A Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a new round of stimulus payments and the stepped-up rollout of coronavirus vaccines.
As Americans receive stimulus checks and tax refund checks, they may be wondering how to spend that money. In some cases, it may be wise to save it, rather than spend it. But other than stashing the cash in a highly recommended emergency fund, what should you do with it? Whether it’s a stimulus check, […]
Americans shopped less in February, leading retail sales to fall 3% on a seasonally adjusted basis, the Census Bureau reported Tuesday.
The $1.9 trillion coronavirus relief package passed by the U.S. House Wednesday will deliver a long-awaited boost to cash-strapped Illinois, with $7.5 billion in direct aid to the state and $6 billion to Chicago and other local governments.
Democratic state officials in Illinois applauded the final passage Wednesday of President Joe Biden’s $1.9 trillion federal relief package, which includes billions of dollars in aid to cash-strapped state and local governments.
This stimulus will increase the federal debt without leaving the economy appreciably bigger than it would have been without the bill.
March mortgage rates forecast Mortgage rates leaped higher in the second half of February and probably will continue rising in March. The average rate on the 30-year fixed-rate mortgage went…
Virus update: COVID-19 vaccine makers told Congress to expect a big jump in the delivery of doses, and the companies insist they will be able to provide enough for most Americans to get inoculated by summer.
The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,…
February mortgage rates forecast The average rate on the 30-year fixed-rate mortgage went up in January, after falling seven months in a row. But don’t fret. The story is more…
President-elect Joe Biden is unveiling a $1.9 trillion "American Rescue Plan" Thursday to turn the tide on the pandemic, speeding up the vaccine rollout and providing financial assistance.
Top congressional lawmakers struck a late-night agreement on the last major obstacle to a COVID-19 economic relief package costing nearly $1 trillion.
President-elect Joe Biden and congressional Democrats have swung behind a bipartisan COVID-19 relief effort as a basis for discussions. Here's the latest virus news and numbers.
Gov. J.B. Pritzker notified the Federal Reserve on Wednesday that Illinois plans to borrow an additional $2 billion from a special lending pro…
Gov. J.B. Pritzker announced Wednesday the state would give notice to the federal government that it plans to borrow $2 billion from a federal program created in response to the COVID-19 pandemic in an effort to fill the state’s budget deficit.
President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary. Yellen would be the first woman to lead the Treasury Department.
“With the government program payments, 2020 net cash farm income is the 8th highest in the last 50 years. Without the payments, it would have …
Democratic Gov. J.B. Pritzker says the state faces a ballooning budget deficit and bill backlog over the next five years and said new revenue sources are being explored because cuts alone cannot resolve Illinois government’s structural spending imbalance.
(CNN) -- The Covid-19 pandemic brought the economy to a screeching halt, and while it has started its long road to recovery, the economy we knew is probably a thing of the past, said Federal Reserve Chairman Jerome Powell on Thursday.
Virus roundup: The CDC gives its travel guidance with holidays looming, the Federal Reserve indicated it is ready to do more to help an economy under threat from a worsening pandemic and more.
In Illinois and around the country, an increasing number of universities, investigators and researchers are turning up evidence of systemic racism in the financial sector that has plagued Black Americans for decades
President Donald Trump said Tuesday that he has instructed aides to stop negotiating on another round of coronavirus relief until after the election.