Associated Press

It could be an opening salvo ahead of other major government antitrust actions, given ongoing investigations of Apple, Amazon and Facebook.

The federal deficit for 2020 was three times the size of last year’s deficit. It was the government’s largest annual shortfall in dollar terms.

It's another week of evidence that layoffs remain a hindrance to the economy’s recovery.

Americans Paul R. Milgrom and Robert B. Wilson won the Nobel Prize in economics on Monday for “improvements to auction theory and inventions of new auction formats.”

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin resumed negotiations on a new stimulus package Friday afternoon.

“Lives are at stake,” Pelosi said at the Capitol. “This is deadly serious.”

The latest sign of a flagging recovery comes two days after President Donald Trump cut off talks over a new rescue aid package.

The president appeared to backtrack on his earlier decision to halt talks with Democrats over a new stimulus package.

The comments from the president came just hours after Federal Reserve Chair Jerome Powell urged Congress to come through with more aid.

Powell said that government support has so far prevented a recessionary “downward spiral."