National Economy

Why Are Tax Compliance Costs Soaring for Large Corporations?
Economy Why Are Tax Compliance Costs Soaring for Large Corporations?

Tax compliance costs for large corporations have surged dramatically in recent years, creating significant financial and administrative challenges. Multinational companies, in particular, are finding it increasingly difficult and expensive to navigate intricate regulations imposed by the evolving

September 6, 2024
Biden Expected to Block Nippon Steel's $14.9 Billion U.S. Steel Deal
Economy Biden Expected to Block Nippon Steel's $14.9 Billion U.S. Steel Deal

The impending decision by President Joe Biden to block Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel is a matter of significant consequence. This anticipated move is poised to impact numerous aspects, ranging from national security and labor union dynamics to geopolitical

September 6, 2024
Jobless Claims Rise, Fed Signals Possible Rate Cut to Boost Economy
Economy Jobless Claims Rise, Fed Signals Possible Rate Cut to Boost Economy

The U.S. labor market has shown signs of faltering, compelling the Federal Reserve to consider a rate cut in response. In recent developments, jobless claims have increased slightly, payroll data underwent significant revisions, and inflation continues to show signs of moderation. As these factors

August 26, 2024
Could a Financial Transaction Tax Fund Major Public Investments?
Economy Could a Financial Transaction Tax Fund Major Public Investments?

The proposal to establish a financial transaction tax (FTT) on Wall Street trades has gained traction as a potential means to generate significant revenue and foster economic fairness in the United States. This tax, which would apply to stock, bond, and derivative transactions, has the potential to

August 22, 2024
Kamala Harris Unveils Plans to Tackle Housing, Healthcare Costs
Economy Kamala Harris Unveils Plans to Tackle Housing, Healthcare Costs

With the 2024 Presidential Election on the horizon, Vice President Kamala Harris, the Democratic nominee, has articulated her strategy to support middle-class Americans grappling with daily financial strains. In her recent Raleigh, N.C., address, Harris underscored the imperatives of reducing

August 19, 2024
US Economy Sees Modest Q2 Growth, Fed Eyes Inflation Before Rate Cuts
Economy US Economy Sees Modest Q2 Growth, Fed Eyes Inflation Before Rate Cuts

The United States economy experienced moderate growth in the second quarter of 2024, with economists forecasting an annualized GDP increase of 2.1%. Despite this tempered pace, consumer spending has remained unexpectedly resilient, challenging predictions of a significant decline. Concurrently, the

July 22, 2024
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