CNBC Economy

Democrats and Republicans are parrying over what to do now that the current arrangement will expire Friday.

Originally set to expire Sept. 30, the myriad facilities, stretching from credit to small businesses up to the purchase of junk bonds now will stretch to Dec. 31.

CNBC's Rick Santelli breaks down the latest numbers on U.S. consumer sentiment.

The rise in May home prices was slightly slower than in April, likely due to a brief but sharp slowdown in home sales from the coronavirus.

New orders for key U.S.-made capital goods increased more than expected in June and shipments accelerated, but the gains were likely insufficient to avert a historic plunge in business investment and the economy in the second quarter amid the Covid-19 pandemic.

Nearly half of Americans whose families experienced a layoff during the coronavirus pandemic now believe those jobs are lost forever, a new poll shows, as temporary cutbacks give way to shuttered businesses, bankruptcies and lasting payroll cuts.

With unemployment claims persistently high, economists are warning that there has likely been no job growth in July and possibly a decline.

The Treasury secretary also said a payroll tax holiday, which President Donald Trump has repeatedly pushed for, "won't be in the base bill."

Former Morgan Stanley Asia chairman Stephen Roach warns warns V-shaped recovery mania on Wall Street is leading investors astray.

The number of Americans who filed for unemployment benefits rose more than expected last week as the pandemic inflicted more damage to the U.S. economy.

NBC News reports the tentative framework comes amid tension in the party over how to respond to the coronavirus pandemic, which is forcing states to re-evaluate their plans to reopen and to address the growing numbers of cases and deaths.

House Speaker Nancy Pelosi told CNBC on Wednesday that additional financial aid to Americans is needed to support the U.S. economy's recovery from the coronavirus-induced recession.

The increase came after sharp declines over the previous three months due to the coronavirus pandemic. Sales were still 11.3% lower annually.

Former Federal Reserve Vice Chairman Alan Blinder said Wednesday that cutting government aid during the coronavirus pandemic would be a "catastrophic mistake."

Moody's Analytics' Mark Zandi estimates what's needed to avert a double-dip recession.

Homebuyer demand and an already strong refinance market pushed mortgage application volume up 4.1% last week, the Mortgage Bankers Association said.

A large number of small businesses that closed in March — when restrictions around social movements when into effect — are not going to reopen even when the situation improves, according to Raghuram Rajan.

Data from scheduling firm Homebase shows that the labor market recovery has reversed in some of the states hardest hit by the virus, including Florida and Texas.

"If we all cared about our fellow citizens a little more, we will be resolving this crisis much sooner," BlackRock CEO Larry Fink told CNBC.

Construction of U.S. homes jumped 17.3% in June as some states reopened, but the pace still lags last year after this spring's massive slowdown in building activity due to the coronavirus outbreak.