Joe Biden's Capital Gains Tax Increase Proposal Could Significantly Harm the US Economy, Experts Say
The plan of President Joe Biden to increase the top capital gains tax rate to a historic level has drawn sharp criticism from economic experts.
Tags: US economy
Joe Biden's Chances of Winning Reelection Damped by Persistent Inflation Fears, New Poll Shows
Concerns about inflation are reducing President Joe Biden's chances of winning reelection, a new poll shows.
Federal Reserve President Says US Economy Likely Slowing Down — Does This Hint at a Possible Interest Rate Cut Soon?
Atlanta Federal Reserve President Raphael Bostic has reportedly indicated that the US economy is likely slowing down, which could prompt interest rate cuts this year.
US Unemployment Claims Rise as Layoffs Increase, Indicating Weak Labor Market
Initial jobless claims in the US have surged to their highest level since August 2023, indicating potential challenges in the strong labor market. Employers are increasing layoffs despite recent positive hiring trends.
Joe Biden Insists US Economy Is Doing Well Amid Mounting Criticisms on 'Bidenomics'
President Joe Biden has reaffirmed his belief that the US economy is on an upswing despite widespread criticism of his economic policies.
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Former President Donald Trump lambasted "Bidenomics," or the economic policies under President Joe Biden, before entering the Manhattan courtroom on day seven of hush money trial.
The unexpected slowdown in U.S. GDP growth in the first quarter, falling below projections, coupled with concerns about rising inflation, has sparked market downturns and raised potential signals of economic challenges ahead.
Despite international sanctions over its war in Ukraine, the International Monetary Fund (IMF) has forecasted that the economy of Russia will grow quicker than all of the advanced economies in the world, including the United States, in 2024.
JPMorgan Chase CEO Jamie Dimon warns that persistent inflation, ongoing wars, and the Fed's tightening means there's a need for preparedness as the US economy may inevitably fail.
A notable shift is occurring in the ongoing blame game surrounding inflation, with voters increasingly pointing fingers at big corporations rather than to President Joe Biden.
President Joe Biden announced plans to increase taxes on big corporations and wealthy Americans during his State of the Union address on Thursday night.
The Federal Reserve may decrease interest rates in June following the lowest annual gain in over three years in the United States.
The Federal Reserve has indicated a cautious approach towards cutting US interest rates. The Federal Reserve has indicated a cautious approach towards cutting US interest rates.
A team of five officials from the US Treasury Department is heading to China this week for economic talks.
