President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.
Category: Stimulus (Economic)
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I.R.S. to Send Out Unclaimed Tax Credit to One Million Taxpayers
Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1,400 in their account within the next month.
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How People Are Earning Thousands Investigating Pandemic Fraud
Some private citizens are hunting for potential cases of fraud tied to small-business loans. They have earned big payouts — in some cases, more than $1 million.
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Democrats Got the Recovery They Wanted. It Wasn’t Enough.
America’s economic growth is the envy of its global counterparts. But voters wanted more from the Biden administration — specifically, lower prices.
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After Fed Cuts Rates, Biden Will Claim Credit for Economy’s Strength
The president’s speech on Thursday won’t be a “victory lap,” officials said, but it will celebrate falling inflation and borrowing costs along with solid growth.
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Biden’s Stimulus Juiced the Economy, but Its Political Effects Are Muddled
Some voters blame the American Rescue Plan for fueling price increases. But the growth it unleashed may be helping the president stay more popular than counterparts in Europe.
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The Perils of the Fed’s Vast Bond Holdings
The Federal Reserve is shedding assets at a glacial pace, exposing the financial system to continuing risks, our columnist says.
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Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?
Economists are divided over whether the growing amount of federal borrowing is fueling demand and driving up prices.
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Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?
Economists are divided over whether the growing amount of federal borrowing is fueling demand and driving up prices.
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Japan Raises Interest Rates for First Time in 17 Years
Higher inflation and rising wages suggest that the country’s economy can grow without such aggressive stimulus from the central bank.
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China’s New Economic Agenda, a Lot Like the Old One: Takeaways
At the National People’s Congress on Tuesday, China’s leaders set an ambitious goal for growth, exactly the same one as last year.
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Yellen Hits Trump Over Handling Of Economy
The Treasury Secretary acknowledged that consumer prices, which have weighed on economic sentiment, continue to be too high.