Fed officials, including Chair Janet Yellen on May 27, had signaled they were in favor of a rate increase, but the June jobs report seems to stop that.
You might be surprised how many families face financial woes from the Great Recession's effects even now--medical bills and underwater mortgages don't help.
Senators Elizabeth Warren and David Vitter introduced legislation to require the Federal Reserve Board of Governors to publicly record votes on enforcement actions that include $1 million or more in payments.
Reducing land-use constraints in high-productivity New York, San Francisco and San Jose to the level of the median city would expand their labor forces, boosting U.S. gross domestic product by 9.5 percent.
Treasury Secretary Jacob J. Lew said the tax system for businesses needs to be overhauled, with lower taxes and closed loopholes, to help boost the economy.
The number of Americans filing for unemployment benefits unexpectedly rose last week to a two-month high, interrupting a steady decrease to the lowest level since before the last recession.
The four-week average of jobless claims in June, considered a less volatile measure than the weekly figure, dropped to 297,250, the lowest since April 2006, from 300,750 the prior week.