White House drops payroll tax cut as GOP unveils virus aid

The White House has dropped a bid to cut Social Security payroll taxes as Republicans unveil a $1 trillion COVID-19 rescue package.

Jobless claims rise as cutoff of extra $600 benefit nears

The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.

Wrangling over virus relief persists despite high stakes

The desperate race to corral the coronavirus pandemic is taking on even greater urgency as a burgeoning economic crisis collides with political turmoil.

US wholesale prices fell 0.2% in June as food costs plunged

U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.

What will the next coronavirus relief bill look like? Congress mulls stimulus checks and back-to-work bonus

As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.

41 million have lost jobs since virus hit, but layoffs slow

About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.

Interest rates steady during coronavirus pandemic: What it means for your wallet

Interest rates will remain at zero percent until the financial effects of the coronavirus pandemic begin to subside, which is good news for some consumers, the Federal Reserve announced Wednesday.

Expert examines the future of the food and beverage industry

Small businesses could soon be shuttering their doors as the result of the coronavirus pandemic, concerning entrepreneurs who are part of the fabric of our country.

Coronavirus pushes cities to cap third-party delivery fees

More U.S. cities are capping commission fees third party delivery services charge restaurants, many of which are mom-and-pop small business owners.

US economy shrank at 4.8% rate last quarter as coronavirus struck

The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.

Trump orders meat processing plants to remain open

The order will use the Defense Production Act to classify meat processing as critical infrastructure to keep production plants open, according to the Associated Press.