Senate leaders announce debt limit deal
This post was originally published on this site Senate leaders hope to pass the bill, which would increase the borrowing limit by $480 billion, as soon as today. (Image credit: Andrew Harnik/AP)
Recent White House study on taxes shows the wealthy pay a lower rate than everybody else
This post was originally published on this site A decade ago, in an essay for The New York Times, Warren Buffett disclosed that he had paid nearly $7 million in federal taxes in 2010. “That sounds like a lot of money,” he wrote. “But what I paid was only 17.4...
Democrats warn of looming downgrade as US faces debt default crisis
This post was originally published on this site Democratic Senate leader Chuck Schumer warned Tuesday that the United States was flirting with a disastrous downgrade in its credit rating as lawmakers remained deadlocked over how to stave off a debt default with just days to spare. Democrats say the Senate...
As a Debt Default Looms, the White House Warns of a Financial Crisis
This post was originally published on this site‘A default would send shock waves through global financial markets,’ officials at the White House Council of Economic Advisers warned.
What Biden plans to do differently when it comes to trade with China
This post was originally published on this siteNPR’s Rachel Martin speaks with Ambassador Katherine Tai, who serves as the U.S. Trade Representative, about the Biden administration’s trade policy with regards to China.
U.S. trade representative to speak on Biden’s plans with China
This post was originally published on this siteThe Biden administration will lay out its approach to trade with China on Monday after months of examining what to do about massive tariffs put in place by former President Donald Trump.