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 SteinBiden 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 SteinKamala 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 SteinTrump 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 ThadaniPostal 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 BogageInflation 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. LynchKamala Harris allies say plan to ban ‘price gouging’ has been misconstrued
Harris’s proposal sparked controversy and backlash from various groups.
By Jeff SteinKamala 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 SteinKamala 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 NirappilIRS 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 WeilU.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 RommKamala 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 DiamondKamala 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 SteinWhy 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 GurleyJamaican 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 SteinInsurance 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 RommAmericans 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 WeilState 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 RommSenate 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 BogageCongress 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 Bogage