A pedestrian walks by The Framing Gallery, closed due to the COVID-19 pandemic, in Grosse Pointe, Mich. (AP Photo/Paul Sancya, File)

The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring.


Congressional Democrats and Republicans are deadlocked on approving new stimulus spending, but it turns out there's already a huge chunk of cash that isn't being utilized.


House Speaker Nancy Pelosi says the president's coronavirus diagnosis could change the shape of talks toward an evasive stimulus deal. Pelosi said Democrats and the GOP "don't have shared values" about how to contain the virus and what to put in legislation. But she signaled help for the airline industry. 


The Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as it strives to accelerate economic growth and drive down the unemployment rate.


Whether you are sending your kids off to kindergarten or to college, back-to-school time means a serious dent in your wallet.

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As the economy and jobs remain a top issue in this election year, the latest numbers from the government today show a clear improvement in the jobs picture.

A protester holds a sign during a rally calling for an end to Gov. Gavin Newsom's stay-at-home orders amid the COVID-19 pandemic, April 22, 2020, outside of city hall in downtown Los Angeles. (AP Photo/Marcio Jose Sanchez)

The national debt is at its highest level since World War II and on pace to exceed the size of the US economy. This means the amount the US owes will be greater than the total goods and services produced in an entire year. 


Spurred by ultra-low mortgage rates, homebuyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%.


Last month the international payment system company PayPal launched "Believe" – an employee resource group designed to promote awareness and understanding of workers' faiths and worldviews.

Image source: AP photo

Wall Street clawed back the last of the historic, frenzied losses unleashed by the new coronavirus, as the S&P 500 closed at an all-time high Tuesday.