Mnuchin Sees Solid Treasuries Demand After Record U.S. Borrowing
May 17, 2018
  • Treasury sees stage set for growth pickup over near term
  • CBO sees U.S. budget deficit rising to $1 trillion by 2020

U.S. Treasury Secretary Steven Mnuchin said he’s unconcerned about the bond market’s ability to absorb rising government debt after Continue reading

Zuckerberg’s Response Doesn’t Cut It, Facebook’s Critics Say
March 27, 2018
  • CEO vows to investigate leak, audit all third-party apps
  • Lawmakers say he must still testify; analysts question impact

Facebook Inc. CEO Mark Zuckerberg broke his silence on the crisis over political-advertising firm Cambridge Analytica’s access to user data on the Continue reading

Powell Says Strong Outlook to Prod Fed to Review Rate-Hike Path
March 21, 2018

Jerome Powell opened the door to the Federal Reserve raising U.S. interest rates four times this year as he acknowledged strengthening economic growth and inflation may prompt policy makers to rethink their plan for three hikes.

“My personal outlook for Continue reading

The Middle Class Might Not Even Notice If the GOP Cuts Their Taxes
January 9, 2018

A funny thing happened when Congress approved a tax cut for the middle class eight years ago: Most Americans didn’t notice.

The 2009 economic-stimulus bill contained a one-year tax break worth $800 for married couples in 95 percent of working Continue reading

Everything You Need to Know About the Senate GOP Tax Proposal
November 10, 2017

Senate Republicans released their vision for a tax-cut plan Thursday that would cut the corporate tax rate to 20 percent, with a one-year delay to 2019, as Congress moves quickly to fulfill one of the GOP’s biggest and most long-awaited Continue reading