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Tobias BurnsThe Hill |
Fourth quarter economic growth eased to an annualized rate of 2.3 percent, shy of an expected 2.6 percent, as the economy heads into uncertain...
The Federal Reserve held interest rates steady on Wednesday after price increases ticked up over the last three months, suggesting inflation may still...
Top Senate Republicans want to pass their party’s wide-ranging agenda with two different acts by using a legislative process called budget...
Democrats are sounding highly dubious about working with Republicans on tax reform after President Trump said Thursday he’s interested in a...
Questions are swirling about what President Trump’s trade agenda is going to look like after Day 1 tariffs on traditional U.S. trading partners...
President Trump pumped the brakes on his plan to deliver wide-ranging tariffs as soon as he took office, slow-tracking and toning down changes to the...
Republican tax writers boosted pressure on the rest of their party on Tuesday to pass tax cuts as their top legislative priority. “We must make the...
Business executives are increasingly planning to modify their supply chains, citing the risk of disruption and cost concerns ahead of wide-ranging...
Former Maryland Gov. Martin O’Malley’s (D) team announced on Thursday that he’s received support from more than 50 current and former mayors in...
President-elect Trump talked tough on tariffs on his way to securing a resounding win for Republicans in November, and now businesses are preparing...
The federal government is launching an initiative to support foreign minerals projects that exclude China as part of an effort to bolster U.S....
Federal Reserve Governor Christopher Waller doubled down on more rate cuts and cooling inflation following higher price projections from the...
Former Speaker Newt Gingrich (R-Ga.) encouraged President-elect Trump and Republicans to pass tax cuts as part of a single wide-ranging...
The number of people quitting their jobs fell in November to the lowest level since the height of the pandemic as the number of job openings popped...
Labor groups applauded as businesses leveled sharp criticism Friday at the decision by the Biden administration to block the acquisition of...
Unemployment insurance claims dropped to their lowest level in a month, showing signs of health in the U.S. labor market amid a broader slowdown in...
Democrats are opening the door to collaborating with Republicans on a tax bill as the GOP faces several obstacles on the road to extending...
Third-quarter gross domestic product (GDP) was revised higher Thursday following a substantially stronger projection for U.S. economic performance...
Democratic senators launched an inquiry Wednesday into President-elect Trump’s nominee for IRS commissioner, former Rep. Billy Long (R-Mo.). They...
The Federal Reserve cut interest rates by a quarter of a percentage point Wednesday, in line with market expectations, even as inflation has...
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...
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...
President-elect Trump announced economist Michael Faulkender as his pick for deputy secretary of the Treasury on Wednesday, the second-highest...
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...
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...
Frozen potato producers are the target of multiple new federal lawsuits alleging that companies have been coordinating their prices through third-...
Republicans are facing some tough decisions regarding their desired tax cuts as one of their top legislative priorities, some of which have dogged...
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...
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...
Price increases have fallen to their lowest level in more than three years in the latest reading of the Federal Reserve’s preferred inflation...
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...
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...
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...