-
21 Dec 21
Canada’s decision to implement its digital services tax in 2024 if global reforms stutter has concerned the US administration, which has threatened to look again at its trade agreements with its...
-
16 Dec 21
The US Federal Reserve is set to taper its bond buying faster-than-expected, alongside interest rate rises next year, to help reduce inflationary pressures.
-
15 Dec 21
Canada’s high spending during the pandemic has been hailed as the reason for the country’s swift economic recovery from the shock of 2020.
-
15 Dec 21
The US Congress has voted to raise the government’s debt ceiling, just hours before the country risked defaulting on its obligations.
-
3 Dec 21
US politicians have approved a bill to continue current funding commitments until February, avoiding a government shutdown.
-
26 Nov 21
Quebec has nearly halved its deficit forecast this year, as the province has recorded an “extraordinary recovery” from Covid-19, according to its finance ministry.
-
23 Nov 21
Jerome Powell will serve a second term as chair of the US Federal Reserve after president Joe Biden opted for continuity rather than change and stuck with his predecessor Donald Trump’s appointment.
-
16 Nov 21
US president Joe Biden has signed the $1.2trn Infrastructure Investment and Jobs Act into law, as the nation attempts to 'build back better' from Covid-19.
-
8 Nov 21
More than half of all public sector organisations do not have specific policies to combat fraud in the Canadian province of British Columbia, a survey has found.
-
4 Nov 21
The US Federal Reserve has decided to wind down its $120bn-a-month bond-buying programme in the hope of tempering rising inflation.
-
29 Oct 21
Fears inflation will linger have led to some central banks tightening monetary policy faster than expected, potentially fuelling worries the US Federal Reserve is “behind the curve”, analysts have...
-
25 Oct 21
The US budget deficit reached $2.77trn in 2020-21, the second highest ever after last year, as the government tried to contain the health and economic damage from Covid-19.
-
22 Oct 21
Five European countries no longer face the threat of US tariffs in retaliation to their digital services taxes, with the Joe Biden administration backing down after global tax reforms were agreed...
-
19 Oct 21
The rise of digital currencies could leave the US less able to exert influence on global politics through imposing sanctions, a report by the country’s Treasury has claimed.
-
14 Oct 21
The US Federal Reserve could begin winding down its additional bond purchasing programme as early as next month, as economic growth rises faster than expected.
-
8 Oct 21
The USA has moved closer to avoiding a looming default after the country’s Senate voted for a temporary increase in the debt limit.
-
5 Oct 21
A failure to increase or suspend the US debt limit could lead to negative credit rating actions, according to ratings agency Fitch.
-
29 Sep 21
The US could default on its borrowing for the first time in its history as soon as next month, unless its statutory debt limit is lifted, according to Treasury secretary Janet Yellen.
-
13 Sep 21
US Democrats are looking to raise the country’s corporation tax rate to 26.5% to fund president Joe Biden’s spending plans.
-
9 Sep 21
US treasury secretary Janet Yellen has warned Congress the government could run out of cash in the next few weeks, urging lawmakers to raise the debt ceiling so she can borrow again.
-
8 Sep 21
Farm and meat-packing workers in the US will receive grants of up to $600 in recognition of costs many bore during the pandemic.
-
2 Sep 21
The US government lost more than $90bn of its emergency pandemic aid to fraud and error, a watchdog’s report has found.
-
31 Aug 21
The US Congress should introduce explicit financial stability objectives for government agencies to help avoid a new financial crisis, according to a former senior Federal Reserve official.
-
26 Aug 21
Canadian prime minister Justin Trudeau has promised to tax financial services companies to help fund his housing programme if his government is re-elected next month.
-
24 Aug 21
The US government’s $1trn infrastructure fund is expected to provide a net $700bn boost to its economy, according to ratings agency Standard and Poor’s.