Biden’s $6T budget proposal: Social spending, taxes on business

President Joe Biden rolled out his $6 trillion budget proposal for next year, which features new social programs for the poor and middle class. But it depends on taxing corporations and the wealthy to keep the nation's spiking debt from spiraling out of control.

In new pandemic low, unemployment numbers fall to 498,000

The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market’s growing strength as businesses reopen and consumers step up spending.

Unemployment claims fall to 553,000

The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession.

US economy grew at a robust 6.4% rate last quarter

The U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.