The legislation invests in American chip manufacturing and is part of a streak of legislative successes that President Biden is planning to highlight as the midterm elections approach.
Today's EVs rely heavily on China and other countries for materials. Shen Chunchen/VCG via Getty ImagesPresident Joe Biden signed a far-reaching climate, energy and health care bill on Aug.
Employers hired rapidly and paid more in July, suggesting the Federal Reserve may have to remain aggressive in its effort to cool the economy.
With a new corporate minimum tax, Democrats would be adding complexity to an already byzantine tax system.
Jobs aplenty. Sizzling demand. If the United States is headed into a recession, it is taking an unusual route, with many markers of a boom.
The latest effort to narrow the preferential tax treatment used by private equity executives failed after Senator Kyrsten Sinema objected.
The increase of 528,000 outstripped expectations, and the gains were spread widely across industries. The jobless rate fell to 3.5 percent.
Changes demanded by Senator Kyrsten Sinema will preserve a tax loophole that Democrats have complained about for years.
But the unexpectedly strong employment growth reported for July also appeared to contradict forecasts that the economy was cooling off.
President Ronald Reagan, shown here speaking in Moscow in 1980, was an early adopter of neoliberalism in the U.S. Dirck Halstead/LiaisonNeoliberalism is a complex concept that many people use – and overuse – in different and often conflicting ways.
So, what is it, really?
