The Federal Reserve announced the first interest rate cut in four years at its September policy meeting amid progress in slowing down the pace of inflation toward its 2% goal. Read More.
A study issued by the Institute on Taxation and Economic Policy looked at the federal, state and local taxes paid by undocumented immigrants: Read More.
Mortgage rates fell this week to their lowest level since February 2023, but not far enough to spur on the housing market amid high home prices and still-elevated rates. Read More.
Vice President Kamala Harris’s tax plans would be disastrous for the US economy. She wants to raise individual and corporate taxes, as well as tax unrealized capital gains. H Read More.
Social Security's annual cost-of-living adjustment (COLA) for 2025 is projected to be 2.5%, which would be the smallest benefit boost since 2021 as the pace of inflation slows. Read More.
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress. Read More.
This is the title of an article by Veronique de Rugy, the George Gibbs Chair in Political Economy and a senior research fellow at the Mercatus Center at George Mason University. Read More.
Inflation declined in August to the lowest level since 2021, as prices rose 2.5% from last year. The data boosts the Federal Reserve's case for an interest rate cut next week. Read More.
In a speech to the Economic Club of New York, former President Donald Trump on Thursday promised to create a government efficiency commission if he’s elected to another term, embracing an idea proposed to him by billionaire Elon Musk. Read More.
Last week, we analyzed former President Trump’s proposal to eliminate the income tax on tips. This week, we examine another Trump idea: replacing the income tax with tariffs. And we have a better idea.
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