U.K.’s Central Banker Struggles With Inflation, a Financial Crisis and His Own Government
LONDON—In late August, Bank of England Gov. Andrew Bailey was at a symposium in Jackson Hole, Wyo., when a New York University economist flagged a...
Fed’s Evans Open Minded on Size of September Rate Increase
Federal Reserve Bank of Chicago President Charles Evans said Thursday he is undecided on what size interest rate increase he will support at the central...
Biden Student Debt Plan Would Send More to Richer Families, JPMorgan Data Shows
President Biden’s plan to forgive student loans would send more money to wealthier families than to poorer ones, but lower-income and minority households would be...
Rising Interest Rates Will Crush the Federal Budget
The Federal Reserve’s policies of increasing interest rates and quantitative tightening—reducing its $8.9 trillion balance sheet—will increase the volume and cost of federal government borrowing,...
Biden’s Gas Tax Suspension Proposal Falls Flat In Congress
President Biden asked Congress on Wednesday to lift the federal fuel tax for three months in a bid to reduce excessively high prices at the...
IRS Is Falling Further Behind on Tax-Return Backlog, Watchdog Says
WASHINGTON—The Internal Revenue Service faces daunting mathematical and logistical challenges in its attempt to largely eliminate its tax-return backlog by the end of 2022, an...
Japan Adopts View That Huge Government Debt Doesn’t Matter
TOKYO—When Japan’s leader released his economic vision Tuesday, he left out an important date. Prime Minister Fumio Kishida deleted a pledge from earlier government statements...
The World Is Piling on Debt as It Battles Inflation
A surge in food and fuel prices is raising pressure on governments around the world to pick up the tab for consumers, stretching precarious public...
Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7 By Cointelegraph
[ad_1] Every global event or major political crisis these days can trigger a digital asset-related conversation. As China welcomes the world’s top athletes to the...