After waiting seven years, the public gets its first view of former President Donald Trump’s returns, which document his aggressive efforts to avoid paying taxes.
Don Lee
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Remote workers could be the first to go in the next round of recession layoffs
As recession winds blow and job cuts increase, employers report that they might first look at employees who work from home.
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The IRS is getting a lot more money for audits. Should you be worried?
New infusion by Congress of $80 billion for the Internal Revenue Serice will allow it to add thousands more auditors and customer service representatives.
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Labor unions are hot, but their moment might not last
Experts acknowledge the newfound excitement around labor but caution that unions, which have suffered decades of declining membership, are unlikely to turn the tide.
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Inflation slowed a bit in July. Has it finally peaked?
Most analysts say the new report suggests the rate of inflation has peaked and will gradually decline from its 40-year high.
Posted inPolitics & Policy
Here’s why the U.S. economy shrinking in the 2nd quarter may not be so bad
The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears of a recession.
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Are widespread layoffs coming? How the pandemic has changed employers’ recession strategy
With workers still hard to find, more businesses appear reluctant to let go of those they have, even as they’re beset by inflation and slowing sales.
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Yes, a recession looks inevitable. But it might not be that bad. Here’s why
Any downturn is likely to be mild because many consumers have a financial buffer and the labor market still has legs.
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Fed makes biggest rate hike since 2000, targeting inflation
Borrowers will feel pinch of higher Fed rate, the single biggest increase since 2000 — and more hikes are on the way.
Posted inPolitics & Policy
To combat inflation, Fed increases interest rates for first time since 2018
The Federal Reserve responded to the nation’s surging inflation by inching up interest rates. It also signaled plans for increases in coming months.