President Biden will ask Congress to increase taxes on capital gains for tax filers who make more than $1 million a year — a move the White House says will affect only about 500,000 households.
Many millennials are now in their thirties. Unlike many generations before them, they came of age during a Great Recession, a global pandemic and huge changes to the economy.
NPR's Ari Shapiro talks with the American indicators, four people whose stories illustrate what the American economy faces a month after President Biden signed a coronavirus relief bill into law.
When COVID-19 spurred an emergency shelter in place order last April, magician Stephen Spanks’ gigs vanished – poof – and like hundreds of thousands of other Georgians, he was left wondering how he would pay his bills.
The resounding vote against forming a union at an Amazon warehouse in Alabama is a blow to the labor movement. It has glimmers of hope but in the private sector unions are rare and mostly weak.
President Biden has repeatedly promised the shift to clean energy will create "good-paying union jobs." But the wind and solar industries generally pay less, are not unionized, and need fewer people.
The Port of Savannah set an all-time record last month, handling nearly 500,000 twenty-foot equivalent units (TEUs) of containerized cargo. That represented an increase of 48% over March of last year, when the coronavirus pandemic was starting to slow the movement of freight.
Mobile home owners right now are twice as likely as other homeowners to be behind on housing payments. And some are losing their homes over small amounts of rent they owe for land the home sits on.
Retail sales jumped nearly 10% in March, as shoppers, flush with $1,400 relief payments, are feeling more confident about venturing out. Weekly unemployment claims dropped to a pandemic low.
Many traditional infrastructure jobs have gone to men in the past. Progressives like Rep. Katie Porter fear that the way Biden is splitting his economic agenda could hurt American women.
A political debate has become a debate over word choice: the question of what "infrastructure" even means. The answer could mean a lot for women in the economy.
President Biden's argument that a $2 trillion infrastructure proposal would help the U.S. compete with China says a lot about how the president is approaching foreign and domestic policy.