U.S. lawmakers consider tax incentives to help increase affordable housing supplies
Congress is taking a close look at the need for more affordable housing across the country.
Recommended Stories
MoneyWise'10 years left': This famed geopolitical analyst says China will collapse in the next decade — here are 3 key numbers that could support his contrarian forecast
But is China really that fragile?
- The Fiscal Times
‘Five-Alarm Fire’: White House Slams GOP Budget Proposal
The White House on Monday launched what it says will be a week-long offensive slamming Republicans over what it calls a “draconian” budget plan proposed by the right-wing House Freedom Caucus. House Republicans led by Speaker Kevin McCarthy have yet to roll out their official budget plan. Their blueprint has been delayed as the party reportedly struggles to find consensus on proposals to cut spending. But the White House is honing in on budget demands released this month by the House Freedom Cau
- WOFL
Disney to layoff thousands: report
After announcing a plan to slash nearly 7,000 jobs, Disney is reportedly instructing managers to propose budget cuts and put together lists of employees to be laid off in the coming weeks.
- Barrons.com
The Fed Gets a Dose of Its Own Medicine. Rate Hikes Have Dried Up Its Income Stream.
The Federal Reserve used to send billions in remittances to the Treasury. Interest-rate increases have rapidly changed that, Allan Sloan writes.
- Fox News
California Gov. Newsom strikes deal to punish fossil fuel companies after first proposal rejected
California Gov. Gavin Newsom agreed to a watered-down proposal punishing Big Oil companies for charging high prices after a more aggressive version was swatted down.
- GOBankingRates
7 States Considering More Stimulus Checks in 2023
Back in 2020, things were looking bleak with the Covid-19 pandemic raging and uncertainty about what was to come next. Then, there was some light in the midst of all the darkness when it was announced...
- The Desert Sun
Newsom touts lithium development near Salton Sea, counters rural fears
"We're as dumb as we want to be," he said of rural communities' opposition to major solar, wind projects slicing through their backyards.
- Reuters
US House Speaker McCarthy says he told Biden lack of debt talks jeopardizes economy
U.S. House Speaker Kevin McCarthy said on Sunday that he confronted President Joe Biden about a lack of negotiations on the $31.4 trillion U.S. debt ceiling last week and told the president he is putting the economy at risk. McCarthy, the top Republican in the House of Representatives, first met with Biden on Feb. 1.
- GOBankingRates
Tax Cuts: 50% of States Are Pushing for Reductions or Eliminating Taxes Altogether
While the federal government is dealing with a debt ceiling crisis, many local states have a cash surplus: so-called "rainy day funds." In fact, 27 states are now considering cutting taxes (or...
- BBC
Sri Lanka: $3bn IMF bailout for struggling economy
The deal is a lifeline for the country which is facing its worst economic crisis in over 70 years.
- Kansas City Star
Worker sends $140K to friends and family through Missouri unemployment fraud, feds say
The 63-year-old woman recently pleaded guilty, records show.
- Business Insider
Goldman Sachs slashes its oil price target as banking fiasco boosts recession fears
Goldman said slower economic growth could materialize in the aftermath of the Silicon Valley Bank collapse because of tighter lending standards.
- BBC
The US interest-rate decision the world is watching
Can the Federal Reserve continue to raise interest rates in the middle of a banking panic?
- Kansas City Star
Highway funding fight could run MO Gov. Parson’s I-70 expansion plan off the road
Republican lawmakers are trying to pass a constitutional amendment to give the Missouri General Assembly more power over transportation funding.
- Miami Herald
How will the banking crisis impact the Fed? Higher rates and recession may be imminent
The Federal Open Market Committee will meet March 21-22.
- The Olympian
Olympia eyes property tax increase as potential source for climate response funding
There are several funding options, including increasing property, sales, private utility or municipal utility tax rates.
- CBS-Pittsburgh
Tax time: Minimizing the amount of federal tax owed on social security benefits
For a growing part of America's population, taxing social security can be a nasty surprise.
- Miami Herald
Voters may be asked to reduce annual property tax increases. Opponents ask: At what cost?
A proposed constitutional amendment for the 2024 ballot would lower the cap on annual increases in assessed home value to 2%.
- The Oklahoman
Guest: If Oklahoma wants businesses to thrive here, fixing state tax code is key
Guest: If we want businesses to thrive in Oklahoma, why are we taxing them simply for existing?
- The Telegraph
Government debt reaches 99.2pc of GDP as borrowing hits February record
The Government borrowed a record amount in February as the bill for its energy support scheme racked up.