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13 Mar 24
Closing corporate aircraft loophole part of $21.8bn investment plan.
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9 Jan 24
First stage of sign-off reduces threat of shut-down
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5 Jan 24
US president starts election campaign with tech funding and budget warning to opponents
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26 Sep 23
The US government’s triple-A credit rating could be threatened by a government shutdown, analysts warned amid a Congressional impasse.
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11 Aug 23
Taxes on marijuana have provided modest revenue for US states since they legalised the sale of the plant for recreational use.
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4 Aug 23
Repeated last-minute fixes to the US debt limit have hit confidence in the country’s government to such an extent that Fitch downgraded its rating, also warning of growing debt and rising deficits.
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30 May 23
The US will limit spending but suspend its debt ceiling and avoid a “catastrophic” default, if a deal made between president Joe Biden and speaker Kevin McCarthy is voted through.
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26 May 23
Political partisanship is getting in the way of action on the US debt limit, casting uncertainty over its ability to meet its obligations.
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16 May 23
The US government might not be able to pay all of its obligations within a month if politicians do not raise the country’s ‘debt ceiling’.
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20 Dec 22
North America’s two major economies will experience low growth and tight financing conditions as interest rates get pushed further upwards, analysts have said as they looked towards next year.
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25 Aug 22
US president Joe Biden will cancel up to $10,000 of many graduates’ federal student loans to help lighten an “unsustainable” burden on millions of working people.
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5 May 22
US president Joe Biden has boasted he will make an unprecedented reduction to the government deficit and pay down the national debt for the first time since 2016, taking aim at his predecessor Donald...
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3 Mar 22
The benefit of federal Covid-19 aid in New York is unclear because authorities have “no reporting on outcomes”, the city’s comptroller has warned.
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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...
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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.
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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.
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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.
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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...
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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.
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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.
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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.
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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.
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10 Aug 21
The budget unveiled by Democrats in the US Senate contains $3.5trn of spending but fails to address the controversial issue of the government’s debt limit.
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2 Aug 21
Senate negotiators have unveiled a $1trn plan to invest in infrastructure in the US, after weeks of talks between the two main political parties.
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29 Jul 21
US president Joe Biden has said he will strengthen the rules governing the federal government’s $600bn of procurement spending each year in a bid to boost domestic manufacturing.
13 Mar 24Closing corporate aircraft loophole part of $21.8bn investment plan.
9 Jan 24First stage of sign-off reduces threat of shut-down
11 Aug 23Taxes on marijuana have provided modest revenue for US states since they legalised the sale of the plant for recreational use.
16 May 23The US government might not be able to pay all of its obligations within a month if politicians do not raise the country’s ‘debt ceiling’.
20 Dec 22North America’s two major economies will experience low growth and tight financing conditions as interest rates get pushed further upwards, analysts have said as they looked towards next year.
Biden says US will pay down debt for first time in years and promises largest ever deficit reduction5 May 22US president Joe Biden has boasted he will make an unprecedented reduction to the government deficit and pay down the national debt for the first time since 2016, taking aim at his predecessor Donald...
3 Mar 22The benefit of federal Covid-19 aid in New York is unclear because authorities have “no reporting on outcomes”, the city’s comptroller has warned.
21 Dec 21Canada’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...
15 Dec 21The US Congress has voted to raise the government’s debt ceiling, just hours before the country risked defaulting on its obligations.
23 Nov 21Jerome 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.
8 Oct 21The USA has moved closer to avoiding a looming default after the country’s Senate voted for a temporary increase in the debt limit.
8 Sep 21Farm and meat-packing workers in the US will receive grants of up to $600 in recognition of costs many bore during the pandemic.
10 Aug 21The budget unveiled by Democrats in the US Senate contains $3.5trn of spending but fails to address the controversial issue of the government’s debt limit.
