|
Tobias BurnsThe Hill |
The outgoing chair of the Senate Banking Committee is throwing in the towel on trying to confirm two key Biden administration appointees with just...
Sen. Josh Hawley (R-Mo.) is proposing a huge expansion of the child tax credit (CTC), setting up a potential fight with budget hawks as GOP lawmakers...
President-elect Trump is facing calls from House Republicans to settle a disagreement between the chambers on how the GOP should start tackling its...
The White House and congressional Democrats are fighting to protect $20 billion in funds for the IRS as the tax collection agency faces significant...
Senate Democrats are considering a bill to give tax breaks to Taiwanese companies, gauging interest in using a fast-track process to pass it into law....
President-elect Trump announced economist Michael Faulkender as his pick for deputy secretary of the Treasury on Wednesday, the second-highest ranking...
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to...
The number of job openings and people quitting their jobs ticked upward in October while layoffs edged down, signaling a modest improvement in hiring...
A new bill with bipartisan support would commission studies on the use of artificial intelligence (AI) in the banking and housing sectors, where...
President-elect Trump’s pick for Labor secretary has organized labor cheering and business groups sounding worried as the atypically labor-friendly...
Frozen potato producers are the target of multiple new federal lawsuits alleging that companies have been coordinating their prices through...
Republicans are facing some tough decisions regarding their desired tax cuts as one of their top legislative priorities, some of which have dogged the...
President-elect Trump and Republican lawmakers are gearing up to push a massive tax-cut bill through Congress next year but will face pressure to find...
President-elect Trump’s election win is setting up a fight among Republicans over cutting taxes and reining in the deficit as the party inches...
Democrats are pointing fingers and scrambling for answers over what went wrong with their message on the economy after a resounding loss by Vice...
Stocks closed sharply higher Tuesday as activity in the U.S. services sector jumped to a more than two-year high, displaying underlying strength in...
The results of the presidential election could come down to which candidate has convinced the American people that they are the best choice to handle...
Price increases have fallen to their lowest level in more than three years in the latest reading of the Federal Reserve’s preferred inflation gauge,...
Businesses are preparing for the spate of new tariffs on Chinese goods promised by former President Trump on the campaign trail, making advanced...
Digital trading platform Robinhood will allow customers to place bets on the outcome of the presidential race through event-specific trading...
Former President Trump is going all in on the idea of tariffs as a way of lifting the U.S. economy, bucking criticism from think tanks, labor and big...
The U.S. is working with allies to build a standardized international marketplace for metals and minerals central to the ongoing energy transition,...
Winners of the Nobel Prize in economics are backing Vice President Harris’s vision for the economy, calling it “vastly better” to that of former...
The economic effects of the pandemic on the urban real estate market are well known: spiking rents and mortgage rates, a large dip in sales, and an...
International Monetary Fund (IMF) officials sounded a death knell for the post-pandemic inflation Tuesday and raised projections for U.S. economic...
Treasury Secretary Janet Yellen will call out plans to vastly increase the scale of U.S. tariffs in a Thursday speech to the Council on Foreign...
Tax policy is set to take center stage after the election, as major portions of the tax code are due to expire by the end of 2025. Key portions of...
Victims of Hurricanes Helene and Milton can expect various forms of tax relief, including an extension to file taxes and help with emergency...
The Social Security Administration this week announced a 2.5-percent cost-of-living adjustment (COLA) for this year, a more modest increase in the...
New to the list of former President Donald Trump’s campaign tax proposals is a plan to end double taxation for Americans living overseas. “I...
Despite recent concerns among business leaders that the economy may enter a contraction some time in the next six months, U.S. central bankers see the...
The September jobs report was another upside surprise for the postpandemic economy, and central bankers are projecting confidence about overall...
A new analysis of tax proposals put forward by former President Trump has found they would amount to tax cuts for the wealthiest Americans and tax...
President Biden and Vice President Harris may find themselves in an increasingly difficult position the longer the International Longshoreman...
Dockworkers and longshoremen in east coast ports are now on strike in a major labor action with real consequences for the U.S. and international...
Federal Reserve Chair Jerome Powell said Monday that the Fed can help regional and local banks in hurricane-affected areas of the country make sure...
Less-expensive "starter" houses are becoming more affordable as mortgage rates are coming down, a trend that’s being bolstered by a recent boost to...
Vice President Harris is gaining steam with voters on the economy, just as the economy itself is showing new signs of its strength. The economy is the...
Democrats want to know how much big companies are paying major lobbies to lean on lawmakers ahead of the tax code expirations that are set for next...
U.S. gross domestic product (GDP) grew at an annualized rate of 3 percent in the second quarter, showing an impressive performance for the economy...
Sen. Mike Rounds (R-S.D.) said Wednesday there could be an opportunity during the lame duck session of the current Congress to negotiate a deal on...
New legislative initiatives geared toward the energy transition are beginning to reshape economic activity in different countries, and will be a major...
Congress is approaching a big year for taxes as swaths of the U.S. tax code, which was last updated in 2017, are due to expire in 2025. Few are more...
House leadership and top Republican tax writers doubled down on their rejection this week of an international tax provision within an Organization for...
The Federal Reserve cut interest rates by a half-percentage point Wednesday and is projecting another half-percentage point cut over the course of its...
A new bill from Senate Democrats will expand organizing and advocacy protections for low-income tenants, one of a growing number of legislative...
The Federal Reserve is widely expected to start cutting interest rates this week, marking an inflection point in the economy. The move is expected...
Democrats are going after tax avoidance from big companies and wealthy individuals as the debate on taxes heats up ahead of tax code expirations...
Former President Trump sounded an about-face Tuesday on the controversial tax policy known as the SALT deduction cap, breaking from a major provision...
U.S. reliance on Chinese maritime cranes is presenting a national security risk since the cranes can be accessed remotely with built-in modems,...