President Joe Biden goes into next year’s election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it.

United States domestic oil production has hit an all-time high last week, contrasting with efforts to slice heat-trapping carbon emissions by the Biden administration and world leaders.

The politics of inflation took a sharp turn with a new report showing consumer prices rose at the slowest pace since the early months of Joe Biden’s presidency.

The U.S. Senate has narrowly confirmed Jared Bernstein to be the chairman of the White House Council of Economic Advisers.

President Joe Biden’s next pick to lead the Council of Economic Advisers is bracing for a barrage of political attacks centered on how the White House has tackled inflation.

President Joe Biden has named Federal Reserve Vice Chair Lael Brainard as the new director of his National Economic Council.

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.

President Joe Biden is paying a steep price for high inflation.

President Joe Biden enters the midterm election year of 2022 determined to address what economists call a “supply” problem.

Labor Day 2021 represents a perilous crossroads for millions of Americans.

A new poll from The Associated Press-NORC Center for Public Affairs Research finds that 54% of Americans judge the economy to be in poor shape.

The Biden administration is giving a bit of simple advice to businesses that are unable to find workers: Offer people more money.

President Joe Biden insists an unexpected slowdown in companies’ hiring is clear new proof the U.S. needs the multitrillion-dollar federal boost he’s pushing.

WASHINGTON – President Joe Biden told Republican senators during a two-hour meeting Monday night he's unwilling to settle on an insufficient coronavirus aid package after they pitched their slimmed down $618 billion proposal that's a fraction of the $1.9 trillion he is seeking. AdRepublicans are tapping into bipartisan urgency to improve the nation's vaccine distribution and vastly expand virus testing with $160 billion in aid. Psaki said earlier Monday there is “obviously a big gap” between the $1.9 trillion package Biden has proposed and the $618 billion counteroffer. It also includes $20 billion to reopen schools compared to $170 billion in Biden's plan. The Republicans offer $40 billion for Paycheck Protection Program business aid.

WASHINGTON – President-elect Joe Biden is facing escalating pressure from competing factions within his own party as he finalizes his choice for secretary of defense. And facing massive governing challenges once he takes office on Jan. 20, Biden can perhaps least afford to lose the backing of the Democratic Party’s fiery progressive base. Nearly 100 House Democrats belong to the Progressive Caucus, which may wield significant influence over Biden's policy agenda as Democrats cling to their narrowest House majority in a century. Flournoy, meanwhile, had been seen as the leading candidate for defense secretary under a Democratic president since Hillary Clinton’s failed 2016 campaign. Biden has promised both to fight for big, bold policy changes and to compromise with Republicans.

WASHINGTON – President-elect Joe Biden is facing escalating pressure from competing factions within his own party as he finalizes his choice for secretary of defense. And facing massive governing challenges once he takes office on Jan. 20, Biden can perhaps least afford to lose the backing of the Democratic Party’s fiery progressive base. Nearly 100 House Democrats belong to the Progressive Caucus, which may wield significant influence over Biden's policy agenda as Democrats cling to their narrowest House majority in a century. Flournoy, meanwhile, had been seen as the leading candidate for defense secretary under a Democratic president since Hillary Clinton’s failed 2016 campaign. Biden has promised both to fight for big, bold policy changes and to compromise with Republicans.

As he did frequently while campaigning, Biden promised that the U.S. would eventually emerge with an economy that is dramatically reshaped to better stamp out economic inequality. Biden repeatedly evoked his work as vice president when the Obama administration oversaw the economic recovery following the 2008 financial crisis, noting that many of those on his newly formed economic team worked closely with him then. “We might have to ask Lin-Manuel Miranda, who wrote a musical about the first secretary of the treasury, Hamilton, to write another musical about the female secretary of the treasury,” Biden joked. The president-elect also selected Wally Adeyemo to be Yellen’s deputy, which would make him the first Black deputy treasury secretary. As he has in recent weeks, Biden repeated calls for Congress to pass immediate pandemic relief funding even before he takes office.

– With unemployment still high and the pandemic threatening yet another economic slump, President-elect Joe Biden is assembling a team of liberal advisers who have long focused on the nation’s workers and government efforts to address economic inequality. Biden also selected Wally Adeyemo to be Yellen’s deputy, which would make him the first Black deputy treasury secretary. “They’re fairly conventional liberal economists and experts.”Still, the Biden administration’s ambitious goals will face solid opposition from Republicans in Congress. She first made her mark in the Clinton orbit, and served as policy director for Hillary Clinton’s 2008 presidential race. Bernstein has also worked as a social worker and was an economist at the Economic Policy Institute, a labor-supported think tank.

