Child Tax Credit 2021: Here's who will receive monthly payments

Starting July 15, monthly child tax credit payments will begin going out to millions of American families. Here’s what you need to know.

US unemployment claims tick up to 412,000 from pandemic low

The Labor Department said jobless claims in the U.S. rose 37,000 from the week before to 412,000, an increase for the first time since April.

More than 4 million Americans face eviction amid worsening housing crisis

Two studies have found that the nation’s housing availability and affordability crisis is expected to worsen significantly following the pandemic.

Federal Reserve expects to raise interest rates by late 2023

The Fed's policymakers forecast that they would raise their benchmark short-term rate, which influences many consumer and business loans, twice by late 2023.

Millions fear eviction as housing crisis worsens

More than 4 million people say they fear being evicted or foreclosed upon in the coming months just as two studies released Wednesday found that the nation's housing availability and affordability crisis is expected to worsen significantly following the pandemic.

IRS tool to register for the monthly Child Tax Credit payments now open

Under the law, known as the American Rescue Plan, low- and middle-income parents can expect to receive $3,000 for every child ages 6 to 17 and $3,600 for every child under age 6.

2020 teen summer employment was lowest since Great Recession

The number of teens who were able to get jobs during the summer of 2020 saw its lowest level since the Great Recession in 2008.

US weekly unemployment claims fall to 376,000, sixth straight drop

The number of Americans claiming unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly from pandemic woes.

Chipotle raising prices to offset its $15 minimum wage hike

Chipotle announced it would be raising menu prices by as much as 4% to offset the cost of the employee pay raises announced last month.

Florida's 'Freedom Week': No sales tax on live music, movies, events, and more

People can avoid paying sales taxes on tickets purchased for things like live music, annual passes, in-theater movies, and museums and state parks.

US economy shows growth despite lacking enough workers, supplies

Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can’t fill jobs or acquire enough supplies to meet a pent-up burst of customer demand.

IRS sending refunds to those who paid taxes on 2020 unemployment

The IRS says it is sending more than 2.8 million refunds to those who paid taxes on unemployment compensation that is now excluded as income.