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Apr 05 2021
Headline Roundup
Yellen Calls for Global Minimum Corporate Tax Rate
Treasury Secretary Janet Yellen called for a global minimum corporate tax rate on Monday to keep companies from relocating to find lower rates. “We are working with G-20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom,” Yellen said. The remarks, given in a speech to the Chicago Council on Global Affairs, come at the start of the World Bank and the
Politico Wall Street Journal (News) Fox News (Online News)Mar 09 2023
Headline Roundup
White House Releases $6.8 Trillion Budget Proposal For 2024
President Biden released his federal budget proposal for the 2024 fiscal year. The plan includes raising taxes on high-earning Americans and corporations in an effort to reduce the federal deficit by $3 trillion over the next decade.
Details: The nearly $7 trillion budget plan aims to fund Medicare into the 2050s, expand the child tax credit to $3,000 per child, allocate $59 billion to
Wall Street Journal (News) Axios Washington ExaminerOct 02 2020
Headline Roundup
House Democrats Pass $2.2 Trillion Stimulus Bill
House Democrats passed a scaled-down version of their $2.2 trillion COVID-19 stimulus package on Thursday night after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a bipartisan deal earlier in the week. The $2.2 trillion stimulus, decreased from the original $3.4 trillion HEROES Act in May, passed 214 to 207, with 18 moderate Democrats voting no on the bill
New York Post (News) Axios New York Times (News)Sep 30 2020
Headline Roundup
House Democrats Postpone Stimulus Talks; Negotiations to Continue
On Wednesday, House Democrats postponed the vote on a $2.2 billion stimulus check. The vote was postponed until Thursday to allow House Speaker Nancy Pelosi more time to negotiate a potential bipartisan deal, according to a report from USA Today. The postponement comes after Pelosi and Treasury Secretary Steven Mnuchin met Wednesday to discuss an economic-relief deal and did not reach an
USA TODAY Washington Post MarketWatchOct 18 2023
Headline Roundup
Putin and Xi Tout ‘Deep Friendship’ in Beijing
As President Joe Biden visited Israel, Russian President Vladimir Putin met with Chinese President Xi Jinping at a summit celebrating 10 years of China’s Belt and Road initiative (BRI).
The Details: The two leaders portrayed themselves as “dear” friends fighting for a “fairer, multipolar world.” Putin said they discussed “the situation in the Middle East” and “the situation that is
Fox News (Online News) Financial Times Washington PostAug 22 2023
Headline Roundup
Will Russia and China Expand BRICS to Challenge Western Economies?
A group including Russia and China is considering adding new members in a bid to compete with Western groups like the G7.
The Details: Leaders from BRICS — Brazil, Russia, India, China, and South Africa — are meeting in South Africa on Tuesday for a widely anticipated summit.
Expanding the Club: The group is considering adding new members to rival the G7 and other Western
South China Morning Post New York Times (News) The Epoch TimesDec 29 2021
Headline Roundup
Industry Experts Predict Gas Prices Will Surge in Early 2022 Before Dropping Off
After hitting a 7-year high earlier in 2021, experts think the cost of gasoline will continue to rise in early 2022.
According to data from GasBuddy provided to CNN (Left bias), analysts expect the price of a gallon of gas in the U.S. to hit "a monthly average of $3.79 in May, before finally retreating below current levels by late 2022." The prediction comes as Americans deal with the
The Hill The Week - News The Epoch TimesSep 03 2020
Headline Roundup
U.S. Jobless Claims Fall to 881,000
The number of Americans filing new claims for unemployment benefits fell last week to a seasonally adjusted 881,000.
The number was lower than expert projections. Jobless claims are still far higher than average as government aid stalls and the COVID-19 coronavirus pandemic continues, causing the labor market recovery to lose steam.
Wall Street Journal (News) Washington Examiner PoliticoDec 06 2021
Headline Roundup
Economists Expect Inflation to Continue in 2021, Remain High for Several Years
A majority of economists surveyed by the National Association for Business Economics (NABE) predict that inflation will continue to rise in 2021 and will remain high for the next several years.
Seventy-one percent of the 48 economists surveyed predict that Personal Consumption Expenditures (PCE) minus food and energy will not drop below the Federal Reserve's year-over-year target rate
Al Jazeera Associated Press Fox BusinessJul 21 2022
Headline Roundup
Home Prices Hit All-Time High Despite Falling Sales
Home prices in the U.S. hit a new all-time high in June.
The median home price was $416,000 last month, up 13.4% from a year ago, according to the National Association of Realtors (NAR). Meanwhile, existing-home sales fell in June for the fifth straight month, falling 5.4% from May and 14.2% from a year earlier. Mortgage applications also fell 6.3% last week from the previous week,
CNN Business Axios Washington Examiner