As the Democratic party tries to reach agreement, here are key proposed categories for the spending, along with the types of tax hikes planned.
The discussion around energy usage is picking up for crypto miners, and Canaan is feeling the pain today.
Backers of the so-called Secure Act 2.0 hope to marshal bipartisan support for measures to expand access to workplace retirement accounts and encourage catch-up savings for older workers.
Nine lawyers allied with former President Donald Trump were ordered Thursday to pay Detroit and Michigan a total of $175,000 in sanctions for abusing the court system with a sham lawsuit challenging the 2020 election results
(Bloomberg) -- Securities and Exchange Commission Chair Gary Gensler zeroed in on his concerns about exchange-traded funds that directly hold Bitcoin, the latest snub to hopes that the long-desired product would gain clearance by U.S. regulators. Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female Founders‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsReliving the New York Subway Map DebateAutomating the War on Noise Pollution‘Pension Poachers’ Are Targeting America’s
Shares of Digital World Acquisition Corp (DWAC), the blank check company tied to former President Trump's social media firm, soared as much as 20% on Thursday amid a report of efforts to raise $1 billion.
A bipartisan think tank warned on Friday the U.S. government could start missing payments on its bills as soon as Dec. 21 if Congress fails to raise the debt limit, as top Democrats and Republicans sought a path around such a financial calamity. The Bipartisan Policy Center's projection, based on updated official data on tax receipts and government spending, underscores the mounting pressure on President Joe Biden's Democratic Party to find a way to raise the statutory $28.9 trillion debt limit and avoid the heavy economic repercussions that could come with missed payments.
President Joe Biden has signed a short-term funding bill to keep the government open until Feb. 18, 2022, narrowly averting a shutdown that loomed for Friday, the White House said. At the top of earlier remarks on the November jobs report Friday, Biden teased he would sign the bill before heading to Camp David for the weekend and said the action represents the "bare minimum" of what Congress should do. The president also thanked House Speaker Nancy Pelosi and Majority Leader Chuck Schumer for their leadership on getting the bill passed and called for them to start working now on a full-year funding bill.
Social Security—one of America's most popular benefit programs—is wholly run by the government. Does that make Social Security socialism?
The Bipartisan Policy Center updated its "X date" projections to fall between December 21 and January 28, 2022.
With valuations of cryptocurrencies surging—the “joke” token Dogecoin is up 49,000%—clients need to face the tax implications of their digital assets. Regardless of what President Biden’s ultimate budget bill looks like, we know it will include numerous and significant tax changes. It’s far from a certainty that President Biden’s ambitious Build Back Better bill will make it into law, but should the social-spending and climate-change package cross the finish line, there are already a few mechanisms to pay for it that will likely survive the final negotiations.
(Reuters) -Vietnam and Taiwan again exceeded the U.S. Treasury's thresholds for possible currency manipulation and enhanced analysis under a 2015 trade law, but the department on Friday refrained from formally branding them as manipulators. Switzerland also narrowly escaped triggering all three manipulation criteria in the Treasury's latest semi-annual currency report, thanks to revised, broader measurements for trade and current account surpluses and foreign exchange market interventions. All three had tripped the Treasury's thresholds in April https://www.reuters.com/business/us-says-vietnam-switzerland-taiwan-violate-currency-thresholds-2021-04-16 prompting more intensive U.S. engagement to revise their practices.
Photo Illustration by Thomas Levinson/The Daily Beast/GettyIn 2020, Democrats were given a chance to lead. And while it’s too soon to declare this presidency an abject failure, things are not looking good. Joe Biden continues to be plagued by COVID, disappointing jobs reports, and anemic approval ratings. If all goes as expected, the Republican Party will recapture Congress next year. But then what?As long as Biden is president, Republicans can simply be the resistance party. But at some point,
LAHORE, Pakistan (Reuters) -A mob of factory employees in eastern Pakistan tortured and burned a Sri Lankan manager on Friday over apparent blasphemy in a "horrific" attack that Prime Minister Imran Khan said brought shame on the country. A police official in the eastern town of Sialkot, who spoke on condition of anonymity because of the sensitivity of the case, said investigators believed the attackers had accused the manager of blasphemy for tearing down a poster with Islamic holy verses. "The factory workers tortured the manager," said provincial government spokesman Hassan Khawar.
FTC sues to block Nvidia’s $40 billion deal for Arm, lawmakers approve stopgap government funding, Google delays required return to office, and other news to start your day.
Russian President Vladimir Putin is amassing a force expected to total 175,000 troops near the border with Ukraine, giving him the capability for a potential invasion of his neighbor by early 2022, U.S. officials said.
The main trucking lobbies in Canada and the United States are warning that vaccine and testing requirements for workers will further disrupt supply chains because there is already a dire shortage of drivers. Canada will require vaccines for truck drivers starting in January, while the Biden administration has issued rules requiring truck drivers at companies with 100 or more employees to be vaccinated or submit to weekly testing. For most of the pandemic, truckers crossed the border regularly as they were considered essential workers to keep supply chains flowing.
The United States, European Union, Britain and Canada slapped simultaneous sanctions Thursday on dozens of officials, organizations and companies in Belarus, with the EU taking aim at those accused of participating in a “hybrid attack” on the bloc using migrants. The three countries and the 27-nation EU have targeted Belarus since President Alexander Lukashenko won a sixth term last year in an election that the West and other observers say was fraudulent, and over the security crackdown on peaceful protestors that followed. The U.S. State Department said the U.S. Treasury has “identified three aircraft as blocked property and designated 32 individuals and entities, including Belarusian state-owned enterprises, government officials, and other persons, who support the regime and facilitate its repression.”
Yahoo Finance's Rick Newman takes on Fed policy, energy, and "the virus still in charge."
In 2022, retirees will receive more money in each Social Security check. While this may seem like a generous income bump, there's one other number older Americans need to know that shows why this raise really isn't good news at all -- and is actually likely to leave them falling further behind financially. For retirees who are excited about their Social Security raises, the latest data from the Bureau of Labor Statistics (BLS) shows why this COLA is actually not very generous at all.
Blinken said the United States is resolutely committed to making sure Taiwan has the means to defend itself. He also said that China had been trying to change the status quo across the Taiwan Strait in recent years.