Economy

The plan eliminates overtime for hundreds of thousands of postal workers and says employees must adopt a "different mindset” to ensure the Postal Service survives COVID-19.

The economy is tanking, with massive layoffs and bankruptcies. But the richest sliver of the country continues to do quite well.

Democratic candidate Joe Biden is proposing using the federal government’s regulatory and spending power to bolster U.S. manufacturing and technology firms.

“What we’re seeing now is that lots more people who are unemployed are going to be unemployed for a longer period of time,” economist Nick Bunker says.

Data from Kronos, which produces work-scheduling software for small businesses, reinforces evidence that the recovery of the job market is faltering.

About 165,000 organizations have received PPP funding so far, totalling $20.7 billion — making Pennsylvania one of the top users of the loan program.

The state Supreme Court handed the Democratic governor a victory that could come into play this fall should the state see a surge that necessitates another shutdown.

Business owners in Ocean City say New Jersey Gov. Phil Murphy's decision to postpone restarting indoor dining could cause severe economic harm to boardwalk restaurants. 

Even as national surveys find most people uncomfortable stepping inside a mall, plenty in the Philly region left home for deals and a change of scenery.

It’s been the practice to debate and cut deals until the wee hours of July 1 before approving a budget. The pandemic and virtual meetings stopped that this year.

Regulators, companies and unions are trying to figure out how to get guests back into casinos in a way that doesn’t spread the virus. Will it work?

Delaware will not move into phase three just yet — which would allow bars to reopen and visits to senior living facilities and hospitals.

New Jersey’s official count of coronavirus-related deaths surged overnight as the state began counting “probable” fatalities toward its overall tally.

The latest figures coincide with a sudden resurgence of COVID-19 cases in the U.S., especially in the South and West, that’s threatening to derail a nascent economic rebound.

Facing drastic budget cuts, the Philadelphia Cultural Fund may seek financial support from outside the city government.