President Biden’s $2.3 trillion infrastructure plan has yet to win over a single Republican in Congress, but it is broadly popular with voters nationwide, mirroring the dynamics of the $1.9 […]
Biden’s Tax Plan Aims to Raise $2.5 Trillion and End Profit-Shifting
WASHINGTON — Large companies like Apple and Bristol Myers Squibb have long employed complicated maneuvers to reduce or eliminate their tax bills by shifting income on paper between countries. The […]
Fear of Inflation Finds a Foothold in the Bond Market
There is little evidence for a big jump in prices, but some economists and bond investors fear President Biden’s policies could lead to inflation. By Nelson D. Schwartz The so-called […]
$29 Billion Railroad Merger to Connect U.S., Mexico and Canada
The deal is an effort by Canadian Pacific and Kansas City Southern to capitalize on an expected increase in the flow of trade as the three countries rebound from the […]
Opinion | Too Many Smart People Are Being Too Dismissive of Inflation
We are all, to one degree or another, shaped by early experiences. My father grew up during the Depression and never lost his fear of debt. I spent an early […]
Economists grow more upbeat about US economy, survey says
NEW YORK (BLOOMBERG) – Business economists are growing more upbeat about the US economy’s prospects this year, while a greater share anticipate stronger sales and more hiring over the next […]
Biden Plans Executive Action to Expand Food Stamps and Speed Stimulus Checks
The president’s latest executive orders include an effort to protect employees who fear for their safety from coronavirus infection at work. By Jim Tankersley WASHINGTON — President Biden will issue […]
US Q1 budget deficit surges to record US$573 billion amid pandemic
WASHINGTON (AFP) – As spending remained high amid the coronavirus pandemic, the US budget deficit surged by 61 per cent in the first three months of the 2021 fiscal year, […]
Opinion | The Ghost of Sabotage Future
The not-a-stimulus deal Congress reached over the weekend — seriously, this is about disaster relief, not boosting the economy — didn’t come a moment too soon. Actually, it came much […]
US Fed opens policy final 2020 meeting amid uncertain economy
WASHINGTON (AFP) – US central bankers on Tuesday (Dec 15) opened their final policy meeting of the year to review how best to support the economy as the Covid-19 vaccine […]