Trump asks Congress to amend $900B COVID-19 relief bill, increase stimulus checks to $2,000

The bill that was passed by Congress establishes a temporary $300 per week supplemental jobless benefit and a $600 direct stimulus payment to most Americans, but President Donald Trump said he wants lawmakers to increase the check amounts to $2,000 per person or $4,000 for married couples.

US jobless claims rise to 885,000 amid resurgence of coronavirus

The number of Americans applying for unemployment benefits rose again last week to 885,000 as a resurgence of coronavirus cases threatens the economy’s recovery.

Delay in deal on COVID-19 relief, 2nd stimulus check may force weekend sessions for Congress

Congressional negotiators are closing in on a $900 billion COVID-19 economic relief package that would deliver $300-per-week jobless checks and $600 stimulus payments to most Americans.

Unemployment claims jump to 853,000 amid resurgence of COVID-19

The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that some companies are cutting more jobs as new virus cases spiral higher.

US economy will return to pre-pandemic levels by second-half of 2021, experts predict

The U.S. economy's growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year.

A bleak outlook for millions facing cutoff of US jobless aid

If no agreement is reached in negotiations, more than 9 million people will lose federal jobless aid that averages about $320 a week.

Trump administration suspends student federal loan payments through January

By extending payments by one month, the administration is effectively leaving it to the Biden administration or Congress to decide whether to provide longer-term relief to millions of student borrowers.

Biden predicts 'bleak future' if Congress doesn't act on aid

President-elect Joe Biden is predicting the economic crisis brought on by the coronavirus pandemic will only get worse if Congress doesn’t act quickly to pass an aid bill.

Employers add a modest 245,000 jobs in November as coronavirus pandemic intensifies

America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.

Scam alert: HHS warns of fake social media accounts promising COVID-19 grant money

The Office of the Inspector General for the U.S. Department of Health and Human Services is warning the public of yet another COVID-19-related scam being perpetrated through social media.

Unemployment claims remain high at 712,000 as COVID-19 pandemic escalates

The number of Americans applying for unemployment benefits fell last week to a still-high 712,000, the latest sign that the U.S. economy and job market remain under stress from the intensified viral outbreak.

IRS admits to erroneously sending $34M in COVID-19 stimulus funds overseas

The IRS acknowledged that it was responsible for sending $34 million worth of COVID-19 stimulus checks to ineligible people living outside of the United States.

Work in paradise: Hawaii offering incentives to remote workers who move to state

Hawaii’s new Movers and Shakas program hopes to attract talented individuals to the islands to work remotely, forging an economy resilient to economic downturns like the one triggered by the COVID-19 pandemic.

Biden unveils economic team at critical moment for recovery

President-elect Joe Biden on Tuesday introduced top advisers he says will help his administration rebuild an economy hammered by the coronavirus pandemic.