The U.S. trade deficit is hitting record highs — and it's fueled by a surge in demand for imports, mostly from East Asia. On both land and at sea, the shipping industry is struggling to keep up.
The Labor Department says consumer prices jumped 5% for the 12 months ending in May. That's the sharpest increase in nearly 13 years, as the economy rebounds from the pandemic recession.
Congress approved $47 billion to help struggling renters avoid eviction. But that money still isn't reaching many who need it. And an eviction moratorium from the CDC expires at the end of the month.
President Biden has aspirations for a new era of train travel. Amtrak supporters hope that a new line between New Orleans and Mobile, Alabama, is just the start. But major obstacles stand in the way.
Many offices that have been closed since March 2020 are beginning to bring workers back, but not all companies think they need a return to the old ways.
As pandemic restrictions loosen, tourists flock to Jack Sprat, a restaurant in Girdwood, Alaska. But like many businesses in resort towns, it's having trouble hiring servers as the economy rebounds.
Republican governors are moving to end $300-a-week pandemic payments for the unemployed in a controversial effort to push people back to work. Four states are set to end them this week.
After accidentally sending stimulus checks to ineligible foreign citizens living overseas, the Internal Revenue Service is now asking some banks to help recover money, creating a legal mess.
In May, U.S. employers added two times the jobs they did in April. A long way from replacing the jobs lost in 2020, employers say they'd like to hire more people to keep up with booming demand.
Millions of Americans are behind on rent and billions of dollars from Congress isn't reaching those who need it. A federal moratorium on evictions expires at the end of June so the clock is ticking.
Millions of women who lost their jobs in the pandemic have yet to return to work, even though the economy has improved. What's keeping them back is a mix of factors that may not be resolved quickly.
U.S. employers added 559,000 jobs last month, as the unemployment rate fell to 5.8% from 6.1% in April. Employers say they could use even more workers as demand surges and pandemic fears recede.
Citing a severe shortage of workers, half of the nation's governors have decided to end extra federal jobless benefits months early. But an economist says that will set back households and businesses.