Elon Musk Comes Out Against Federal Electric-Vehicle Spending
Elon Musk took aim at a signature Biden administration legislative proposal and said China is adjusting to its growing position...
Government Budget/Taxation
Economy Week Ahead: Home Sales, Consumer Spending, Inflation
Reports on U.S. consumer spending and inflation highlight this holiday-shortened week. Outside of regular data, markets are also waiting for...
Tax Plan Inflames Democratic Debate in Senate Over Biden’s $2 Trillion Spending Bill
WASHINGTON—House passage of Democrats’ $2 trillion education, healthcare and climate package has inflamed an intraparty debate about whether the bill...
House Passes Roughly $2 Trillion Social Spending and Climate Bill
WASHINGTON—The House passed a roughly $2 trillion education, healthcare and climate package on Friday, as Democrats corralled their slim majority...
Federal Deficit Narrowed in October, Ahead of Debt-Ceiling Debate
The federal government ran a $165 billion deficit during October, a smaller gap when compared with a year earlier, as...
Electric-Vehicle Charging Stations Win Jolt of Energy in Congress
The roughly $1 trillion infrastructure package passed by Congress on Friday provides a spark to efforts to build a national...
Infrastructure Law Seen Having Small, Positive Impact on Growth
The roughly $1 trillion infrastructure package just passed by Congress will modestly help the economy in the short run while...
Wind Manufacturers Blown Off Course
Wind turbine makers continue to struggle due to supply-chain woes and uncertainty over the future of federal tax credits, so...
How the Financial Sector Is Addressing Climate Change—And Why It Matters
The organizations that lend, invest and regulate the world’s money are taking on climate change. There was a flurry of...
Tax Proposals Hit Headwinds as Democrats Try to Finalize Social Spending Deal
WASHINGTON—An 11th-hour push by Democrats to fund their social-spending and climate bill faltered, with a proposed tax on billionaires’ unrealized...
High Inflation Creates Tax Winners and Losers. What Are You?
Inflation is about to ripple through the tax code—and the nation’s mishmash of tax provisions means some people will be...
Democrats Try to Salvage IRS Bank-Account Reporting With Scaled-Back Plan
Democrats scaled back a proposal that would require banks to send more information about customers’ accounts to the IRS in...
U.S. Household Income Jumped in July as Spending Growth Slowed
U.S. household income rose rapidly last month as the government handed out enhanced tax breaks for parents, priming the economy...
House Passes $3.5 Trillion Budget Blueprint, Sets Deadline for Infrastructure Bill
WASHINGTON—The House narrowly passed a measure approving a $3.5 trillion budget blueprint and locking in a late September vote on...
Infrastructure Bill’s Boost to Economy Is Likely to Be Limited
WASHINGTON—The bipartisan infrastructure bill is unlikely to have a big impact on growth in the next few years, economists say....
Cigarette Companies Are Caught Between Death and Taxes
Cigarette companies are pouring billions of dollars into nicotine products that don’t come with the lethal health warnings of traditional...
