News

A strengthening U.S. job market isn’t translating into much bigger paychecks, with 2% wage gains barely more than half the rate typically seen in a recovery. As a consequence, consumer spending remains tepid. And the reason may lie in other […]

Equifax Information Services, Experian Information Solutions and TransUnion will announce changes to the way they resolve disputes and handle unpaid medical bills in credit reports. Under the changes, the companies will have to use trained employees to review information customers […]

The U.S. unemployment rate fell to 5.5% last month as 295,000 jobs were added to payrolls, according to the Labor Department. Meanwhile, pay edged up 3 cents an hour and the average work week remained at 34.6 hours.

Lawyers presented arguments to the Supreme Court on Wednesday regarding whether the Affordable Care Act authorizes tax credits only for people who buy a health insurance plan through a state-run exchange and not the federally run HealthCare.gov. A decision is […]

The House of Representatives approved legislation extending funding for the Department of Homeland Security. The measure passed 257-167 with the backing of 75 Republicans and all Democrats who voted. Spending for the agency turned into a debate over President Barack […]

The Internal Revenue Service audited 57,211 U.S. businesses in fiscal 2014, just 0.57% of the total. That rate, an eight-year low, represented a decrease from 0.61% during 2013. IRS Commissioner John Koskinen attributed the decline to the agency’s smaller budget.

The U.S. economy expanded at an annual rate of 2.2% for the fourth quarter, according to revised estimates by the Department of Commerce. Growth was previously estimated at 2.6%. Data about business stockpiles and the trade deficit contributed to the […]

Initial jobless claims last week rose 31,000, to 313,000, the Labor Department said. It was the biggest increase since December 2013.

With the U.S. job market still gaining strength and inflation low, the Federal Reserve is not yet ready to raise interest rates from near-zero levels, Fed Chair Janet Yellen told the Senate banking committee as she delivered the Fed’s semiannual […]