The measure now heads to the Senate, setting up a clash with Republicans, who have warned they will block any debt ceiling increase.
Democrats are nearing a make-or-break moment for President Biden’s agenda, with party divisions imperiling top-priority legislation and fiscal crises looming.
Some businesses are still hurting, and federal aid has wound down. But economists see sources of resilience and signs of strength.
The Treasury secretary must wade into a standoff between Democrats and Republicans over raising the debt limit.
The Federal Reserve, Treasury and other regulators are worried that a technology that pledges stability will actually be a source of turmoil.
A parallel universe of millions of employees did not have the luxury of thinking about returning to the office — they never left. Six workers share their experiences.
A report by a liberal think tank tries to quantify the potential employment gains and losses, concluding that subsidies will be crucial.
A White House analysis using an unconventional methodology says the wealthiest Americans pay far less in taxes than others.
Investors are watching whether the property developer defaults. But in the background, the world’s No. 2 economy is flashing numerous warning signs.
The Fed said it could soon slow its large-scale purchases of government-backed bonds and indicated it might raise interest rates in 2022.
A plan for the economy, education, immigration, climate and more binds disparate Democratic lawmakers, but the proposal risks sinking under its own weight.
The technology giant has built a sprawling campus on the West Side of Manhattan and has 12,000 employees in the city.
Lael Brainard is more aligned with the president, so picking her may please Democrats. Powell may have a more bipartisan seal of approval.
Senator Elizabeth Warren urged tougher restrictions after disclosures that two regional Federal Reserve presidents bought and sold stocks and real estate-tied assets last year.
Starbucks has closed more than 40 stores, while adding mobile-order pickup counters in others. Other chains like Sonic are taking advantage of vacancies to establish themselves in New York.
The 0.7 percent climb in sales last month came after a 1.8 percent decline in July and gains earlier in the summer.
The House Ways and Means Committee’s proposal to pay for trillions in social spending leaves wealth gains and inheritances largely alone. It focuses instead on a more traditional target: income...
Details of the legislation show higher taxes for companies and the wealthy, but key elements differ from the Senate and White House proposals.
When government benefits are taken into account, a smaller share of the population was living in poverty in 2020 even as the pandemic eliminated millions of jobs.
Resistance to tax increases outweighs the appeal of a $3.5 trillion measure containing child care credits and other items that corporations embrace.