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Tobias Burns

Tobias Burns

The Hill

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Senate GOP blocks last-ditch votes on Biden finance nominees

The outgoing chair of the Senate Banking Committee is throwing in the towel on trying to confirm two key Biden administration appointees with just...

yesterday 0

The Hill

Tobias Burns

Hawley pitches massive increase to child tax credit

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...

yesterday 1

The Hill

Tobias Burns

Trump faces pressure to break GOP impasse over agenda

President-elect Trump is facing calls from House Republicans to settle a disagreement between the chambers on how the GOP should start tackling its...

14.12.2024 10

The Hill

Tobias Burns

Democrats fear more IRS cuts in funding fight with GOP

The White House and congressional Democrats are fighting to protect $20 billion in funds for the IRS as the tax collection agency faces significant...

11.12.2024 10

The Hill

Tobias Burns

Senate Democrats gauging interest in bill to extend tax benefits to Taiwanese companies

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....

10.12.2024 3

The Hill

Tobias Burns

Trump picks economist Faulkender for No. 2 position at Treasury

President-elect Trump announced economist Michael Faulkender as his pick for deputy secretary of the Treasury on Wednesday, the second-highest ranking...

04.12.2024 5

The Hill

Tobias Burns

These parts of Trump's tax cut law expire in 2026

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...

04.12.2024 10

The Hill

Tobias Burns

Job openings bounced in October on need for IT workers

The number of job openings and people quitting their jobs ticked upward in October while layoffs edged down, signaling a modest improvement in hiring...

03.12.2024 10

The Hill

Tobias Burns

Bipartisan bill would study AI's impact on banking, housing

A new bill with bipartisan support would commission studies on the use of artificial intelligence (AI) in the banking and housing sectors, where...

02.12.2024 10

The Hill

Tobias Burns

Trump Labor pick surprises unions, rattles business

President-elect Trump’s pick for Labor secretary has organized labor cheering and business groups sounding worried as the atypically labor-friendly...

02.12.2024 60

The Hill

Tobias Burns

Lawsuits target ‘potato cartel’ enabled by price data aggregators

Frozen potato producers are the target of multiple new federal lawsuits alleging that companies have been coordinating their prices through...

21.11.2024 10

The Hill

Tobias Burns

5 obstacles Republicans will face on the road to tax cuts

Republicans are facing some tough decisions regarding their desired tax cuts as one of their top legislative priorities, some of which have dogged the...

21.11.2024 10

The Hill

Tobias Burns

How Trump and Republicans could pay for new tax cuts

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...

19.11.2024 10

The Hill

Tobias Burns

Trump win sets up GOP battle between deficit hawks, tax cutters

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...

12.11.2024 4

The Hill

Tobias Burns

Sanders ignites Democratic battle over election loss

Democrats are pointing fingers and scrambling for answers over what went wrong with their message on the economy after a resounding loss by Vice...

07.11.2024 10

The Hill

Tobias Burns

Markets pop ahead of election results on solid service sector data

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...

06.11.2024 4

The Hill

Tobias Burns

Harris, Trump fight for edge on economy as key to victory

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...

05.11.2024 3

The Hill

Tobias Burns

Inflation falls to lowest level since 2021 in Fed’s preferred gauge

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,...

31.10.2024 8

The Hill

Tobias Burns

Businesses brace for Trump tariffs on Chinese goods

Businesses are preparing for the spate of new tariffs on Chinese goods promised by former President Trump on the campaign trail, making advanced...

30.10.2024 10

The Hill

Tobias Burns

Robinhood to offer trading contracts based on presidential race

Digital trading platform Robinhood will allow customers to place bets on the outcome of the presidential race through event-specific trading...

28.10.2024 100

The Hill

Tobias Burns

What to know about Trump’s tariff plans

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...

25.10.2024 10

The Hill

Tobias Burns

Sullivan: US is working with allies on mineral marketplace amid energy transition

The U.S. is working with allies to build a standardized international marketplace for metals and minerals central to the ongoing energy transition,...

23.10.2024 5

The Hill

Tobias Burns

Nobel laureates endorse Harris economic agenda

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...

23.10.2024 40

The Hill

Tobias Burns

Is this economy turning against cities? 

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...

