The deal removes offshore incentives for American companies. World leaders meeting in Rome on Sunday for the G20 summit announced their endorsement of global minimum tax. The leaders…
Read MoreEconomy
Budget Results Released for Fiscal Year 2021
Treasury secretary and acting OMB director issue joint statement. U.S. Treasury Secretary Janet Yellen and White House Office of Management and Budget Acting Director Shalanda Young released a…
Read More
Unemployment Claims Drop to 290,000 Last Week
2 million jobs likely will not return to the economy. The Department of Labor released the latest figures measuring the U.S. job market on Thursday. The report found…
Read More
2022 Social Security Benefits Getting a Boost
The increase is the largest in nearly four decades. Roughly 70 million Social Security beneficiaries will see a 5.9 percent increase in their payments beginning next year. The…
Read More
Higher Inflation Creating Pressure on Consumers
President seeks help from the private sector. The Department of Labor reported this week that consumer prices increased solidly in September. Americans are now paying more for food,…
Read More
President Signs Bill Temporarily Raising Debt Limit
Federal default averted until December. President Joe Biden signed legislation on Thursday temporarily increasing the government’s borrowing limit to $28.9 trillion, delaying the deadline for debt default until…
Read More
Unemployment Claims Drop by 36,000
New unemployment applications at the lowest level since the start of the pandemic. The Department of Labor released its report on Americans applying for unemployment insurance on Thursday.…
Read More
Social Security Cost of Living Benefit Increased for 2022
5.9% increase aims to address rising inflation. The Social Security Administration announced on Wednesday that it would be increasing its cost of living adjustment (COLA) by 5.9% in…
Read More
President Expresses Confidence in Slow Employment Gains
Growth stunted by delta variant and vaccine mandates. Economists projected that in September the U.S. employment rate would grow by 500,000 jobs. However, due to the Delta COVID-19…
Read More
Labor Department Releases Jobs Report
Economy still sluggish despite a record number of job openings. The Department of Labor released its monthly jobs report on Friday, which highlighted the slow recovery from the…
Read More