Bloomberg President Joe Biden is discovering the limits of his power to boost world’s largest economy on his own, as congressional opposition to his sweeping stimulus plan hardened soon after he was inaugurated. While publicly urging Congress to swiftly pass his $1.9 trillion proposal — warning of rising unemployment, hunger and homelessness if lawmakers don’t act — Biden issued more ...

Bloomberg Prime Minister Boris Johnson pledged to do “whatever it takes” to help UK workers through the pandemic, in a further sign the government will extend its job support plan. Asked whether the furlough program would be extended past April if the UK remained under lockdown, Johnson said the government would “support livelihoods” as it had done through the crisis. ...

Bloomberg US credit card delinquencies reached record-low levels in 2020, as Americans took advantage of stimulus checks and adjusted their spending habits, according to a new report. Delinquencies on bank-issued cards stood at 1.53% in the third quarter of 2020, virtually unchanged from the previous quarter, after rising to 2.62% at the onset of the pandemic as millions of Americans ...