaders to set and achieve ambitious goals for reducing homelessness in America," she told reporters.

U.S. to ease travel ban for vaccinated passengers from EU, U.K., reports say

Humans have always been easily misled, but what's new is how fast the lies can spread.

With Fed officials fractured over the outlook, Fed Chairman Jerome Powell faces the task of stitching together a compromise plan

Dr. Anthony Fauci on Sunday said he was not disappointed by an FDA's panel's rejection last week of a plan to start giving widespread COVID-19 vaccine boosters, and tried to clear up some of the public's confusion over boosters.

Sen. Joe Manchin wants a "strategic pause" until 2022 on President Joe Biden's sweeping $3.5 trillion spending plan, according to a new report.

In an op-ed column published by the Wall Street Journal, Treasury Secretary Janet Yellen noted that Congress has never defaulted, and must not now.

President Joe Biden on Friday urged all nations to act to slow climate change or risk getting dangerously close to "a point of no return," as pressure to replace pledges with action rises ahead of the highly anticipated November global climate-change conference in Glasgow.

Allowing the IMF to issue $1.5 trillion in special drawing rights would save countless lives and wouldn't cost U.S. taxpayers a dime

Ten states will owe the feds a collective $45 billion after exhausting their state insurance trust funds and failing to pay back their loans in time

Could a new regulation affecting banks help Democratic lawmakers deliver a 'SALT fix' for higher-cost states?

Congress still hasn't raised the federal borrowing limit to prevent a U.S. default, even as the Treasury Department cautions that "cash and extraordinary measures" are most likely to run out next month.

Central banks' QE was supposed to boost the real economy, but the money it creates is going instead into financial speculation

The proposal would put tax progressivity roughly back where it was before the 2017 tax cuts.

Americans are worried about the fast-spreading delta strain of the coronavirus, but not enough to stop them from spending money and keeping an economic recovery alive.

Democratic lawmakers' $3.5 trillion spending plan still faces a long road to becoming reality, but analysts are flagging some winners and losers in one key House committee's proposals for funding the huge package.