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Tobias BurnsThe Hill |
Rhetoric is heating up on competing visions for taxes from Democrats and Republicans ahead of the 2024 election, which will determine whether the...
The power of the dollar over weaker Asian currencies is attracting attention as the prospect of interest rate cuts by the Federal Reserve recedes over...
The stickiness of the post-pandemic inflation is raising questions about how effective high interest rates are at bringing down price increases –...
Votes are almost in from factory workers at a Volkswagen plant in Tennessee on whether to join the United Auto Workers (UAW), a decision that could...
A newly proposed change to the tax code would require greater specificity from the IRS when it comes to logging and correcting simple accounting...
Supporters of a bipartisan tax deal that sailed through the House in January are growing impatient as the measure stalls in the Senate amid Republican...
Tax day has arrived and most Americans have until 11:59 p.m. tonight in their local time zone to file their 2023 returns without incurring a late fee....
Producer prices rose less than economists expected in March after consumer prices came in hot, delivering a measure of relief to analysts and...
Economic data across multiple metrics is coming in hot, showing the strength of the U.S. economy and the persistence of inflation in the last mile of...
Policymakers are increasingly pointing to an immigration influx and a bolstered U.S. labor force as a main reason the economy did so well in 2023. The...
The April 15 tax filing deadline is less than a week away at a pivotal moment for U.S. tax administration, with the IRS undergoing big changes in the...
The U.S. trade deficit widened to $68.9 billion in February, the largest disparity since last April, as import values exceeded exports by more than...
Following higher than expected inflation and labor market readings in January and February on the tailwinds of a booming U.S. economy, Federal Reserve...
With two weeks until the 2024 tax deadline, only around 50,000 people have used the IRS’s new direct file online filing system, a number well shy of...
Nineteen million Americans are able to file their taxes using the IRS’s new free online filing program, according to an estimate released over the...
A new Biden administration report is raising questions about the cause of rising food prices, which have squeezed U.S. households for years after...
The U.S. Trade Representative is changing its definition of barriers to trade in its annual report on international trade estimates, throwing out...
Profits and inflation surged together in the aftermath of the pandemic, leading many market commentators to pin the blame for inflation on corporate...
Gross domestic product (GDP) and corporate profits both smashed expectations in the fourth quarter of 2023 as the knock-on effects of pandemic...
A blanket 10 percent tariff on imported goods floated by former President Trump could cost U.S. households around $1,500 per year, a new economic...
Eastern seaboard ports are preparing to accept shipments of goods being rerouted from the Port of Baltimore following the collapse of the Francis...
A newly finalized rule with more stringent requirements for meat products labeled as “Made in the USA” is being applauded by domestic meat...
Remarks last week by Federal Reserve Chair Jerome Powell about a spate of coming bank failures related to the faltering commercial real estate sector...
The February jobs report showed a labor market holding steady with better-than-expected employment growth in a cooler labor market. The unemployment...
Federal Reserve Chair Jerome Powell said Thursday that he expects to see some banks fail due to their exposure to the commercial real estate sector,...
Federal Reserve Chair Jerome Powell sounded sunny about the outlook for the U.S. economy during two days of testimony on Capitol Hill, during which...
Interest rates are becoming an increasingly partisan issue ahead of the 2024 election as Democrats exhort the Federal Reserve to slash rates and...
Former South Carolina Gov. Nikki Haley will make a public statement from Charleston, S.C., Wednesday, where she is expected to suspend her campaign in...
The Federal Reserve is not yet confident enough that inflation has been squashed to start cutting interest rates in order to juice the economy, Fed...
The switch to cleaner technologies and sources of energy is underway, thanks in part to major Biden administration investments, and the global economy...
The Consumer Financial Protection Bureau (CFPB) finalized a rule Tuesday to limit late payment fees issued by credit card companies, a move the agency...
Former President Trump is slated to visit the border Thursday in Eagle Pass, Texas — part of dueling visits to the border by he and President Biden....
The IRS is getting serious about going after rich tax cheats, announcing a string of new enforcement measures in recent weeks aimed at wealthy...
The proposed merger between credit card companies Capital One and Discover has Democrats on the House Financial Services Committee up in arms about...
The direct file online tax return system from the IRS will open for a limited time to new users at 5 PM, the agency announced Tuesday. The pilot...
Corporate jet owners and operators are bristling at the dozens of additional audits that are coming their way later this spring as announced this week...
Republican senators introduced legislation Monday that would ban official cryptocurrencies backed by central banks, a type of proposed digital asset...
The Internal Revenue Service said Wednesday it's ramping up audits of corporate jets to collect more in unpaid taxes as part of its push to increase...
The 2017 Trump tax cuts are on the line in the election this year, with Republicans hoping a sweep of Congress and the White House will allow them to...
The new free online tax filing program from the IRS is now moving beyond its initial tranche of pilot states without an income tax. The IRS said...
Wholesale and retail prices rose more than expected in January, data pointing to the stubbornness of inflation that could lead the Federal Reserve to...
IRS Commissioner Danny Werfel took the hot seat in the House Ways and Means Committee on Thursday morning at a dynamic moment for U.S. tax policy and...
Investors bought more than a quarter of lower-priced homes in the fourth quarter of 2023 as mortgage rates and home prices hover well above their...
The IRS is treading carefully with the launch of a free online tax filing system as the agency and its ambitious project face intense political...
Central banks around the world are considering interest rate cuts following one of the fastest monetary tightening cycles on record in response to...
Consumer prices in China are deflating at a rapid pace as the country’s economy struggles to right itself after pandemic-era disruptions. China’s...
Federal Reserve Chair Jerome Powell's warning about the “unsustainable” national debt is raising questions about the depth of the country's fiscal...
Job growth soared past expectations in January and wages rose faster than inflation, exhibiting more strength at the start of an election year in...
A tax deal that includes business tax breaks and an expansion of the child tax credit (CTC) was cleared the House on Wednesday night in a vote of 357...
Private payrolls came in well shy of expectations in January amid broader strength in the labor market, new data shows. The number of workers added to...
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