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Tobias Burns

Tobias Burns

The Hill

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US economy grew 2.8 percent in 2024, but slowed to end year

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...

yesterday 20

The Hill

Tobias Burns

Fed holds rates steady as Trump tariffs loom, economy hums

The Federal Reserve held interest rates steady on Wednesday after price increases ticked up over the last three months, suggesting inflation may still...

previous day 3

The Hill

Tobias Burns

‘An exercise in political abuse’: Republicans face legislative gantlet with reconciliation

Top Senate Republicans want to pass their party’s wide-ranging agenda with two different acts by using a legislative process called budget...

previous day 5

The Hill

Tobias Burns

'Good luck with that': Democrats dubious of working with Trump on taxes

Democrats are sounding highly dubious about working with Republicans on tax reform after President Trump said Thursday he’s interested in a...

24.01.2025 6

The Hill

Tobias Burns

5 questions facing Trump on trade ahead of his Feb. 1 tariff deadline

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...

23.01.2025 30

The Hill

Tobias Burns

Trump pumps brakes on Day 1 tariffs

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...

21.01.2025 8

The Hill

Tobias Burns

House GOP tax writers call for cuts 'as soon as possible'

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...

15.01.2025 6

The Hill

Tobias Burns

CEOs are bracing for Trump tariff disruption: survey

Business executives are increasingly planning to modify their supply chains, citing the risk of disruption and cost concerns ahead of wide-ranging...

13.01.2025 6

The Hill

Tobias Burns

Over 50 current, former mayors endorse O’Malley in DNC chair bid

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...

09.01.2025 70

The Hill

Tobias Burns

How business is bracing for a US-China trade war

President-elect Trump talked tough on tariffs on his way to securing a resounding win for Republicans in November, and now businesses are preparing...

09.01.2025 10

The Hill

Tobias Burns

Export-Import Bank launches initiative to counter China's mineral dominance

The federal government is launching an initiative to support foreign minerals projects that exclude China as part of an effort to bolster U.S....

08.01.2025 1

The Hill

Tobias Burns

Fed’s Waller sees cooler inflation despite higher forecasts

Federal Reserve Governor Christopher Waller doubled down on more rate cuts and cooling inflation following higher price projections from the...

08.01.2025 1

The Hill

Tobias Burns

Gingrich urges Trump, GOP to pass tax cuts in 'one big, beautiful bill'

Former Speaker Newt Gingrich (R-Ga.) encouraged President-elect Trump and Republicans to pass tax cuts as part of a single wide-ranging...

08.01.2025 2

The Hill

Tobias Burns

Quits sink to lowest level since the height of the pandemic

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...

07.01.2025 2

The Hill

Tobias Burns

Labor groups cheer Biden dismissal of US Steel sale as businesses bristle

Labor groups applauded as businesses leveled sharp criticism Friday at the decision by the Biden administration to block the acquisition of...

03.01.2025 4

The Hill

Tobias Burns

Jobless claims fall to lowest level in a month

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...

26.12.2024 10

The Hill

Tobias Burns

Democrats open door to tax negotiations with divided GOP

Democrats are opening the door to collaborating with Republicans on a tax bill as the GOP faces several obstacles on the road to extending...

23.12.2024 2

The Hill

Tobias Burns

Third-quarter GDP marked higher, jobless claims ease as US economy flexes muscle

Third-quarter gross domestic product (GDP) was revised higher Thursday following a substantially stronger projection for U.S. economic performance...

19.12.2024 20

The Hill

Tobias Burns

Senate Democrats launch probe into Trump IRS nominee

Democratic senators launched an inquiry Wednesday into President-elect Trump’s nominee for IRS commissioner, former Rep. Billy Long (R-Mo.). They...

19.12.2024 10

The Hill

Tobias Burns

Fed cuts interest rates by quarter point despite firmer inflation

The Federal Reserve cut interest rates by a quarter of a percentage point Wednesday, in line with market expectations, even as inflation has...

18.12.2024 4

The Hill

Tobias Burns

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...

17.12.2024 5

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...

17.12.2024 4

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 4

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 4

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...

10.12.2024 4

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...

04.12.2024 1

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 2

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...

03.12.2024 7

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 2

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...

02.12.2024 50

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 third-...

21.11.2024 2

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...

21.11.2024 1

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...

19.11.2024 2

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 2

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 4

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...

05.11.2024 1

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...

31.10.2024 1

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 5

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 2

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...

25.10.2024 2

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 2

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...

23.10.2024 30

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 10

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 5

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 1

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 2

The Hill

Tobias Burns