The budget proposal, which contains just over $17 billion in spending, includes higher education spending, a child tax credit for low-income families, and plans to make feminine hygiene products tax-exempt in Arizona.
They can't wait to get back on the road again.
“Think about people going back into the office,” said Gary Cohn on Sunday. “They need people to work in the buildings.”
In this article, we take a look at the 25 least developed countries in Asia. You can skip our detailed analysis of uneven economic development in Asia and go directly to the 10 Least Developed Countries in Asia. Asia is one of the fastest developing regions in the world, and is widely regarded as the […]
Russia's deficit widened to nearly $25 billion as lower energy revenue met with a surge in spending amid Putin's war on Ukraine.
Republicans are threatening to use the need to raise the nation’s $31.4 trillion debt limit as leverage in negotiations over the federal budget, with the goal of reducing spending in Washington. Thus far, however, they have not been able to say exactly what it is they want to cut. Former House Speaker Newt Gingrich says Republicans are planning their strategy now. “They’re in the middle of a conversation that is very healthy — lots of members have lots of ideas, and they’re in the process of sor
Last week's job report was a huge boost to the American economy, with 517,000 new jobs added (much more than the 187,000 projected by analysts) and unemployment at a 54-year low of just 3.4%. But,...
Gov. Whitmer has long promised to expanded a tax credit for low-income workers and enact a tax break for seniors. Here's her plan.
Another inflation spike could take hold in the U.S. economy as a result of China reopening its economy from COVID-19 lockdowns, according to one analyst.
Resilient employment data could spur the Fed to keep hiking interest rates, dragging down stocks and raising the risk of a recession, Siegel said.
New Hampshire Gov. Chris Sununu, a moderate Republican, said that President Biden would try to take credit for the economy ahead of his State of the Union speech next week but argued such achievements of the administration were not impressive. Sununu, who is considering a White House bid of his own, argued on ABC’s “This…
Corporate America can’t seem to be laying off workers fast enough. Yet job growth is still robust across the U.S. economy.
We might need an addendum to the old adage that there are decades in which nothing happens and weeks in which decades happen. Apparently, there are...
More Americans migrated to lower-tax, predominantly Republican-led states in 2022, with Texas and Florida seeing the biggest population growth last year.
(Bloomberg) -- Speaker Kevin McCarthy urged President Joe Biden to enter negotiations with Republicans on a “responsible” debt limit increase that avoids any US payments default while addressing the nation’s longer-term fiscal challenges.Most Read from BloombergQuake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsTurkey’s South Hit by a Second High-Magnitude EarthquakeDell to Cut About 6,650 Jobs, Battered by Plunging PC SalesUS Moves to Recover Chinese Balloon While Weighing RetaliationC
Bank of America CEO Brian Moynihan on Monday said the firm is preparing for the U.S. to default on its debt after surpassing its borrowing limit last month. Lawmakers are locked in talks about whether to lift the debt ceiling, with Republicans insisting on spending cuts before a deal to raise the limit is struck,…
More than 95,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of global tech layoffs this year has more than tripled since mid-January.
The U.S. just hit its debt limit, following Congress's failure to reach a deal to raise the debt ceiling. While the Treasury Department announced it would start implementing its "extraordinary...
“The country has been through a lot…But really we have a strong and resilient economy,” Yellen told ABC. “And inflation is coming down.”
China's rapid reopening is likely to fuel demand for commodities produced in abundance by Canada, potentially helping Canada's economy avoid a recession as long as it does not also force up inflation and spur further interest-rate hikes. The Bank of Canada last month hiked its key interest rate to 4.5%, the highest level in 15 years, and said the economy will stall in the first half of the year and could tip into recession. But analysts say a rebounding Chinese economy will likely fuel demand for Canada's major exports, including oil, natural gas, grain, cereals and other goods, making a much-desired soft landing for the economy more likely than previously thought.
"The dollar's dominance isn't under threat. And even if it were, it wouldn't be a big deal," the top economist said Friday.
