Senate parliamentarian rules minimum wage hike must be dropped from COVID relief bill

The Senate parliamentarian has dealt a potentially lethal blow to Democrats' drive to hike the minimum wage, deciding that the cherished progressive goal must fall from a massive COVID-19 relief bill the party is trying to speed through Congress, Democratic Senate aides said Thursday. 

Unemployment claims drop to 730,000; pandemic keeps layoffs high

The number of Americans seeking unemployment benefits fell sharply last week but remained high by historical standards.

Study suggests money can buy happiness — perhaps more than previously thought

The Wharton School study found there was no dollar value at which money stopped mattering to a person’s well-being, contrary to influential research that found happiness plateaued around $75,000 a year.

IRS warns anew of 2021 tax scammers: 'very active and very creative'

By stealing client data and tax preparers' identities, the scammers can file fraudulent tax returns for refunds, the IRS said.

Read the text: House Democrats publish full $1.9T COVID-19 relief bill — including $1,400 checks

On Friday, House Democrats published the full 591-page bill detailing their $1.9 trillion COVID-19 stimulus proposal, which includes $1,400 checks for individuals making $75,000 a year or less as well as an increase to the federal minimum wage.

CEO defends Robinhood at House committee hearing over GameStop saga

The House Financial Services Committee is holding a hearing Thursday following January’s GameStop saga during which shares soared 1,600% before falling back to Earth.

FBI: North Korean hackers targeted banks, Sony movie studio

The Justice Department has charged three North Korean computer programmers in a broad range of global and destructive hacks, including targeting banks and a movie studio.

AOC pushes back after Biden dismisses progressives' plan to cancel $50,000 in student loan debt

Rep. Alexandria Ocasio-Cortez criticized President Biden after he shot down a proposal from progressive Democrats to eliminate $50,000 in student loan debt, saying the president's arguments against acting unilaterally on the matter "just don't hold water."

Price for one Bitcoin surpasses $50K for first time

The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time.

Stimulus benefits and your 2020 taxes: What to know

Tax season is right around the corner and many filers may have some different questions about their returns on the heels of an unprecedented year.

2021 tax filing season fast facts

Tax season officially began on Friday and it is shaping up to be another hectic year for taxpayers, preparers and the IRS.

Did you get the right stimulus check amount? Why you need to know before filing your tax return

Americans who have not received their coronavirus stimulus check payments, or who received the incorrect amount, have an opportunity to claim the missing money now that the 2020 tax season is officially underway.