It appears bills introduced to increase Georgia's tax on cigarettes and vaping products may not move forward this session. Historically speaking, Georgia has not raised its tobacco tax since the early 2000s when Sonny Perdue was still governor.
With warm weather and relatively affordable living costs, Arizona has long been a popular destination for retirees. While the average monthly costs of the necessities (rent, groceries, healthcare and...
Although they are struggling to come up with a budget proposal of their own, Republicans are unified behind the idea that the federal deficit is the product of excess spending and therefore a problem to be solved by slashing government programs. Democrats, on the other hand, lay much of the blame for persistent budget shortfalls on the tax cuts that Republicans tend to push through every time they gain control in Washington. On Monday the liberal think tank Center for American Progress released
The US could potentially default on its debt in a few months, plunging the country into recession and causing millions to lose their jobs.
Not only is Elon Musk worried about troubled commercial real estate loans maturing during a period of spiked interest rates. He says it's the next crisis.
Economist Kevin Hassett rips the Biden administration's "stunning" lies about GDP, inflation and spending, arguing the president isn't investing in America as his tour says.
(Bloomberg) -- House Speaker Kevin McCarthy sent a letter to President Joe Biden on Tuesday demanding negotiations start on raising the US debt limit and outlined proposed spending cuts and regulatory changes that House Republicans would like to see attached. Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBanks in France Face More Than $1.1 Billion Fines After RaidsMarkets Are Wrong on US Rate-Cut Bets, BlackRock SaysAliba
The U.S. trade deficit in goods widened modestly in February as exports declined, potentially setting up trade to be a small drag on economic growth in the first quarter. The trade deficit increased 0.6% to $91.6 billion, the Commerce Department said on Tuesday. Economists polled by Reuters had forecast the goods trade deficit would be little changed at $91.0 billion.
The House Speaker seems to have embraced cuts previously outlined by various House Republicans.
President Biden's Fiscal Year 2024 Budget has proposed a series of major tax increases, totaling nearly $4.7 trillion, aimed at businesses and high-income individuals. These proposals include higher marginal tax rates on corporate, individual, and capital gains income; a new minimum tax on high-net-worth individuals; and increases to Medicare taxes. Several tax credits would also be expanded or created, offsetting the gross taxes by about $900 billion and resulting in a net tax increase of $3.8
Republicans don't want to cut entitlements. In fact, Social Security's biggest threat is what President Biden is proposing: Doing nothing.
"Maybe if you have a good chance to delay your purchase, it might be a good time to do so," the Case-Shiller Index economist said Monday.
A flat income tax plan from Kansas House Republicans would provide little benefit to the middle class while poor and rich taxpayers save far more.
Jeffrey Gundlach suggested stock investors should sell into equity rallies, especially when the S&P 500 reaches a range between 4,200 and 4,300.
LOS ANGELES (Reuters) -Walt Disney Co on Monday began 7,000 layoffs announced earlier this year, as it seeks to control costs and create a more "streamlined" business, according to a letter Chief Executive Bob Iger sent to employees and seen by Reuters. Several major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, according to a person familiar with the matter. Iger said Disney would begin notifying the first group of employees who are impacted by the workforce reductions over the next four days.
(Bloomberg) -- The Federal Reserve will keep raising interest rates despite traders betting otherwise as fears of a banking crisis convulse markets, according to BlackRock Inc.Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBanks in France Face More Than $1.1 Billion Fines After RaidsMarkets Are Wrong on US Rate-Cut Bets, BlackRock SaysAlibaba Shares Soar After Historic Overhaul Heralds IPO WaveThe world’s biggest money man
Members of the State House voted Monday on a tax for electric vehicle owners to charge their cars at public stations, since they don't have to pay gas tax. FOX 5 spoke to lawmakers on both sides of the debate.
With billions in supplemental funding to replenish stock sent to Ukraine, added benefits for the U.S. Army are emerging.
The World Bank just issued a bleak warning that the global economy could see its lowest growth rate in 30 years.
Republicans and Democrats are pointing fingers over the seeming lack of progress toward a deal to raise the debt limit, as lawmakers stare down what is likely to be a dramatic months-long stretch in their quest to avoid a default. And leaders from both sides aren’t signaling any signs of budging just yet. Speaker Kevin…
(Bloomberg) -- Italian Premier Giorgia Meloni’s government is preparing a new package worth €4.9 billion ($5.3 billion) that extends support to low-income families while weaning others off aid, according to people familiar with the matter.Most Read from BloombergBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsSaudi National Bank Chair Resigns After Credit Suisse RemarkSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksFBI Releases Files on Ivana TrumpThe money won’t re
