Tag: Washington news
IRS collects milestone $1 billion in back taxes from high-wealth taxpayers
WASHINGTON -- The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant...
Is inflation still cooling? Thursday's report on June prices will provide clues
WASHINGTON -- Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report...
Powell stresses message that US job market is cooling, a possible signal of coming rate cut
WASHINGTON -- Federal Reserve Chair Jerome Powell on Wednesday reinforced a message that the Fed is paying growing attention to a slowing job...
Biden administration to tax foreign-made steel and aluminum imports routed through Mexico
WASHINGTON -- The Biden administration is imposing tariffs on steel and aluminum shipped from Mexico that were made elsewhere — an attempt to...
House backs bills to roll back energy efficiency standards for refrigerators, dishwashers
WASHINGTON -- House Republicans on Tuesday approved two bills rolling back Energy Department efficiency standards on refrigerators and dishwashers.Republicans called the Biden administration...
Key senators reach agreement on spending levels for next year, setting up clash with House
WASHINGTON -- The Senate will pursue a spending increase next year of about 3.4% for defense and 2.7% increase for non-defense programs under...