23.10.2024 20

The Hill

Tobias Burns

IMF declares victory over inflation, boosts US economic outlook

International Monetary Fund (IMF) officials sounded a death knell for the post-pandemic inflation Tuesday and raised projections for U.S. economic...

23.10.2024 10

The Hill

Tobias Burns

Yellen sounds alarm on 'deeply misguided' tariffs as Trump digs in

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...

17.10.2024 10

The Hill

Tobias Burns

Five things to know about Harris and Trump on taxes

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...

15.10.2024 9

The Hill

Tobias Burns

IRS extends tax filing deadline for hurricane victims

Victims of Hurricanes Helene and Milton can expect various forms of tax relief, including an extension to file taxes and help with emergency...

11.10.2024 2

The Hill

Tobias Burns

What to know about the 2025 Social Security cost-of-living adjustment

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...

11.10.2024 20

The Hill

Tobias Burns

Trump pledges to nix double taxation for Americans abroad

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...

10.10.2024 3

The Hill

Tobias Burns

Fed shrugs off downturn concerns in latest minutes

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...

09.10.2024 4

The Hill

Tobias Burns

Despite sunny economic data, business leaders see clouds on the horizon

The September jobs report was another upside surprise for the postpandemic economy, and central bankers are projecting confidence about overall...

09.10.2024 10

The Hill

Tobias Burns

Benefits of Trump tax plans skewed toward wealthy: Analysis

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...

07.10.2024 3

The Hill

Tobias Burns

Port strike boosts pressure on Biden, Harris

President Biden and Vice President Harris may find themselves in an increasingly difficult position the longer the International Longshoreman...

04.10.2024 10

The Hill

Tobias Burns

Five things to know about the port strike

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...

02.10.2024 100

The Hill

Tobias Burns

Fed will help banks get cash in hurricane affected areas, Powell says

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...

30.09.2024 4

The Hill

Tobias Burns

Low-price home affordability increases as mortgage rates ease: report

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...

30.09.2024 4

The Hill

Tobias Burns

Harris closes gap with Trump on economy

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...

29.09.2024 20

The Hill

Tobias Burns

Democrats press corporations on lobbying spending ahead of tax fight

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...

26.09.2024 3

The Hill

Tobias Burns

Second quarter GDP locks in at 3 percent growth

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...

26.09.2024 6

The Hill

Tobias Burns

GOP senator opens door to tax negotiations in lame duck session

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...

26.09.2024 6

The Hill

Tobias Burns

UN debates green transition as energy reshapes global economies

New legislative initiatives geared toward the energy transition are beginning to reshape economic activity in different countries, and will be a major...

24.09.2024 4

The Hill

Tobias Burns

Andrew Grossman: Democratic chief tax counsel, House Ways and Means Committee

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...

24.09.2024 10

The Hill

Tobias Burns

Republicans rebuff global tax provision as Treasury implements possible workaround

House leadership and top Republican tax writers doubled down on their rejection this week of an international tax provision within an Organization for...

19.09.2024 4

The Hill

Tobias Burns

Powell pushes back on suggestion Fed got behind in rate cuts

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...

19.09.2024 20

The Hill

Tobias Burns

Senate Democrats aim to bolster tenant organizing in new housing bill

A new bill from Senate Democrats will expand organizing and advocacy protections for low-income tenants, one of a growing number of legislative...

18.09.2024 9

The Hill

Tobias Burns

5 ways the Fed’s rate cuts will affect workers and consumers

The Federal Reserve is widely expected to start cutting interest rates this week, marking an inflection point in the economy. The move is expected...

18.09.2024 10

The Hill

Tobias Burns

Democrats target tax avoidance before cuts expire in 2025

Democrats are going after tax avoidance from big companies and wealthy individuals as the debate on taxes heats up ahead of tax code expirations...

18.09.2024 10

The Hill

Tobias Burns

Trump sounds reversal on SALT deduction cap

Former President Trump sounded an about-face Tuesday on the controversial tax policy known as the SALT deduction cap, breaking from a major provision...

17.09.2024 2

The Hill

Tobias Burns

Chinese maritime cranes pose national security risk at ports, House GOP warns

U.S. reliance on Chinese maritime cranes is presenting a national security risk since the cranes can be accessed remotely with built-in modems,...

13.09.2024 10

The Hill

Tobias Burns

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