Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks might be worth it.
Category: United States Economy
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Cooling Labor Market and Elevated Inflation Stoke Fed Divisions on Rate Cuts
Fed officials explained their opposition to the central bank’s decision this week to cut interest rates by a quarter of a percentage point.
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Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy
Harold Hamm, an Oklahoma oil tycoon, has played a central role in reshaping energy policy by allying himself with President Trump.
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Bessent Accelerates Regulation Overhaul to Jumpstart Growth
The Treasury Secretary unveiled changes to the Financial Stability Oversight Council to ease “overregulation.”
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Trump’s Tariffs Shrank the U.S. Trade Deficit in September
U.S. imports and exports ticked up from lows the previous month when the president’s global tariffs went into effect, while the trade deficit continued to fall
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Fed Divisions Underscore Challenge for Trump’s Next Chair
President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it.
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Trump Doesn’t Want to Talk About Affordability. Democrats Say That’s a Gift.
The president continues to brush off an issue that he said he would solve in his first months in office. Some Democrats say he is making the same mistake as his predecessor.
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DealBook Summit: Reckoning with the ‘New Normal’
At this year’s DealBook Summit, there was an understanding that in the Trump era, business runs through the White house like never before.
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As the Price of Beef Soars, Restaurants Are in ‘Code Red’ Mode
Midpriced steakhouses and fine-dining establishments are trying to figure out how to cover their rising costs without scaring away customers.
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How to Read the Fed’s ‘Dot Plot’ Projections Like a Pro
The forecasts will offer a glimpse of the path for policy at a highly uncertain moment for economy — and the central bank.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
See how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.