We all seem to be on the lookout for clues that we're on the verge of another widespread financial crisis. The memories from the debacle a decade ago are so bad that no one wants to be caught by surprise...
The biggest tax code overhaul in decades has made sport of tracking this year's average tax refund size. (Currently this year's refund is $22 higher versus last year.) The scrutiny is also reviving any even older and highly emotional debate...
Ministers will resume efforts later to secure legally-binding changes to Theresa May's Brexit deal that might get MPs' backing in a week's time. Brexit Secretary Stephen Barclay and Attorney General Geoffrey Cox will meet EU officials in Brussels in search...
The U.S. budget deficit widened to $310 billion in the first four months of the fiscal year, underscoring the revenue hit from Republican tax cuts and an increase in government spending. The budget gap widened 77 percent compared with the...
Sitting down to do your taxes in the next few weeks – or talking with your tax preparer – will involve tackling the most sweeping changes in the federal income tax rules in more than 30 years. You'll need to...
Federal Reserve Chair Jerome Powell has repeatedly called out the ballooning U.S. national debt. He did so again while testifying to Congress on Tuesday. "The U.S. federal government is on an unsustainable fiscal path,” Powell told the Senate Banking Committee,...
Treasuries signal weak economic outlook while equities advance Stock bulls lack ‘fundamental support’ from bonds: Ned Davis It’s the latest chapter of the ever-raging battle between stocks and bonds. Treasury yields signal a brewing economic slowdown while equity bulls are...
Tax refunds are still coming in smaller versus last year after the second full week of filing season, the Internal Revenue Service reported on Thursday. Tax pros say lower paycheck withholdings during the year is the likely reason. The average...
The national debt surpassed $22 trillion for the first time on Tuesday, a milestone that experts warned is further proof the country is on an unsustainable financial path that could jeopardize the economic security of every American. The Treasury Department...
A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported Tuesday, even more than during the wake of the financial crisis. Economists warn that this is...
M2 money supply increased 31% in the week through Jan. 25 ​Points to worsening inflation and an even weaker currency Venezuelan money supply rose 31 percent in the week through Jan. 25, according to central bank data. That’s the fastest...
The Internal Revenue Service is ready to accept your federal tax returns starting Monday, Jan. 28. You can file for free electronically through the IRS website or download paper forms. Tax preparation companies such as TurboTax and H&R Block are...
Treasury quarterly refunding sales to hit record $84 billion Agency reminds Congress of debt-limit deadline of March 1 The U.S. Treasury Department announced plans to issue another record-breaking amount of debt, giving President Donald Trump’s re-election opponents more ammunition as...
The best way to prepare to do your taxes – or even get your taxes done – is to take a deep breath, gather your thoughts and start scrambling for your paperwork. Your 2018 federal income tax return will be...
Federal Reserve Chairman Jerome Powell said Friday the central bank “will be patient” as it weighs future interest rate hikes in light of low inflation, adding that policymakers will also take into account recent stock market volatility. Powell seemed to...
