November 1, 2022
“…Some 72.5 million households or 40% of households will pay no federal income tax this year, down from the pre-pandemic high of 60% two years ago, according to new estimates from the Tax Policy Center. In 2021, nearly 56% of… Continue Reading…
September 22, 2022
“…The federal government collected a record $4,408,452,000,000 in total taxes in the first eleven months of fiscal 2022 (October through August), according to the Monthly Treasury Statement. That was up $525,658,170,000—or 13.5 percent–from the then-record $3,882,793,830,000 (in constant August 2022 dollars)… Continue Reading…
June 15, 2022
“The Federal Reserve’s missteps in waiting too long to tackle the greatest run-up in prices in four decades has shaken trust across markets and the American public that it is up to the task of curbing inflation. On the eve… Continue Reading…
June 13, 2022
“Federal Reserve Chair Jerome Powell is facing an increasingly grim calculus after yet another hot inflation reading last week: He probably has to push the economy into recession in order to regain control of prices… An increasing number of economists… Continue Reading…
June 2, 2022
“The Federal Reserve is about to start shrinking its $8.9 trillion balance sheet, deploying a second tool along side higher interest rates to curb inflation, though officials don’t know just how effective it will be… After doubling in size through… Continue Reading…
June 2, 2022
“JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same… “You’d better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves… Continue Reading…
April 21, 2022
“For some consumers, medical debt they don’t even owe appears to ends up haunting them anyway. Complaints jumped 31% from 2018 to 2021 about debt collectors attempting to get consumers to fork over amounts that already were paid or otherwise… Continue Reading…
April 14, 2022
“The federal government collected a record $2,121,987,000,000 in total taxes through the first six months of fiscal 2022 (October through March), according to the Monthly Treasury Statement. This also marked the first time that federal tax collections have exceeded $2 trillion… Continue Reading…
January 21, 2022
“…The central bank is asking the public to provide feedback on the question over the next 120 days. And it said that in any event, it would only seek to create a digital currency with “clear support” from both the executive branch… Continue Reading…
January 13, 2022
“Total federal tax collections in the first three months of fiscal 2022—October through December—set a record as they topped $1 trillion, hitting $1,051,873,000,000, according to the Monthly Treasury Statement released today. Prior to this year, the most the federal government had… Continue Reading…
Recent Comments