Senate Democrats Iron Out Details on Covid-19 Aid Package
WASHINGTON—Senate Democrats sought to bridge differences over jobless benefits, aid for state and local governments and $1,400 direct payments as...
Economic News
How Europe Became the World’s Biggest Electric-Car Market—and Why It Might Not Last
The continent’s share of global new electric car sales nearly doubled to 43% last year, while China and the U.S....
Democrats Dealt Blow on Minimum-Wage Drive for Covid-19 Bill
The parliamentarian, the neutral arbiter of the chamber’s rules, issued guidance saying she thought it didn’t meet the guidelines for...
Global Services Economy Moving at Two Speeds as Factories Thrive
U.S. services companies reported increased activity during February, aided by demand for new business, while service-sector firms in Europe and...
U.S. Retail Sales Rose Strongly on Stimulus in January
U.S. shoppers sharply increased spending in January, buoyed by stimulus payments that many households received in the most recent virus-relief...
U.S. Debt on Track to Hit a Record 107% of GDP by 2031, CBO Says
WASHINGTON—Federal deficits are projected to soar over the next decade, but not as much as officials forecast last summer, thanks...
WSJ News Exclusive | Forecasters Lift Expectations for 2021 Economic Growth
Forecasters are increasingly optimistic about economic growth this year, though less so about the labor market’s prospects, as it recovers...
Fed’s Powell Signals Easy Money Policies to Remain in Place for a While
WASHINGTON—The Federal Reserve will continue bolstering the U.S. economy through low interest rates and hefty asset purchases, Chairman Jerome Powell...
Schumer Says Senate Democrats Working to Raise Minimum Wage
WASHINGTON—Senate Majority Leader Chuck Schumer said Senate Democrats are pushing to include an increase in the federal minimum wage in...
Job Openings Pick Up in Pandemic-Resilient Industries
The number of help-wanted ads returned to pre-pandemic levels in January, particularly among industries that have weathered the pandemic relatively...
$15 Minimum Wage Would Cut Employment, Reduce Poverty, CBO Study Finds
Raising the federal minimum wage to $15 an hour by 2025 could deliver raises for 27 million workers and lift...
U.S. Employers Added 49,000 Jobs in January
U.S. employers added 49,000 jobs last month, returning growth to the labor market after a one-month dip, while the unemployment...
Who Could Receive a Third Stimulus Check? What Biden and the GOP Are Proposing
Republicans have called for a more-targeted approach to a third round of stimulus checks, while Democrats have argued that broad...
U.S., Asia Services Activity Picks Up, While Eurozone Faces Recession Risk
Services companies in the U.S. and Asia gained ground in January, while a continued contraction in the eurozone threatened a...
Biden Wants a $15 Minimum Wage. Here’s What People Say It Would Do to the Economy.
President Biden says his proposal to raise the federal minimum wage to $15 an hour will lift many low-wage workers...
Fed’s Kashkari: Fed Shouldn’t Pull Back on Aid
The U.S. economy has a long way to go before it fully recovers and will need strong support from the...
Republicans Propose $618 Billion Covid-19 Relief Plan
WASHINGTON—Senate Republicans released new details of their roughly $618 billion coronavirus-relief proposal Monday, including a round of $1,000 direct checks...
What’s Driving Everything From a Market Frenzy to an Embrace of U.S. Deficits? Magical Thinking.
The Wall Street bulls embracing sky-high stock values and the Washington pols embracing big deficits may be ideological opposites, but...
U.S. Household Income, Savings Rose at End of Last Year
U.S. household income rose for the first time in three months in December as a new round of government-aid efforts...
