Economy

Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789.

In the month before Philadelphia and other Pa. cities entered a second coronavirus wave, the state’s unemployment rate dropped slightly.

The leading candidates are thought to be former Federal Reserve Chair Janet Yellen and Federal Reserve Governor Lael Brainard.

Gov. Tom Wolf has not said whether he would sign or veto the bills.

Economists warn that without more relief for out-of-work people and small-business owners the economy will be damaged more than it needs to be.

As state lawmakers prepare to discuss the latest proposed state budget, an expert group predicts the commonwealth won’t have enough tax money to fully fund it.

More than two dozen states and nearly 50 localities have a wage floor that is higher than the federal minimum wage, which has been stagnant at $7.25 since 2009.

As winter approaches and COVID-19 cases are skyrocketing, local governments are announcing new restrictions and recommendations to stem the spread of the coronavirus.

The president-elect called for immediate action to help borrowers who are "having to make choices between paying their student loan and paying the rent."

“Every state ... every city is suffering," said one governor. "The federal government is really the only resource that we all have to turn to.”

“People are looking for opportunities to escape what is happening around us. Coming to a casino is entertainment, and people still want to be entertained.”

The President-elect met with corporate executives and union leaders and said they must cooperate to resurrect the coronavirus-ravaged economy and create jobs.

All that was left was to set up the marketplace for recreational marijuana. Many say they were dismayed by lawmakers’ first try at enabling legislation.

New Jersey's red-hot sports betting market set the national record for the highest amount wagered on sports for the third month in a row in October.

Pent-up demand from households that have been cooped up over the last eight months could drive a spending boom in the spring, providing a big boost to the economy.