The prime minister has managed to help calm markets by convincing investors that he won’t jeopardize financial stability. But he now faces the task of convincing them that he can steer the economy through stagflation.#U.K #Prime #Minister #Rishi #Sunak #Calms #Marketsfor Source link
The White House tries to spin economic straw into political gold.#President #Rumpelstiltskin Source link
Wage earners are no longer subject to bracket creep, but investors still take a hit when the dollar declines in value.#Inflation #Tax #Capital #Gains Source link
When Janet Yellen testified before a congressional commission almost a decade ago about the 2007-2009 global financial crisis, an interlocutor noted that she seemed to have seen trouble brewing in banks and mortgage markets before most others. In truth, she said, she hadn’t put the pieces together fast enough to stop the ensuing disaster. “I’m...
Economy U.S. Economy U.S. budget gap had been narrowing as pandemic programs abated and wages rose #Federal #Deficit #Widen #Economy #Slows #Borrowing #Costs #Rise Source link
The British leader finds herself in a political twilight zone, with several lawmakers from her Conservative party saying they intend to push her out of office but unsure exactly when or who would succeed her.#U.K #Prime #Minister #Liz #Truss #Limbo #Party #Weighs #Replace Source link
World Asia China Former police chief who is now city’s chief executive puts emphasis on restoring Hong Kong’s role as global hub after pandemic and political upheaval spurred an exodus of talent #Hong #Kong #Offers #Visas #Perks #Reverse #Brain #Drain #Losing #Workforce Source link
Economy U.S. Economy Agency implements adjustments to key tax code parameters for 2023, following formulas set by Congress #Inflation #IRS #Raise #Tax #Brackets #Standard #Deduction Source link
Sweeping tax cuts brought jobs and growth back to the state I governed.#Ohio039s #Liz #Truss Source link
LONDON—New U.K. Chancellor Jeremy Hunt will make a statement later Monday, unveiling new public spending and tax policies as he looks to reassure markets that were spooked by Prime Minister Liz Truss’s previous tax cutting plan. The statement is expected to reveal more details on which taxes will rise and where spending cuts will be...