Solar energy could power 40 percent of America’s electricity by 2035 according to a report released Wednesday by the Department of Energy. The Solar Futures Study also said solar power could employ as many as 1.5 million people in that same time frame. According to the report, the U.S. added a record 15 gigawatts (GW)…

The August jobs report released Friday indicated a slowdown in jobs added compared to the previous two months. 235,000 jobs were added in August, compared to about 1 million jobs a month in June and July. The video above show President Joe Biden discussing the report. “While I know some wanted to see a larger number…

Federal reserve officials exert too much influence over financial markets and economic outcomes. It’s time to confront the increasing dominance of our central bank.

Federal Reserve Chair Jerome Powell said the Fed will begin to dial back some of the pandemic-era adjustments made to keep the economy going during the height of COVID. His announcement came during his keynote speech at an annual gathering of central bankers and academics. The Fed will taper off its $120 billion a month…

Despite the emergence of the Delta variant, the U.S. economy will likely grow in the months ahead. But the impact on businesses both at home and abroad will be significant.

As the United States pulled out of Afghanistan, China strengthened its relationship with the Taliban. Many speculate that China’s looking to take advantage of Afghanistan’s natural resources and overall economy as a part of its Belt and Road Initiative.

The Biden administration announced Monday it would increase food stamp benefits by the single largest amount in the program’s history starting in October. Average benefits for the Supplemental Nutrition Assistance Program, or SNAP, will go up more than 25 percent compared to pre-pandemic levels. It will replace a 15 percent increase in SNAP benefits put in…

Democrats unveiled their new plan for budget reconciliation Monday, and it did not include raising the debt ceiling. Republicans had been saying this is something Democrats need to do on their own, pushing them to pass a ceiling increase though reconciliation, which needs just 50 votes. For months, Treasury Secretary Janet Yellen has been begging…

President Joe Biden announced Thursday United States automakers set the goal of having 40-50 percent of their auto sales originate from electric cars by 2030. Only 2.2 percent of new vehicle sales were fully electric vehicles through June, according to Edmunds.com estimates. That’s up from 1.4 percent at the same time last year. The video above…

WASHINGTON (AP) — Hiring surged in July as American employers added 943,000 jobs. The unemployment rate dropped to 5.4% another sign that the U.S. economy continues to bounce back with surprising vigor from last year’s coronavirus shutdown. The July numbers exceeded economists’ forecast for more than 860,000 new jobs. Hotels and restaurants, reopening and doing…