Bloomberg's Julie Fine and Jack Fitzpatrick report on Senate Republican Leader Mitch McConnell saying he'll finish out his term and the chances of government shutdown. They also discuss the federal government spending budget and Paxton's impeachment trial. Julie and Jack speak with Annmarie Hordern and Joe Mathieu on Bloomberg's "Balance of Power."
Many retirees plan to earn extra income to supplement their retirement spending. But how much can a retired person earn without paying taxes? The answer to this question varies based on your situation. Understanding the tax rules surrounding retiree income can … Continue reading → The post How Much Can a Retired Person Earn Without Paying Taxes? appeared first on SmartAsset Blog.
As US debt explodes, net interest payments are projected to become the single biggest expenditure by 2051, even topping Social Security.
Los Alamos was the perfect spot for the U.S. government’s top-secret Manhattan Project. Almost overnight, the ranching enclave on a remote plateau in northern New Mexico was transformed into a makeshift home for scientists, engineers and young soldiers racing to develop the world’s first atomic bomb. The community is facing growing pains again, 80 years later, as Los Alamos National Laboratory takes part in the nation's most ambitious nuclear weapons effort since World War II. The mission calls for modernizing the arsenal with droves of new workers producing plutonium cores — key components for nuclear weapons.
The Federal Reserve sees consumer spending as too hot only because it's looking through the rearview mirror. The road ahead looks bumpy.
(Bloomberg) -- The impact of a deeper economic deterioration in China will be mainly felt in Australia through weaker trade and reduced risk appetite in financial markets, Australian regulators said in a quarterly statement.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundIndia-Canada Clash Should Be a Wakeup CallBond Market Faces Quandar
Jeremy Hunt cheered falling inflation numbers last week, claiming the data showed his plan to fix the economy was working.
Prime Minister Narendra Modi aired security concerns to Western leaders in the months before the killing of a Canadian Sikh activist.
(Bloomberg) -- Representative Matt Gaetz, a key Republican holdout on a stopgap spending measure, said he’s ready for a multiday US government shutdown if that’ll get demands such as conservative border policies into the federal budget.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundIndia-Canada Clash Should Be a Wakeup CallBond Market F
The most important fighting in Ukraine right now is taking place in a few fields and tree lines near a southeastern agricultural village.
Even China's population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country's crisis-hit property market. China's property sector, once the pillar of the economy, has slumped since 2021 when real estate giant China Evergrande Group defaulted on its debt obligations following a clampdown on new borrowing.
Trudeau's popularity as measured by opinion polls has dropped as Canadians deal with a cost-of-living crisis, sparked by the central bank's record pace of interest rate increases to tame inflation. Trudeau has waded into a sensitive monetary policy debate and past comments on interest rates by his government and other provincial politicians have raised questions about the independence of the central bank.
The UAW strike against Detroit's Big Three continues, plus earnings from Nike, Costco, CarMax and Carnival Corp. are on tap. And FOX Business Network hosts the Republican debate.
(Bloomberg) -- With the northern hemisphere winter approaching and global diesel markets already tight, Russia has banned exports of the fuel that’s used for transportation, heating and industrial processes. Many analysts expect the halt to be temporary, but others see it as another example of Moscow weaponizing energy exports, as its invasion of Ukraine enters a 20th month. Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Troubl
The German government will put on indefinite hold plans to require more stringent building insulation standards, environment minister Robert Habeck told Reuters, an effort to help prop up the ailing building industry. The about-face from the German government comes ahead of a closely watched meeting between the building industry and government leaders with Chancellor Olaf Scholz on Monday to address a major slump in the sector. Abolition of the insulation standards has been a top demand of industry, which says the measures are too expensive and put a further damper on the depressed construction industry.
While the Federal Reserve has been busy battling inflation, a new crop of headwinds have emerged that could spell trouble for the U.S. economy
California Gov. Gavin Newsom has vetoed a bill to require human drivers on board self-driving trucks, a measure that union leaders and truck drivers said would save hundreds of thousands of jobs in the state. The legislation vetoed Friday night would have banned self-driving trucks weighing more than 10,000 pounds (4,536 kilograms) — ranging from UPS delivery vans to massive big rigs — from operating on public roads unless a human driver is on board. Lorena Gonzalez Fletcher, head of the California Labor Federation, said driverless trucks are dangerous and called Newsom's veto shocking.
Staring down a fast-approaching government shutdown that threatens to disrupt life for millions of Americans, Speaker Kevin McCarthy has turned to a strategy that so far has preserved his tenuous hold on House leadership but also marked it by chaos: giving hard-right lawmakers what they want. In his eight months running the House, McCarthy has lived by the upbeat personal mantra of “never give up” as he dodges threats to his speakership and tries to portray Republicans as capable stewards of the U.S. government. It's an untested strategy that has left McCarthy deeply frustrated, his allies rushing to his side and his grip on power ever more uncertain with the Sept. 30 deadline to fund the government a week away.
(Bloomberg) -- Republicans are eyeing a stopgap government funding measure that would range from 14 to 60 days, according to Representative Garret Graves, an ally of House Speaker Kevin McCarthy.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundIndia-Canada Clash Should Be a Wakeup CallBond Market Faces Quandary After Fed Signals It’s Almo
The British government confirmed Sunday it may scrap a big chunk of an overdue and over-budget high-speed rail line once touted as a way to attract jobs and investment to northern England. British media reported that an announcement is expected this week that the line will end in Birmingham – 100 miles (160 kilometers) from London -- rather than further north in Manchester. The Conservative government insists no final decision has been made about the embattled High Speed 2 project.
A trade fair designed to foster closer ties between China and the Arab world ended on Sunday with companies signing deals worth a total of 171 billion yuan (US$23.4 billion) in sectors such as trade, agriculture, energy, green transition and medical care, state media reported. The sixth China-Arab States Expo in Yinchuan, in the northwestern region of Ningxia, was attended by officials from more than 60 countries and more than 1,000 representatives of foreign agencies in China, according to offi
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