According to the numbers released, the Dallas-Fort Worth metro area has the fastest job growth in the state right now. And the Texas economy as a whole had the second-strongest job growth on record.
- The Conversation
I helped balance the federal budget in the 1990s – here's just how hard it will be for the GOP to achieve that same rare feat
Bill Clinton, at right, oversaw the first balanced budget since 1969, with some help from a bipartisan deal with Newt Gingrich. AP Photo/Doug MillsKevin McCarthy reportedly promised many things to Republican hardliners en route to clinching his job as speaker of the U.S. House of Representatives. One of them was a “balanced budget” in 10 years. As part of that plan, Republicans are demanding substantial spending cuts and budget reforms in exchange for lifting the debt ceiling this year – putting
At a time when a retirement crisis is looming so badly that even members of Congress agreed to do something about it, they managed to make it even worse.
- Business Insider
China will lose half its population by the end of the century — and the ripple effects will be catastrophic
Fewer children = fewer workers = a shrinking economy. China's declining population will have catastrophic ripple effects on the global economy.
On Jan. 19, the U.S. officially hit its debt ceiling, having spent all of the $31.4 trillion available for expenditures as allocated by the Treasury. In the days since, conversations have become...
(Bloomberg) -- As Chicago struggles with rising crime and high-profile corporate departures, Mayor Lori Lightfoot has a message for business leaders: It’s time to be a cheerleader for their city. Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000National Archives Releases Records Tied to Trump Classified Documents8,000 Layoffs Don’t Exactly Scream Family ValuesPlenty of Americans Are Drinking Bleach,
- Argus Leader
Gov. Kristi Noem signed into law today a bill that cuts employer contributions for unemployment insurance by 0.5%.
India announced on Wednesday one of its biggest ever increases in capital spending for the next fiscal year to create jobs but targeted a narrower fiscal deficit in its last full budget ahead of a parliamentary election due in 2024. Prime Minister Narendra Modi's party has been under pressure to create jobs in the populous country where many have struggled to find employment, although the economy is now one of the world's fastest-growing. "After a subdued period of the pandemic, private investments are growing again," Finance Minister Nirmala Sitharaman said as she presented the 2023/24 budget in parliament.
Right now, the average price for a loaf of bread is, approximately, $1.87. Under a new law proposed by House Republicans, that price would go up to more than $2.50. This would be the result of the Fair Tax Act, … Continue reading → The post Congress to Vote on Whether to Abolish the IRS and Introduce One National Tax Rate appeared first on SmartAsset Blog.
- National Review
Twenty-Four Senate Republicans Sign Letter Demanding Spending Cuts as Condition for Debt-Ceiling Raise
Twenty-four Senate Republicans have signed a letter saying they will not support a debt-ceiling increase without spending cuts.
(Bloomberg) -- India will spend less on a food subsidy program that feeds 800 million people after the government stopped providing some grain for free. Most Read from Bloomberg8,000 Layoffs Don’t Exactly Scream Family ValuesNational Archives Releases Records Tied to Trump Classified DocumentsIntel Slashing CEO, Managers’ Pay in a Bid to Preserve CashPutin’s War in Ukraine Pushes Ex-Soviet States Toward New AlliesAdani Stock Crash at $92 Billion as Collateral Worries GrowSpending will be cut to
- USA TODAY
Republicans say Social Security and Medicare won't be part of debt ceiling negotiations between Speaker Kevin McCarthy and President Joe Biden.
- CBS MoneyWatch
Because inflation is easing, Fed is increasing rates at slower pace. But borrowing will still be more expensive.
- The Hill
Federal Reserve Chairman Jerome Powell will speak with the press following the conclusion of the Federal Open Market Committee meeting, which is expected to result in a quarter-point rate increase, the smallest hike in almost a year. The expected increase is the eighth in a series begun in March 2022 aimed at curbing high inflation.…
Fed officials are meeting today to decide the next step in their campaign of anti-inflation rate hikes, and economic reports gave them mostly ominous data to consider.
- USA TODAY
President Joe Biden is betting that spending cuts pushed by Republicans will prove so unpopular that some will scrap demands in debt limit talks.
- The New Voice of Ukraine
The IMF improved its forecast for global economics dynamics in 2023. The Fund is expecting now 2.9% growth. Previously it was 2.7%.
Ben Chu, Newsnight's economic editor, takes a closer look at the country's economic woes.
- Robb Report
People are decamping from California, New York and Illinois for states where the cost of living is lower.
Tens of thousands of tech-sector employees have been laid off so far in 2023, according to data compiled by Layoffs.fyi
Perhaps you're thinking about completing a few home renovation projects this year, but you're afraid you might not be able to afford them. Between inflation and supply shortages, prices for these...