RyanJLane | Getty Images President Donald Trump has considered new payroll tax cuts to let American workers take home bigger pay checks. But such a move could have negative consequences for both individuals and the economy, a number of experts warn. The president told reporters on Tuesday that he is “thinking about” cutting payroll taxes.
“To die will be an awfully big adventure.” Even Peter Pan, the mischievous little boy who refuses to grow up but rather spends his never-ending childhood adventuring on the island of Neverland, attempted to see death in a positive light. But things were different in 1902 when Peter Pan first appeared in the book “The
Democrats should hold Trump and the GOP accountable for their inability to manage the nation’s finances. ASSOCIATED PRESS A new report from the Congressional Budget Office projects federal budget deficits between 2019 and 2029 to be $872 billion higher than was projected just three months ago. As a result, Donald Trump will be forced to campaign
Mortgage refinances are surging, but the increased demand comes at a price. Getty Mortgage refinances are surging thanks to low mortgage rates, which hit nearly three-year lows just last week. Currently sitting at 3.6% according to Freddie Mac, they’ve spawned a 180% uptick in refinance applications since just one year ago. Online mortgage lender Better.com
Pedestrians walk past a Nordstrom Inc. store. Ben Nelms | Bloomberg | Getty Images Nordstrom‘s stock soared by more than 17% after the company released a mixed earnings report that showed weakening sales, but handily beat Wall Street profit estimates. Here’s how the company did, compared with what Wall Street was expecting, according to Refinitiv
A Target worker helps a customer at a Target store in San Rafael, California. Justin Sullivan | Getty Images The ongoing trade war between the U.S. and China creates uncertainty and complexity for companies like Target, CEO Brian Cornell told analysts on a conference call Wednesday. “As long as the trade situation remains fluid, it
Federal Reserve officials who voted to lower interest rates three weeks ago agreed that the move shouldn’t be viewed as an indication that there is a “pre-set course” for future cuts, according to meeting minutes released Wednesday. The summary indicated that policymakers viewed the move as a “mid-cycle adjustment,” an expression Chairman Jerome Powell used
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battle, citing the issue multiple times during discussions at the central bank’s July
A patient at the Veterans Affairs Medical Center in Washington, D.C. Jeff Hutchens | Getty Images President Donald Trump signed a memorandum on Tuesday to automatically cancel the student debt of tens of thousands of disabled veterans. “Today I’m proud to announce that I am taking executive action to ensure that our wounded warriors are
If you ever want to retire (or stay retired!), you’ve got a big problem. Bonds don’t pay much now, and they’re likely to pay less and less in the months and years ahead. I probably don’t have to tell you that the yield on the 10-year Treasury note has crashed to 1.6%. In other words,