The smartest insight and analysis, from all perspectives, rounded up from around the web: “The Federal Reserve keeps taking, but nonetheless, this economy keeps on giving,” said Mitchell Hartman in NPR’s Marketplace. “The standard metaphor” for when the central bank has to raise interest rates to slow an overheating economy is that it takes away…
America just saw its credit rating drop. The Associated Press reported that Fitch Ratings downgraded the U.S. debt rating from AAA to AA. That was “a move that spurred debate in Washington about spending and tax policies.” Fitch said the government’s rising debt burden and the country’s increasingly ugly political fights — including factors like…
Fitch Ratings, one of the three major independent credit rating agencies, downgraded the long-term U.S.credit rating from AAA, the highest tier, to AA+ on Tuesday evening. This is only the second credit downgrade in U.S. history, following a cut by S&P Global Ratings in 2011 amid a fight between House Republicans and President Barack Obama…
The smartest insight and analysis, from all perspectives, rounded up from around the web: Farewell, Twitter, said Oliver Darcy at CNN. This week, “the text-based social media platform that played an outsize role in society by serving as a digital town square was killed by its unhinged owner, Elon Musk.” Musk officially changed the company’s iconic…
The smartest insight and analysis, from all perspectives, rounded up from around the web: Farewell, Twitter, said Oliver Darcy at CNN. This week, “the text-based social media platform that played an outsize role in society by serving as a digital town square was killed by its unhinged owner, Elon Musk.” Musk officially changed the company’s iconic…
America just saw its credit rating drop. The Associated Press reported that Fitch Ratings downgraded the U.S. debt rating from AAA to AA. That was “a move that spurred debate in Washington about spending and tax policies.” Fitch said the government’s rising debt burden and the country’s increasingly ugly political fights — including factors like…
Here are the nuts and bolts of the GOP health plan In addition to major revisions to Medicaid and other parts of the health care system, the new American Health Care Act proposes a number of changes to tax law. Here’s what they are. | View caption Hide caption On Monday, House Republicans introduced legislation to repeal…
A Russian warship appeared to have suffered serious damage Friday after Ukraine attacked one of its key naval bases using sea drones. The Russian Defense Ministry claimed to have thwarted the overnight attack on the Black Sea port of Novorossiysk, but the fate of one of its warships was in doubt after videos shared on…
Promised delays of federal tax refunds have delayed filing, too February 15 was the first day those who claim either the EITC or the ACTC could have received their 2016 tax refunds. This is several weeks later than in past years. | View caption Hide caption February 15 could have been a big day for…
How should government spend carbon tax revenues? A high-powered group of Republicans and business executives proposed replacing regulations for reducing greenhouse gases with a carbon tax. The two most interesting things about this initiative are who proposed it and what they’d do with the money. | View caption Hide caption The other day, a high-powered group…