Boosting the federal minimum wage would increase earnings for more than 16.5 million people by 2016 but also cut employment by roughly 500,000 jobs, Congress' nonpartisan budget analyst said Tuesday.
U.S. homebuilders' confidence in the housing market has declined sharply as the severe weather battering much of the nation keeps many would-be buyers at home.
Although student loan debt has quadrupled since 2003 and now exceeds all other forms of U.S. consumer debt, even credit cards, the Fed doesn't see it as a significant threat to the nation's economic stability.
Despite 1,268 fraud cases to date, losses under the 2009 Recovery Act have been a fraction of what the government expected when Congress passed the stimulus package.
With auto workers in Tennessee rejecting a union, will Republican claims of more jobs come true?
The earned income tax credit is the biggest financial windfall of the year for many Americans -- but, for most families, it will just mean catching up on bills.
The Olympics, you might say, are the planet's most political apolitical event.
The United Auto Workers' plan to unionize a Volkswagen plant in Tennessee fell short by just 87 votes. The results stunned labor experts who expected the plant to unionize.
The stock market closed out its best week of the year on Friday, with the S&P 500 regaining most of its loss for the year and the Nasdaq hitting its highest mark since July 2000.
The Fed said the extended winter chill was a dominant factor in the month, keeping manufacturing on its heels and pushing demand for heat-providing utility companies.
Economic growth across the eurozone was stronger than expected at the end of 2013, according to official figures released Friday, raising hopes the recovery is gaining a foothold.
U.S. stocks finished higher on Thursday after a bumpy start to the trading session, with the Dow, the S&P and the Nasdaq all inching upward. Fed Chief Janet Yellen's appearance in the Senate was postponed due to heavy snow in Washington.
Comcast, the largest cable TV company in the U.S., said Thursday it had agreed to buy No. 2 operator Time Warner Cable in a merger that has already been approved the companies' boards of directors.
The number of Americans seeking unemployment benefits rose 8,000 last week to 339,000, but that's in line with pre-recession levels and wasn't enough to worry economists.
After a dramatic Senate tally in which top GOP leaders cast the crucial votes, legislation to let the government borrow money to pay its bills cleared Congress Wednesday for President Obama's signature.