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The Biden administration is moving to require state and local governments to submit "equity plans" to the federal government to avoid falling afoul of fair housing rules. → Read More
Gross domestic product grew at a 2.6% annual rate in the third quarter after declining in the first half of the year, the Bureau of Economic Analysis reported Thursday morning, an uptick that should temporarily allay fears the United States is in recession. → Read More
The Biden administration acted legally in postponing oil and gas lease sales in Wyoming in 2021, in a blow to the oil industry, a federal judge ruled Friday. → Read More
The unemployment rate for Hispanic workers hit a record low of 3.9% in July, the Bureau of Labor Statistics reported Friday morning. → Read More
America's GDP fell at a 0.9% annualized rate in the second quarter, a preliminary estimate from the Bureau of Economic Analysis showed Thursday morning. The report marks the second straight quarter of declining inflation-adjusted GDP — a situation commonly used to define a recession. GDP tumbled at a 1.6% rate in the first quarter. → Read More
The U.S. government is emerging from the pandemic on a surprisingly strong fiscal footing but at a greater risk of getting tripped up by bond markets. → Read More
President Donald Trump's "remain in Mexico" immigration policy will be reinstated after the Supreme Court refused a Biden administration request Tuesday night to block a lower court ruling requiring the restrictions be put back in place. → Read More
President is siding against local-level opponents of construction. → Read More
The economy added 943,000 new jobs in July, the Bureau of Labor Statistics reported Friday, bringing the labor market recovery to its fastest pace in over a year. The unemployment rate fell by half of a percentage point to 5.4%. → Read More
The Biden administration moved Thursday to restore a fair housing rule originally implemented during the Obama administration and then repealed under former President Donald Trump, who had criticized it as an assault on suburbia. → Read More
The contours of President Trump's plan for easing the pandemic restrictions in place throughout the country came into view Thursday evening. → Read More
Stock futures tanked Sunday evening as Congress struggled to reach a deal to pass massive economic relief legislation. → Read More
Market futures plunged Sunday night following a dramatic announcement of monetary policy easing from the Federal Reserve, suggesting that investors thought that the actions were insufficient in light of the threat posed by the coronavirus pandemic. → Read More
The Federal Reserve lowered its interest rate target to zero Sunday to protect the economy against the coronavirus pandemic. → Read More
The Federal Reserve issued an emergency reduction in its interest rate target of half a percentage point in response to the coronavirus outbreak. → Read More
Federal Reserve Chairman Jerome Powell sought to reassure markets that the central bank would protect the economy from fears over the coronavirus outbreak, signaling that it would cut interest rates if needed. → Read More
The Federal Reserve lowered its interest rate target by a quarter percentage point Wednesday, its second consecutive rate cut, in an effort to keep the economic expansion running despite signs of weakening global growth and domestic fears about President Trump’s trade war. → Read More
The economy grew at a 2.1% annualized rate in the second quarter, the Bureau of Economic Analysis reported Thursday morning in a preliminary report on Gross Domestic Product. → Read More
Bill Buckner, the outstanding major league hitter whose career was overshadowed by a historic error in the Red Sox’s 1986 World Series loss, died Monday at the age of 69. → Read More
The economy grew at a 3.2 % annual rate in the first quarter, the Bureau of Economic Analysis reported Friday morning, beating forecasters' expectations. → Read More