Latest News Updates From Josh Boak

WASHINGTON — President Joe Biden wants Congress to know he’s sincere about cutting a deal on infrastructure, but the White House is also highlighting needed repairs and upgrades state-by-state that cost far more than what Republicans are willing to spend.

The U.S. economy is projected to grow at a robust 4.6% annual rate this year, but employment isn’t expected to return to pre-pandemic levels until 2024, the Congressional Budget Office said Feb. 1.

Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale.

U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected.

WASHINGTON — U.S. sales of new homes jumped 7.9% in January to the fastest pace in more than 12 years, a positive sign for economic growth.

WASHINGTON — U.S. employers downshifted their hiring in December, adding 145,000 jobs as consumer spending appeared to aid gains in the retail and hospitality sectors.

BALTIMORE — U.S. companies added 202,000 jobs in December, led by robust hiring in construction, trade, transportation and utilities, according to a private survey.

WASHINGTON — U.S. manufacturing activity fell to the lowest level in more than a decade, as the sector was hurt by weakening demand and last year’s global economic slowdown.

WASHINGTON — Home-buying slumped in November, with some Americans priced out of the market by rising prices or constrained by a shortage of sales listings.

WASHINGTON — U.S. home building jumped 3.8% in October, a positive sign for the overall economy as developers anticipate steady demand.