WASHINGTON – The US posted its largest monthly trade deficit since August 2006 as imports of consumer goods previously recovered from epidemic levels in August, adding evidence of a return to global …
Read More »Why Biden will start tax hike at $ 400,000 a year
Households with lower incomes will not pay more in direct taxes than they would in adjusted gross income from the Democratic presidential candidate’s promise. Higher earning households will in some cases pay …
Read More »US consumer spending rose in August, but currency challenge for economic recovery
US consumer spending rose 1.0% in August, while income declined, presenting a new obstacle to economic recovery. The Commerce Department said personal income fell 2.7% in August from a month earlier. Declining …
Read More »Fed caps big bank dividends, heels share buyback in fourth quarter
WASHINGTON – The largest US banks faced restrictions on dividends and would share buybacks for the next three months, citing the need to conserve capital during a coronovirus-induced recession. The Fed said …
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