Mega Millions, Powerball jackpots are above $400 million each

Both the Mega Millions and Powerball jackpots have soared to more than $400 million each, with drawings to be held Tuesday and Wednesday. 

Unemployment benefit claims unexpectedly fall as coronavirus lockdowns widen

The number of Americans filing for first-time unemployment benefits fell last week amid a rise in COVID-19 infections and new restrictions aimed at slowing the spread of the disease.

McConnell blocks immediate Democratic push for $2,000 stimulus checks

Senate Majority Leader Mitch McConnell on Tuesday blocked Democrats' push to immediately bring President Donald Trump's demand for bigger $2,000 COVID-19 relief checks up for a vote.

Unemployment benefits to be delayed by Trump's late signing of COVID-19 relief bill

The $900 billion economic relief package that President Donald Trump signed over the weekend will deliver vital aid to millions of struggling households and businesses.

Las Vegas slots player wins $15.5M jackpot on Christmas Eve

The Suncoast Hotel and Casino reported a man named Kevin won nearly $15.5 million from one of its slot machines Thursday night.

House Dems will try to pass $2,000 stimulus checks this week after Trump signals support

House Democrats are planning to force a vote this week on increasing the size of the stimulus checks included in the $900 billion coronavirus relief package after President Trump demanded Congress raise the payments from $600 to $2,000 per adult.

Layoffs remain elevated as 803,000 seek unemployment aid

The number of Americans seeking unemployment benefits fell by 89,000 last week to a still-elevated 803,000, evidence that the job market remains under stress nine months after the coronavirus outbreak sent the U.S. economy into recession and caused millions of layoffs.

Trump asks Congress to amend $900B COVID-19 relief bill, increase stimulus checks to $2,000

The bill that was passed by Congress establishes a temporary $300 per week supplemental jobless benefit and a $600 direct stimulus payment to most Americans, but President Donald Trump said he wants lawmakers to increase the check amounts to $2,000 per person or $4,000 for married couples.

US jobless claims rise to 885,000 amid resurgence of coronavirus

The number of Americans applying for unemployment benefits rose again last week to 885,000 as a resurgence of coronavirus cases threatens the economy’s recovery.

Unemployment claims jump to 853,000 amid resurgence of COVID-19

The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that some companies are cutting more jobs as new virus cases spiral higher.

US economy will return to pre-pandemic levels by second-half of 2021, experts predict

The U.S. economy's growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year.

Scam alert: HHS warns of fake social media accounts promising COVID-19 grant money

The Office of the Inspector General for the U.S. Department of Health and Human Services is warning the public of yet another COVID-19-related scam being perpetrated through social media.

IRS admits to erroneously sending $34M in COVID-19 stimulus funds overseas

The IRS acknowledged that it was responsible for sending $34 million worth of COVID-19 stimulus checks to ineligible people living outside of the United States.