Inflation drops to lowest level since Feb. 2021 as Fed plans rate cut
With inflation cooling and worries about the job market spreading, the central bank is expected to announce a long-awaited rate cut next week.
By Rachel SiegelJohnson delays funding plan as House GOP rebels ahead of shutdown deadline
The GOP speaker pulled a six-month spending bill from the floor. A shutdown deadline is less than three weeks off.
By Jacob Bogage and Marianna SotomayorJohnson’s government funding bill advances despite GOP defections
With a narrow majority, the House GOP cleared a procedural test. But Senate Democrats and the White House have already rejected the measure to avert a government shutdown.
By Jacob Bogage and Marianna SotomayorCongress returns to deal with looming federal spending deadline
Government funding will expire on Sept. 30. Lawmakers plan to start working on a temporary fix.
By Jacob Bogage and Marianna SotomayorThe Harris agenda emerges: Populism with a ‘healthy dose of centrism’
Kamala Harris’s new economic policy blends left-leaning populism with centrist tax plans to address business leaders’ concerns.
By Jeff SteinEven in victory, Harris or Trump could earn a dubious prize: Hostile Congress
With Democrats close to a House majority and Republicans on the verge of claiming the Senate, the next president might not have a political honeymoon.
By Paul KaneTrump turns to outlandish promises to offset $7 trillion in tax cuts
The former president pushes a sovereign wealth fund, unrealistic promises over a spending commission and exaggerated claims about tax cuts.
By Jeff SteinBiden preparing to block Nippon Steel purchase of U.S. Steel
President Joe Biden is set to block Nippon Steel’s $14.9 billion acquisition of U.S. Steel, a major industry move.
By David J. Lynch and Jeff SteinKamala Harris pitches $50,000 tax benefit in bid to spur start-ups
The vice president’s campaign will detail efforts to boost small businesses to help draw a contrast with former president Donald Trump.
By Jeff SteinTrump eyes plan that may give Elon Musk role in auditing U.S. agencies
Elon Musk may seek to join Trump’s government efficiency commission, raising concerns about conflicts of interest and federal spending cuts.
By Jeff Stein and Trisha ThadaniPostal Service considers rural mail slowdown after election
Top U.S. Postal Service officials are considering plans to allow slower mail delivery for long-distance and rural service to cut costs.
By Jacob BogageInflation is falling, but the next president could bring it back
Both Kamala Harris and Donald Trump are pushing economic ideas that – whatever their merits – could raise prices on many goods and services, some economists said.
By David J. LynchKamala Harris allies say plan to ban ‘price gouging’ has been misconstrued
Harris’s proposal sparked controversy and backlash from various groups.
By Jeff SteinKamala Harris eyes guardrails on plan to eliminate taxes on tips
Kamala Harris's plan to eliminate taxes on tips includes income caps and aims to support service workers.
By Jacob Bogage and Jeff SteinKamala Harris’s new economic plan draws Democrats’ praise, GOP’s scorn
Democrats said her proposals, such as addressing “price-gouging” at grocery stores and high prescription drug costs, would address Americans’ daily concerns.
By Dan Diamond and Fenit NirappilIRS can take more than a decade to pay whistleblowers who report tax cheats
The program, which has seen a dramatic drop in collections in recent years, has been beset by complaints about its opaque and lumbering process.
By Julie Zauzmer WeilU.S. looks to ban election betting as traders flock to prediction sites
The CFTC's crackdown on political futures contracts faces stiff resistance as some sites want to allow wagers of millions of dollars.
By Tony RommKamala Harris unveils populist policy agenda, with $6,000 credit for newborns
The vice president’s speech on Friday is expected to reflect her most thorough articulation yet of her economic priorities.
By Jeff Stein, Yasmeen Abutaleb and Dan DiamondKamala Harris to propose ban on ‘price gouging’ for food, groceries
The vice president’s policy approach is expected to largely mirror President Joe Biden’s, with changes in rhetoric and some key aspects.
By Jeff SteinWhy Trump and Harris’s ‘no tax on tips’ plans may not help tipped workers
Exempting tips from taxes could cost the federal government billions, but the plans championed by Trump and Harris wouldn’t go far for most low-income workers.
By Jacob Bogage, Julie Zauzmer Weil and Lauren Kaori Gurley