Scott Horsley

China's trade surplus ballooned last month to a record $75 billion. Much of the increase came from a surge in exports to the United States.

China's trade surplus hit a record in November as exports to the U.S. soared by 46%. U.S. exports to China are also growing, but not as quickly.

Job growth in the U.S. slowed down sharply in November. The weaker-than-expected job gains could give fresh urgency to congressional negotiations over a new pandemic relief bill.

U.S. employers added just 245,000 jobs last month as the runaway pandemic continued to weigh on hiring. The unemployment rate fell to 6.7% from 6.9% in October.

The Labor Department likely will report Friday a sharp slowdown in job growth in November as a surge in coronavirus cases weighs on many businesses.

A bipartisan group of senators is proposing a nearly $908 billion compromise relief bill with millions of Americans about to fall off a cliff when benefits expire this month.

A bipartisan group of lawmakers is hoping to break the logjam that's been holding up pandemic relief in Congress. The clock is ticking for millions of people whose aid will expire later this month.

From unemployment benefits to eviction protections, most pandemic relief programs are set to expire in December. If the government doesn't extend help, millions of Americans will be in trouble.

President-elect Joe Biden has named more members of his economic team. It's a diverse and experienced group that Biden is counting on to help revive an economy hit hard by the coronavirus pandemic.

Claims for state unemployment benefits again rose last week, signaling ongoing weakness in the job market as coronavirus infections continue to soar.

The Dow Jones Industrial Average and S&P 500 hit new highs Tuesday. But millions of Americans are out of work and COVID-19 cases are soaring, with no relief in sight. Why are investors optimistic?

In the final weeks of his administration, President Trump is pushing through policies and making appointments that his successor will have to contend with.

President-elect Joe Biden reportedly plans to nominate Janet Yellen to be Treasury secretary. She would be the first woman to hold the job if confirmed

Joe Biden plans to nominate the former Federal Reserve chair as his Treasury secretary. She would play a leading role in helping the economy recover from the pandemic.

The Senate is expected to vote this week on the controversial nomination of Judy Shelton to the Federal Reserve's governing board. She appears to have support from a slim majority of senators.

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.

President-elect Biden must decide who will lead his economic team. Sen. Elizabeth Warren expressed interest in serving as Treasury secretary, but she faces some obstacles to winning the nomination.

U.S. employers added 638,000 jobs last month as the unemployment rate dropped to 6.9%. The U.S. has regained about half the jobs lost in March and April, but a pandemic surge may cloud the recovery.

U.S. employers added 638,000 jobs last month as the unemployment rate dipped to 6.9%. A winter spike in coronavirus infections threatens to further weaken job growth.

Partisan views are shaping opinions of the economy as the nation slowly digs its way out of the coronavirus recession.