Republicans, Democrats Clash Over Linking Aid for Poor Americans to Work
Proposed restrictions on federal aid are among several demands Republicans are making in exchange for raising the nation’s borrowing limit....
Government Finance
Republicans Effectively Voted to Raise Taxes. They’re Fine With That.
House Republicans advanced a repeal of clean-energy tax credits without offsetting tax cuts—even though most have signed a no-tax-hike pledge....
Republicans Advance Debt-Ceiling Bill Aiming to Spark Talks With Biden
Party leaders say a final vote could come later Wednesday on legislation making deep spending cuts. Source link
Canada Public Broadcaster Joins NPR in Quitting Twitter Over Label Uproar
TechCBC says label ‘government-funded media’ in which officials determine editorial content is ‘untrue and deceptive’ Source link
Biden’s Budget Sets Up Battle With GOP, Would Cut Deficits by $3 Trillion Over 10 Years
PoliticsPresident’s proposal would raise taxes on businesses and wealthy people Source link
Biden Seeks Extension of Trump Tax Cuts for Most Households
The extension would target households making under $400,000 a year. The tax cuts are scheduled to lapse after 2025 unless...
Joe Biden’s Budget Proposal for 2024: What to Know
PoliticsPresident’s budget blueprint Thursday will lay out his priorities for government spending, set stage for talks with Republicans Source link
States Propose Billions in Tax Relief Despite Economic Uncertainty
PoliticsNew Jersey’s governor floats rebates as several states including New York and Michigan debate what to do with surpluses Source...
Economy Week Ahead: U.S. Household Spending, Home Sales in Focus
EconomyEconomy Week AheadThe Federal Reserve also slated to release minutes about interest rates Source link
U.S. Households Lifting Economy After Being Stung by Inflation Last Year
EconomyU.S. EconomyWage gains, state tax cuts and cost-of-living adjustments are boosting disposable income Source link
Janet Yellen Pushes China on Debt Relief for Zambia
The Treasury secretary, during a three-country trip to Africa, pursued a crucial test of a U.S.-backed effort to help developing...
WSJ News Exclusive | Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default
Treasury Secretary says the Federal Reserve likely wouldn’t accept a platinum coin if one were minted in an effort to...
Janet Yellen Says Treasury Can’t Prevent Default if U.S. Breaches Debt Limit
PoliticsMissing a payment on any government obligation would constitute default, Treasury secretary says Source link
GOP House Takes First Swipe at IRS Money
PoliticsFirst legislation from new Republican majority would rescind billions in funding for tax agency Source link
Big Nonprofit Hospitals Expand in Wealthier Areas, Shun Poorer Ones
Many of the nation’s largest nonprofit hospital systems, which give aid to poorer communities to earn tax breaks, have been...
WSJ News Exclusive | IRS Delays Gig-Tax Filing Rule for Side Hustles of More Than $600
The Internal Revenue Service gives millions of Americans a one-year reprieve on new 1099-K tax-reporting requirements, offering relief to users...
U.S. Healthcare-Spending Growth Slowed in 2021, Federal Report Finds
Federal spending on Covid-19 dropped, while there was an uptick in spending on insurance coverage and healthcare services. Source link
Spending Report to Offer Clues About Consumers’ Strength This Holiday Season
EconomyGovernment to release October figures on spending, inflation and income Source link
Elevated Inflation Presents Risk to U.S. Economy, Fed Report Finds
EconomyCentral bank identifies near-term threats in Financial Stability Report Source link
U.S. Deficit Shrank Last Fiscal Year, but Is Poised to Widen as Economy Slows
The U.S. budget deficit narrowed last year, but a cooling economy and rising interest rates put it on track to...
