Macau Reclaims Crown From Vegas as World’s Top Gambling Hub
Fortunes of MGM, Sands and Wynn are rising after they bled cash during years of pandemic border restrictions in the...
Government Finance
Why Child-Care Prices Are Rising at Nearly Twice the Overall Inflation Rate
Providers are boosting tuition as their costs rise and federal aid ends, straining some families’ finances. Source link
The Economic Losers in the New World Order
Giant subsidies and rising protectionism are upending decades of free trade. Smaller countries, from the U.K. to Singapore, are getting...
Crypto Rules Delay Puts Billions in Tax Revenue at Risk
Democratic senators are pressing the Biden administration to speed up the release of regulations tied to a 2021 law. Source...
U.S. Inflation, Consumer Spending Growth Cooled in May
Consumer prices and spending rose more slowly in May, but the Federal Reserve likely remains on track to raise interest...
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
Senate Approves Deal Raising Debt Ceiling, Averting U.S. Default
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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...
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...
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...
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...
GOP, Democrats Draw Red Lines Ahead of Biden Debt-Ceiling Meeting
The outlines of a possible deal to raise the debt ceiling and limit spending are starting to emerge, but negotiators...
Republicans, Democrats Making Progress in Debt-Limit Talks, Yellen Says
The Biden administration and congressional Republicans are making progress in their negotiations over federal spending and raising the debt limit,...
Debt-Ceiling Talks Continue as Report Warns of Possible June Default
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Debt-Ceiling Fight Weighs on Defense Industry
Investors fear the fight could delay the passage of next year’s national-security budget—and hurt military contractors. Source link
Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase
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