Trump turns to outlandish promises to offset $7 trillion in tax cuts

The former president pushes a sovereign wealth fund, unrealistic promises over a spending commission and exaggerated claims about tax cuts.

By Jeff SteinSeptember 6, 2024

Biden preparing to block Nippon Steel purchase of U.S. Steel

President Joe Biden is set to block Nippon Steel’s $14.9 billion acquisition of U.S. Steel, a major industry move.

By David J. Lynch and Jeff SteinSeptember 4, 2024

Kamala Harris pitches $50,000 tax benefit in bid to spur startups

The vice president’s campaign will detail efforts to boost small businesses to help draw a contrast with former president Donald Trump.

By Jeff SteinSeptember 3, 2024

Trump eyes plan that may give Elon Musk role in auditing U.S. agencies

Elon Musk may seek to join Trump’s government efficiency commission, raising concerns about conflicts of interest and federal spending cuts.

By Jeff Stein and Trisha ThadaniSeptember 2, 2024

Postal Service considers rural mail slowdown after election

Top U.S. Postal Service officials are considering plans to allow slower mail delivery for long-distance and rural service to cut costs.

By Jacob BogageAugust 22, 2024

Inflation is falling, but the next president could bring it back

Both Kamala Harris and Donald Trump are pushing economic ideas that – whatever their merits – could raise prices on many goods and services, some economists said.

By David J. LynchAugust 21, 2024

Kamala Harris allies say plan to ban ‘price gouging’ has been misconstrued

Harris’s proposal sparked controversy and backlash from various groups.

By Jeff SteinAugust 20, 2024

Kamala Harris eyes guardrails on plan to eliminate taxes on tips

Kamala Harris's plan to eliminate taxes on tips includes income caps and aims to support service workers.

By Jacob Bogage and Jeff SteinAugust 20, 2024

Kamala Harris’s new economic plan draws Democrats’ praise, GOP’s scorn

Democrats said her proposals, such as addressing “price-gouging” at grocery stores and high prescription drug costs, would address Americans’ daily concerns.

By Dan Diamond and Fenit NirappilAugust 18, 2024

IRS can take more than a decade to pay whistleblowers who report tax cheats

The program, which has seen a dramatic drop in collections in recent years, has been beset by complaints about its opaque and lumbering process.

By Julie Zauzmer WeilAugust 18, 2024

U.S. looks to ban election betting as traders flock to prediction sites

The CFTC's crackdown on political futures contracts faces stiff resistance as some sites want to allow wagers of millions of dollars.

By Tony RommAugust 17, 2024

Kamala Harris unveils populist policy agenda, with $6,000 credit for newborns

The vice president’s speech on Friday is expected to reflect her most thorough articulation yet of her economic priorities.

By Jeff Stein, Yasmeen Abutaleb and Dan DiamondAugust 16, 2024

Kamala Harris to propose ban on ‘price gouging’ for food, groceries

The vice president’s policy approach is expected to largely mirror President Joe Biden’s, with changes in rhetoric and some key aspects.

By Jeff SteinAugust 15, 2024

Why Trump and Harris’s ‘no tax on tips’ plans may not help tipped workers

Exempting tips from taxes could cost the federal government billions, but the plans championed by Trump and Harris wouldn’t go far for most low-income workers.

By Jacob Bogage, Julie Zauzmer Weil and Lauren Kaori GurleyAugust 13, 2024

Jamaican officials needed help. They turned to Kamala Harris’s dad.

Though described as a “Marxist economist,” Donald J. Harris pushed strikingly pragmatic policies as a key adviser for Jamaica’s government over several decades.

By Jeff SteinAugust 13, 2024

Insurance lobbyists block federal crackdown on costly retirement advice

The financial services industry has blocked the Biden administration from requiring brokers to put retirees’ needs first — above lucrative commissions.

By Tony RommAugust 11, 2024

Americans tapped $8 billion in tax credits on home energy upgrades

Far more taxpayers than projected claimed the Inflation Reduction Act incentives on solar panels, heat pumps and other climate-friendly projects, data shows.

By Julie Zauzmer WeilAugust 7, 2024

State pension funds eye crypto investments, cheered on by lobbyists

The industry seeks a toehold in a lucrative market, which could tie bitcoin and other digital assets more closely to traditional finance — and bring some risk for retirees.

By Tony RommAugust 4, 2024

Senate Republicans block a child tax credit expansion

Senate Republicans blocked legislation to cut taxes for working families and extend some corporate tax breaks, dooming a bipartisan compromise the House had approved.

By Jacob BogageAugust 2, 2024

Congress will probably have to punt to keep the government open in October

Lawmakers haven’t left much time to pass spending bills before the next deadline arrives.

By Jacob BogageJuly 30, 2024