Category: United States Economy

Energy Department Offers $2.3 Billion Loan to Boost Lithium Production

Demand for lithium, which is used in electric vehicle batteries, has soared but domestic production of the metal has lagged behind other countries.
Chip Makers Searching for ‘China Plus 1’ Are Finding Malaysia

A flood of American and European companies are expanding there and around Southeast Asia, a sign of how geopolitics is reshaping tech manufacturing.
Inflation Ticked Up Last Month, Backing the Fed’s Caution on Rate Cuts

Consumer prices climbed 3.2 percent last month from a year earlier, down notably from a 9.1 percent high in 2022, but still quicker than the roughly 2 percent that was normal before the pandemic.
Biden Budget Lays Out Battle Lines Against Trump

President Biden and former President Donald J. Trump offer vastly different policy paths on almost every aspect of the economy.
Biden’s Budget Underscores Divide With Republicans and Trump

The president’s $7.3 trillion budget proposal for the next fiscal year includes about $3 trillion in deficit reduction over a decade, largely from raising taxes on high earners and corporations.
Biden’s Budget Calls for Tax Increases on Corporations and the Wealthy

The budget, which would cut the deficit by $3 trillion over the next decade, reinforces Biden’s efforts to counter Republican tax proposals that Democrats deride as giveaways to the wealthy.
Here’s the latest on the president’s priorities.

The president’s $7.3 trillion budget proposal for the next fiscal year includes about $3 trillion in deficit reduction over a decade, largely from raising taxes on high earners and corporations.
Biden Budget Will Underscore Divide With Republicans and Trump

The president’s fiscal 2025 budget proposal includes about $3 trillion in deficit reduction over a decade, largely from raising taxes on high earners and corporations.
U.S. employers added 275,000 jobs last month.

Economists are trying to gauge whether last year’s forecasts of a slowing labor market were mistaken or simply premature.
Biden Targets Big Business and Billionaires

The president used his State of the Union address to plug his economic record and, and announce a policy wish list that involves raising taxes on multinationals and the wealthy.
Biden Portrays Next Phase of Economic Agenda as Middle-Class Lifeline

The president used his State of the Union speech to pitch tax increases for the rich, along with plans to cut costs and protect consumers.
The jobs report comes as the Fed considers the timing of interest rate cuts.

The Federal Reserve is primarily watching progress on inflation as it contemplates its next steps, but it is also keeping an eye on the labor market.