Tax Cuts High on GOP Agenda as House Looks to Revive Business Breaks
Republicans are hoping to introduce a bill as soon as this month. Source link
Economic News
Why the U.S. Remains Far From Recession
The pandemic’s aftereffects are fueling economic resilience despite rising interest rates. Source link
U.S. Makes New Push in Trade Fight With Mexico Over GMO Corn
The U.S. stepped up its efforts to get Mexico to ease its restrictions on genetically modified corn, after more than...
U.S. Labor Market Shows Resilience With Strong May Hiring
The labor market has defied expectations of a slowdown this year with 339,000 jobs added in May. The unemployment rate...
Senate Approves Deal Raising Debt Ceiling, Averting U.S. Default
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U.S. Job Openings Rose in April, Reversing Three Months of Decline
Employers reported a seasonally adjusted 10.1 million job openings in April, up from a revised 9.7 million in March. Source...
China’s Recovery Slows Further as Factory, Services Activity Pulls Back
China’s factory activity contracted for a second straight month while growth in the services sector slowed. Source link
Debt-Ceiling Deal Does Little to Change Direction of Federal Spending, Economy
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Biden, McCarthy Strike Debt-Ceiling Deal ‘in Principle’
Republicans and Democrats will now race to pass the agreement to raise the nation’s $31.4 trillion borrowing limit for two...
A Chinese Alternative to Bloomberg Terminals Quietly Limits Information Overseas
E-commerce shopping trends and satellite images are no longer available to foreign users of Wind, clouding their view of the...
Municipal Bond Issuers on Edge as Debt Ceiling Deadline Nears
City and state governments fear a potential surge in borrowing costs and curtailed federal spending. Source link
Spending and Inflation Figures Come as Fed Debates Pause
Economists estimate that Americans increased consumer spending last month and that price increases remained elevated. Source link
House Republicans See Progress in Debt-Ceiling Talks
GOP negotiators indicated they were closing in on a deal with the White House to raise the debt ceiling, with...
Germany Enters Recession in Blow to Europe’s Economy
The world’s fourth-largest economy shrunk for a second consecutive quarter as households cut their spending, which could prompt greater caution...
Debt-Ceiling Fight Comes Down to Spending: Freeze or Cut?
Conservatives are pushing House Speaker Kevin McCarthy for deep reductions, while the White House is offering a spending freeze. Source...
China Has a Youth Unemployment Problem Because College Grads Are Waiting for Jobs That Don’t Exist
Many economists say the problem reflects a jobs mismatch that could defy government solutions for years. Source link
WSJ News Exclusive | Fed Official Is Open to Forgoing June Rate Hike
Minneapolis Fed President Neel Kashkari said he could support holding interest rates steady at the central bank’s next meeting. Source...
The Pandemic-Era Tax Break Keeping the IRS Up at Night
Employers have received more than $150 billion and the IRS is struggling to process another 800,000 claims for the employee-retention...
Negotiators Halt Debt-Ceiling Talks With No Breakthrough in Sight
The White House and House Republicans struggled to reach a deal to raise the limit and avert a government default...
Jerome Powell Keeps June Interest-Rate Pause in Play
Fed chair says banking strains could mean rates don’t have to rise as much to tame inflation Source link
