Central bank members meet Wednesday. The two-day policy meeting of the Federal Reserve will meet Tuesday and Wednesday. Among their major considerations are the strains that have come…
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Housing Affordability at Historic Low
Mortgage rates reach 7 percent – housing prices could drop 20 percent. An online real estate marketplace recently reported that barely one in five U.S. households could afford…
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Legislation Introduced to Cap Insulin Prices
Representative Bush says, “We cannot solely rely on the whims of pharmaceutical companies.“ Senator Bernie Sanders of Vermont has introduced a bill that would cap the list price…
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Senate Confirms IRS Commissioner
He had been the acting commissioner. The Senate confirmed Danny Werfel on Thursday as the Commissioner of the Internal Revenue Service. During his hearing in February, Werfel said,…
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New Energy Legislation Coming in House
The bill would address fossil fuel production and other energy projects. House Speaker Kevin McCarthy of California and other members of the House have been putting together a…
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Fed Rate Hikes Could Come Quicker
Chairman Powell cites an unexpectedly strong economy. The Federal Reserve may speed up interest rate hikes more than expected in their endeavors to combat inflation, Federal Reserve Chairman…
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Another January Inflation Marker Higher Than Expected
President says there is more work to do. The Federal Reserve’s preferred method of measuring inflation, the Personal Consumption Expenditures Price Index (PCE), rose to an annualized 5.4 percent…
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IRS Releases Corporate Alternative Minimum Tax Information
The guidance clarifies the 15% minimum policy introduced through Inflation Reduction Act. The Department of the Treasury and the Internal Revenue Service (IRS) have released official guidance for…
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Nation’s Household Debt at $16.9 Trillion
Greatest increase in two decades hits record. A new report from the Federal Reserve reveals that U.S. household debt has risen to a record $16.9 trillion in the…
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President Appoints New Economic Adviser
Lael Brainard was vice chair of the Federal Reserve System. President Biden has named a replacement for Brian Deese as his primary economic advisor. He has appointed Lael Brainard…
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