OpenLine - 2022 Tax Return - P4
Mary Gillum, Director of Legal Aid Society's Low Income Taxpayer Clinic, answers callers' questions on what to do to best save money this tax season.
Mary Gillum, Director of Legal Aid Society's Low Income Taxpayer Clinic, answers callers' questions on what to do to best save money this tax season.
Seen as a sign of success and financial comfort, a six-figure salary has long been an important milestone for American workers. But the times have changed and $100,000 isn't quite what it used to be, especially as rampant inflation continues … Continue reading → The post What $100,000 Is Actually Worth in the Largest U.S. Cities – 2023 Study appeared first on SmartAsset Blog.
When the covid-19 pandemic hit, it reversed a steady decline from 2013 to 2019 in the number of Americans receiving food stamps. In 2020, their ranks grew by 12% from the previous year, to 40 million.
A former deputy governor of India's central bank says five big firms are hindering competition in the market.
Vietnam's economy slowed sharply in the first quarter of this year, with growth coming in at a much weaker than expected 3.3%, as its exporters were hit by rising costs and weaker demand, the General Statistics Office reported Wednesday. Vietnam has been one of the most dynamic economies in Asia in recent years, buoyed by strong foreign investment in manufacturing of electronics and other light industries. The decline is “a stark one which underscores the severity of the issue,” and is why the central bank cut its key lending rate earlier in March to help ease a credit crunch, Mizuho Bank researchers said in a report.
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
It’s been nearly two months since President Joe Biden and House Speaker Kevin McCarthy met in the Oval Office to discuss raising the nation’s debt limit. McCarthy, the California Republican, sent Biden a letter Tuesday pressing for another meeting, writing that the president and his team “have been completely missing in action on any meaningful follow-up to this rapidly approaching deadline.” Biden, McCarthy said, is “on the clock.” Biden responded in kind yesterday evening, essentially saying t
"That can only mean a recession is close at hand, one that would reduce inflation and be steep/deep enough to force the Fed to act," DataTrek said.
The US could potentially default on its debt in a few months, plunging the country into recession and causing millions to lose their jobs.
A Republican bill to repeal the food tax isn't really about helping struggling families. It's about sticking it to Democratic Gov. Katie Hobbs.
WASHINGTON (Reuters) -Senate Energy Committee Chair Joe Manchin said on Wednesday he may go to court after the U.S. Treasury releases guidance later this week on battery sourcing guidance for electric vehicle tax credits. "If it goes off the rails" and violates the intent of the climate legislation approved in August, "I will do whatever I can - if that means going to court and I can do it, I'd do it," said Manchin, a Democrat. Manchin said he is most concerned about how Treasury will classify processing and manufacturing in determining eligibility for $7,500 EV tax credits.
(Bloomberg) -- Read this in Japanese: 3兆ドルの日銀黒田レガシーが逆回転の恐れ、世界の金融市場に衝撃もMost Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureNew Yorkers Are Moving to These Three Florida Cities$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot MarketFBI Releases Files on Ivana TrumpScotiabank Economist Excoriates Trudeau, Freeland Over $32 Billion Spending BoostBank of Japan Governor Haruhiko Kuroda changed the course of global markets when he unleashed a $3.4 trillion firehose of Japa
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.
Nigeria's outgoing government has recommended that the new administration of president-elect Bola Tinubu give public sector workers pay rises after removing a fuel subsidy in June, Labour Minister Chris Ngige said on Tuesday. President Muhammadu Buhari, who steps down in May, had planned to remove the popular but costly subsidy in 2022 as part of fiscal and petroleum sector reforms, but abandoned the plan because of fears of protests in the run-up to last month's election. Previous Nigerian governments have promised to remove the fuel subsidy, which most economists say is an unsustainable drag on public finances, but have failed to do so because of fierce opposition from citizens.
The Wisconsin Policy Forum analyzed how much Wisconsin devotes to conserving land and water and how it compares to other states.
India's federal government plans to borrow 8.88 trillion rupees ($108.08 billion) - slightly above expectations - via bonds from the market in the first six months of the fiscal year starting April 1. The planned April-September borrowing constitutes about 57.6% of the total 15.43 trillion rupees planned for the current fiscal year, the government said in a statement on Wednesday. Borrowing in the first six months is slightly above market expectations of about 55% of this year's target.
The Federal Reserve's latest forecasts, disappointing economic data, and mounting pressure on banks signal a rising risk of recession, Siegel said.
(Bloomberg) -- President Joe Biden responded to House Speaker Kevin McCarthy’s demands that he begin negotiations over the debt ceiling by challenging Republicans to produce a public budget plan before departing Thursday for a two-week Easter recess.Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureFBI Releases Files on Ivana TrumpNew Yorkers Are Moving to These Three Florida CitiesBanks in France Face More Than $1.1 Billion Fines After RaidsMcKinsey Starts Eliminating
El-Erian warned “fallout” from recent banking stress is adding to pressure on the economy.
As lawmakers approach a looming debt ceiling deadline, the fight over what to do about entitlement programs like Medicare and Social Security has continued to play out across party lines. Republicans have demanded commitments on spending cuts from Democrats in exchange for raising the debt limit but have said entitlement programs are not on the…
Republicans want to expand work requirements on food stamps, cash assistance and health benefits to reduce federal spending and grow the labor force.