New retirement plan contribution limits announced by the IRS for 2026 include higher 401(k), IRA and catch-up contribution amounts for enhanced retirement planning. Read More.
The average rate on the 30-year fixed mortgage rose this week to 6.24%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.22%. Read More.
President Donald Trump signed an order Friday to lower US tariffs on agricultural imports such as beef, bananas, coffee and tomatoes, as his government comes under pressure from voters grappling with the escalating cost of living. Read More.
American household debt reached a record $18.59 trillion in the third quarter of 2025, rising $197 billion, according to the Federal Reserve Bank of New York's latest report. Read More.
Would William Ockham Prefer the FAIRtax or the Income Tax?
This week’s Chairman’s Report is written by Jade Walle. A practicing CPA is on the American For Fair Taxation board of directors. Read More.
Despite the Trump administration’s focus on cost cutting and the additional revenue coming from tariffs, the deficit is as large as it was a year ago. Read More.
The Federal Reserve cut interest rates by 25-basis-points in October, though two policymakers dissented from the move, with one saying that he remains concerned about inflation. Read More.
The ongoing government shutdown has delayed the official third-quarter GDP report release, although real-time estimates from a pair of Federal Reserve banks suggest the economy grew. Read More.