Workers should see some strong upward pressure on their paychecks coming. The only problem is it won't be for another four years. And if it doesn't materialize it could be a disaster.
The yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.8600 percent, while the yield on the 30-year Treasury bond was lower at 2.9701 percent. U.S. government debt prices were mixed Wednesday morning, as investors awaited fresh economic data.
Henry Paulson, Timothy Geithner, and Ben Bernanke have warned that the lessons of the 2008 financial crisis are in danger of being forgotten. Paulson was head of the Treasury when the crisis struck in 2008, Geithner took over under Obama, and Ben Bernanke was Federal Reserve Chairman during the crisis. Three men who played a central role in the US response to the 2008 financial crisis have voiced concern that the country may be forgetting the lessons learned from the crisis.
Nigerian President Muhammadu Buhari submitted a 228.9 billion naira ($750 million) supplementary budget for 2018 to parliament on Tuesday after a six-month delay in getting the main budget approved. In a letter accompanying the draft supplementary budget, Buhari said implementing the main 9.12 trillion naira ($29.92 billion) budget for the year "will be extremely challenging," without elaborating. Buhari's administration has struggled to pass its annual budgets, some delayed by as much as half a year, as lawmakers and the presidency have waged politically charged battles over items like infrastructure projects.
President Moon Jae-in wants South Koreans to work less and earn more – and to achieve that his government has hiked the minimum wage and slashed the maximum length of the working week. Heo's store shortened its opening times and cut staff hours. Many businesses are closing early rather than hiring additional staff after the legal cap on working hours was cut to 52 per week from 68, effective July 1.
It's a winter weekend in Sydney's bustling northern suburb of Chatswood and a three-bedroom family house sporting an endless garden is up for auction. Auctions are a bellwether of demand in property-obsessed Australia, where attending sales is almost a national pastime. It is therefore telling that only just over half were successful the weekend last month a Reuters reporter visited some of Sydney’s auctions, compared to more than two-thirds for all of last year.
Federal Reserve Chairman Jerome Powell said on Tuesday he sees the United States on track for years more of steady growth, but was challenged in a congressional hearing by senators worried the Trump administration's trade policies were already damaging businesses in their districts. Powell in written testimony to the Senate Banking Committee and in his response to questions about a possible "trade war" largely discounted the risks and said there would be a positive outcome if the administration's bargaining ultimately produced a world of lower tariffs.
President Trump's freewheeling Helsinki press conference in which he slated US intelligence agencies has handed Russian president Vladimir Putin a diplomatic triumph, White House officials are privately admitting. Ahead of the meeting, staffers provided Mr Trump with some 100 pages of briefing materials aimed at laying out a tough posture towards Putin, but the president ignored most of it, according to one person familiar with the discussions, who spoke to the Washington Post on the condition of anonymity. “Everyone around Trump” was urging him to take a firm stance with Mr Putin, according to a second person familiar with the preparations.
I went shopping over the weekend, checked my receipts and saw that I was charged 4.45 percent of the price of my purchases in sales tax. Had I purchased the same items a month ago, I would have been charged 5 percent. So that's a tax cut, yes? No, a top official with Americans for Tax Reform — the organization headed by Grover Norquist, the anti-tax absolutist who had former Gov. Bobby Jindal's ear — has been virtually screaming at the top of his lungs on Twitter. It's a tax increase, Patrick Gleason, the group's vice president for state affairs insists, because had the Republican-majority Legislature and Democratic Gov. John Bel Edwards simply allowed the temporary one-cent tax to expire, the
Last year, the Trump administration insisted that its regressive tax cuts were so important, it was worth adding $1.5 trillion to the national debt to ensure their passage. Now, the White House is warning Congress that the United States cannot afford to add $1.6 billion to the deficit to expand health-care options for veterans. In a letter Monday, the Trump administration demanded that lawmakers fund a popular veterans' health-care program — which allows former troops to spend public funds on private doctors and hospitals — with cuts to other parts of the budget. Democrats, and some top Senate Republicans, prefer to raise the current caps on discretionary spending instead. The case for the latter
Four U.S. states sued the federal government on Tuesday to void the new $10,000 cap on federal deductions for state and local taxes included in President Donald Trump's 2017 tax overhaul. The lawsuit by New York, Connecticut, Maryland and New Jersey came seven months after Trump signed the $1.5 trillion overhaul passed by the Republican-led Congress, which cut taxes for wealthy Americans and slashed the corporate tax rate.
New LendingTree study ranks metros by housing value inequality CHARLOTTE, N.C. , July 17, 2018 /PRNewswire/ -- LendingTree® , the nation's leading online loan marketplace, today released a study on where ...