Yellen says ‘confident’ US will implement global minimum tax

Yellen says ‘confident’ US will implement global minimum tax

This post was originally published on this site US Treasury Secretary Janet Yellen said Sunday she was “confident” Congress would pass legislation to implement a global tax agreement in the United States enacting a minimum international tax on big corporations. The OECD-brokered deal, which sets a global tax of 15...

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Tariff Relief Plan Falls Short, Businesses Say

Tariff Relief Plan Falls Short, Businesses Say

This post was originally published on this siteU.S. companies lacking cost-effective alternatives to Chinese imports complain that the new trade policy isn’t as helpful as they had expected.

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American Airlines issues deadline for employee vaccinations

American Airlines issues deadline for employee vaccinations

This post was originally published on this siteAmerican Airlines on Wednesday in an email informed all U.S. employees that they must submit evidence of being fully vaccinated by November 24 or face termination, according to multiple reports.American Airlines is classified as a…

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Americans are shopping less often and limiting impulse buys as COVID breeds a more cautious consumer

Americans are shopping less often and limiting impulse buys as COVID breeds a more cautious consumer

This post was originally published on this siteAmericans are shopping less frequently and spending more per trip during COVID, a trend that could continue to some extent, hurting impulse purchases.     

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U.S. Job Growth Likely Picked Up in September

U.S. Job Growth Likely Picked Up in September

This post was originally published on this siteEconomists estimate that employers created 500,000 jobs in September, more than double the number added in August, according to a Wall Street Journal survey.

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Senate leaders announce debt limit deal

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)

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Recent White House study on taxes shows the wealthy pay a lower rate than everybody else

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...

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Democrats warn of looming downgrade as US faces debt default crisis

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...

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As a Debt Default Looms, the White House Warns of a Financial Crisis

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.

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What Biden plans to do differently when it comes to trade with China

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.

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