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Treasury Secretary Janet Yellen on Tuesday said she would not invest fully in a third government employee trust fund to stay below the debt ceiling.
Treasury Secretary Janet Yellen on Tuesday said she would not invest fully in a third government employee trust fund to stay below the debt ceiling.
(Bloomberg) -- Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonHong Kong to Give Away 500,000 Air Tickets to Revive TourismOPEC’s crude output edged lower last month as the group pressed on with an accord to keep global markets in balance.The Organization of Petroleum Exporting Countr
Right now, the average price for a loaf of bread is, approximately, $1.87. Under a new law proposed by House Republicans, that price would go up to more than $2.50. This would be the result of the Fair Tax Act, … Continue reading → The post Congress to Vote on Whether to Abolish the IRS and Introduce One National Tax Rate appeared first on SmartAsset Blog.
(Bloomberg) -- It’s been called a “carbon bomb” and a caribou killer. Now, climate activists have one final, brief window of opportunity to quash ConocoPhillips’s proposed $8 billion oil development in Alaska.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonHong Kong to Give Away 500,0
(Bloomberg) -- India’s parliament was adjourned for the day after pandemonium broke out when the upper house chair rejected opposition lawmakers’ demand for a debate on tycoon Gautam Adani’s tussle with a US short seller. Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonHong Kong to Gi
The Senior Citizen’s League says there ‘may be no COLA payable in 2024.'
(Bloomberg) -- Gautam Adani’s businesses have lost $108 billion in a week, one of the biggest wipeouts in India’s history, after an explosive report by short-seller Hindenburg Research forced him to pull a stock sale at the 11th hour and led some lenders to reject his securities as collateral for client trades.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionPorsche Blunder Puts $148,000 Sportscar on Sale for Ju
The debate might've been even weirder than we thought.
How is social security taxed in 2023? Here are the rules used to calculate how much you might owe on your benefits.
What to know in markets on Thursday, February 2, 2023.
(Bloomberg) -- Grab Holdings Ltd. hired Singapore politician Tin Pei Ling to run its government relations department, as the ride-hailing and delivery company faces regulatory changes in its biggest market.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonHong Kong to Give Away 500,000
(Bloomberg) -- Federal Reserve Chair Jerome Powell warned against any assumption that the central bank can rescue the economy if Congress fails to raise the federal debt ceiling — a move that could force the Treasury into a payments default.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonNational Archives Releases Records Tied to Trump
The surprise decline in weekly jobless claims reported by the Labor Department on Thursday raised cautious optimism that the economy could skirt a recession or just experience a shallow and short downturn. Federal Reserve Chair Jerome Powell told reporters on Wednesday that "the economy can return to 2% inflation without a really significant downturn or a really big increase in unemployment." "Some day soon economists will have to take down those calls for recession in 2023 because the labor market refuses to budge from the lowest unemployment rate in decades," said Christopher Rupkey, chief economist at FWDBONDS in New York.
A national-security review sparked concerns over TuSimple executives’ alleged technology transfer to China.
Here in the thick of tax season, those who earn money from freelance work and side-hustles may be wondering what obligations they have to report their income formally to the IRS. Well, in late December 2022, the IRS actually delayed … Continue reading → The post IRS Delays New $600 Reporting Rule for Gig Workers and Online Sellers to 2024: Here's What You Need to Know appeared first on SmartAsset Blog.
If the federal government fails to pay all of its obligations, U.S. could lose 6 million jobs, $12 trillion in household wealth and 4% of gross domestic product (GDP).
The latest round of U.S. military aid to Ukraine provides a $1.725 billion boost to defense stocks like Boeing, Raytheon, General Dynamics.
35% of Canadian homeowners can withstand today's interest rates for 10 months before being forced to sell, the survey found.
The allegations put a spotlight on the relationship between India's business and political elite.
Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday. The layoffs impacted 102,943 workers, a more than two-fold jump from December and an over five-times surge from a year earlier, according to the report from employment firm Challenger, Gray & Christmas Inc. Companies from Microsoft Corp to Amazon.com Inc and Goldman Sachs Group Inc cut thousands of jobs last month in a bid to ride out a demand downturn as consumer and corporate spending shrinks due to high inflation and rising interest rates.
When Donald Trump left office in early 2021, he was apparently on much thinner financial ice than almost anyone knew.That revelation, which three accounting experts confirmed upon reviewing Trump’s 2020 tax return, may help explain some of the financial and political moves the former president has made in the intervening years. Snowballing legal fees, along with other possible legal settlements and judgments, threaten to consume the