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A new analysis asserts that foreign investors will enjoy about 35% of the tax savings from a cut in the corporate rate as proposed by the Trump tax framework.
Tax revenue and spending both rose in fiscal year 2017, which ended last month. But spending growth outpaced revenue growth, according new numbers from the federal government.
House Speaker Paul Ryan broke a bit of tax news Friday when he said that House Republicans plan to propose a new top income tax rate for high earners.
The race to become President Donald Trump's pick for the top job at Federal Reserve is intensifying, and no one has won over Washington -- and Wall Street -- quite like Kevin Warsh.
The country's labor department said firms must let employees take a five-minute "standing break" every two hours.
The bulls may be in charge of the stock market, but these market skeptics see trouble brewing just beneath the all-time highs. Some even see similarities with Black Monday of 30 years ago.
Initial claims for unemployment insurance were the lowest in 44 years. It's a sign of a healthy job market.
U.S. inflation has been persistently low for years. Top policymakers don't have many strong explanations. Federal Reserve Chair Janet Yellen recently called the lack of inflation a "mystery."
Janet Yellen set to meet President Trump as he weighs whether to reappoint her or replace her as Fed chair.
President Trump thinks his tax plan will be so simple that some taxpayers will be able to do away with their accountants altogether. But so far, tax professionals don't seem very worried.
Next to Mexico and Chile, America's elderly are experiencing some of the worst income inequality out of any developed country, according to the latest report from the Organisation for Economic Co-operation and Development
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President Trump could keep the stock market happy and bolster his economic agenda by keeping Janet Yellen at the helm of the Federal Reserve.
Two controversial proposals by the United States during the renegotiation of NAFTA were rejected by Canadian and Mexican leaders, according to sources from each country.
Melted medications. Surgical procedures conducted in sweltering 95-degree heat. Malfunctioning X-ray machines. This is the reality doctors in Puerto Rico are facing almost four weeks after Hurricane Maria devastated the island.
Gary Cohn, President Trump's top economic adviser, worries about how reliant the financial system has become on clearinghouses -- the middlemen that ensure the smooth execution of trillions in complex transactions.
The fate of the North America Free Trade Agreement is highly uncertain. Here's who gets hurt if President Trump blows up the deal.
The soaring Dow has achieved yet another milestone.
President Trump's decision to stop funding a key set of Obamacare subsidies is prompting states and insurers to hike health insurance premiums.
Crashing out of the EU without a trade deal will cost British households an extra £260 ($345) a year, according to a new report.