45ae59f6be38e421749b1804ad67ec3f Archive

TweetShareSharePin0 Shares OECD reaches deal on global minimum corporate tax. The Organization for Economic Cooperation and Development (OECD) announced Friday that its group of developed nations agreed to a global minimum corporate tax rate of 15 percent. The deal, according to the OECD, will ensure that 100 of the largest multinational companies pay a fair

TweetShareSharePin0 Shares The patch will tide the federal government over until December 3. Senate leaders passed a $480 billion increase to Treasury’s borrowing limit. The increase would give the US enough money to pay its bills until December 3. The House is expected to vote on the measure soon; the measure will then head to President

TweetShareSharePin0 Shares Last month, a weekend of basement cleaning uncovered decades-old records of my first tax-advantaged individual retirement account (IRA) and three employer-sponsored retirement accounts I opened in my early twenties. My dad helped me open that first IRA with earnings from my high school job as a babysitter. He made saving easy for 16-year-old

TweetShareSharePin0 Shares Democrats may be narrowing their disagreements over budget reconciliation. President Biden pitched a social spending bill that could cost between $1.9 trillion and $2.2 trillion to a group of congressional progressives. That would be significantly lower than the $3.5 trillion version Biden first backed but more than the $1.5 trillion floated by moderate

TweetShareSharePin0 Shares And a blurry timeline for Democratic legislative priorities. President Joe Biden told House Democrats to delay action on the bipartisan infrastructure bill until they can agree on a scaled-back tax and spending package to fund the rest of his economic agenda. How long that will take is anybody’s guess. Senate Democratic leader Chuck

TweetShareSharePin0 Shares A blurry timeline for Democratic legislative priorities. President Joe Biden told House Democrats to delay action on the bipartisan infrastructure bill until they can agree on a scaled-back tax and spending package to fund the rest of his economic agenda. How long that will take is anybody’s guess. Senate Democratic leader Chuck Schumer

TweetShareSharePin0 Shares A clean continuing resolution. The House and Senate plan to vote today to keep the government running through December 3. After (twice) forcing Senate Republicans to block a bill to keep the government running and extend its borrowing authority, Democrats bowed to the inevitable and stripped out the debt limit measure. Unless both