With unemployment still high and the pandemic threatening yet another economic slump, President-elect Joe Biden is assembling a team of liberal advisers who have long focused on the nation’s workers and government efforts to address economic inequality. Biden also named Cecilia Rouse as chair of his Council of Economic Advisers, and Heather Boushey and Jared Bernstein as members of the council. Biden also selected Wally Adeyemo to be Yellen’s deputy, which would make him the first Black deputy treasury secretary. She first made her mark in the Clinton orbit, and served as policy director for Hillary Clinton’s 2008 presidential race. Bernstein has also worked as a social worker and was an economist at the Economic Policy Institute, a labor-supported think tank.

“There is so much work to do.”According to the Partnership for Public Service, a nonprofit organization that advises presidential candidates on the transition, Biden will have to name more than 4,000 political appointees to fill out his administration, including more than 1,200 requiring Senate confirmation. Those roles include leaders of the treasury and health and human services departments and the director of the National Economic Council. One person familiar with the transition planning said Buttigieg could also be an ambassador to the United Nations. If Biden wins, it's unclear how closely Trump administration officials would work with the incoming team. “Is it going to mean the Biden campaign’s not going to be able to conduct the transition?

She said the two sides would take stock on Tuesday, which she has staked out as the deadline if a deal is to be reached before the election. Pelosi is angling for the best deal she can get — maybe that’s now, maybe it’s later. And if history is any guide, prospects for a deal in the lame-duck session after the election could be dim. But the Senate GOP bill has failed once before, and Trump himself says it's too puny. For months she has been promising a COVID relief package of more than $2 trillion stuffed with Obama-era stimulus ideas.

Former Federal Reserve Chair Janet Yellen was among a team of advisers who briefed Joe Biden on Thursday about the economic fallout from the coronavirus. The presumptive Democratic presidential nominee and his newly chosen running mate, California Sen. Kamala Harris, participated in the briefing from separate, socially distanced tables at a hotel in Wilmington, Delaware. Word of Yellen's advising Biden is also significant because Biden's campaign had previously been guarded about who was providing it economic expertise. The group was also joined by the Biden campaign's senior policy advisor, Jake Sullivan. ___Associated Press Economic Writer Martin Crutsinger in New York contributed to this report.

As Republicans and Democrats fought to spin Thursday's jobs numbers to their advantage, both sides face tremendous political risks in navigating a delicate and defining issue heading into the presidential campaign's final months. Todays announcement proves that our economy is roaring back, Trump exulted to reporters at the White House after the June numbers were released. Jared Bernstein, a Biden economic adviser, encouraged Congress to adopt a new round of fiscal stimulus for unemployed Americans immediately. Biden has released his own plan to combat coronavirus, which calls for a massive surge in testing and required face masks for all people in public. Trump, however, focused on the best of the news, declaring that it would die with a Biden victory in November.

As Republicans and Democrats fought to spin Thursday's jobs numbers to their advantage, both sides face tremendous political risks in navigating a delicate and defining issue heading into the presidential campaign's final months. Todays announcement proves that our economy is roaring back, Trump exulted to reporters at the White House after the June numbers were released. Jared Bernstein, a Biden economic adviser, encouraged Congress to adopt a new round of fiscal stimulus for unemployed Americans immediately. Biden has released his own plan to combat coronavirus, which calls for a massive surge in testing and required face masks for all people in public. Trump, however, focused on the best of the new news, declaring that it would die with a Biden victory in November.

To have true justice in America, we need economic justice, Biden said this week in Philadelphia. The former vice president says the plans to be unveiled later this month will focus on housing, education and access to capital. Biden, who ran a centrist campaign to win the primary, was moving to the left on some economic issues before the virus hit. But as Biden and other alumni of the Obama administration can attest, grand ambitions sometimes meet more challenging realities. Austan Goolsbee, Obamas chief economic adviser during the 2008 campaign who later served on the Council of Economic Advisers, noted there was a similar concern during those years that simply reacting to the economic crisis could take the focus off progressive priorities.