The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system.
Sinema has long aligned herself with the interests of private equity, hedge funds and venture capital, helping her net at least $1.5 million in campaign contributions.
A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration.
Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful reminder that inflation is running hot through the American economy.
The proposal would raise an estimated $203 billion over a decade, which Democrats say would be used to delay until 2031 a shortfall in the Medicare trust fund that pays for hospital care.
At least 15,000 programs have closed, with 11% fewer child care workers than pre-pandemic, leaving an industry with a median wage of just over $13 an hour.
Stocks rose in roller-coaster trading on Wall Street Wednesday following the Federal Reserve’s sharpest hike to interest rates since 1994, and its assurance that such mega-hikes would not be common.
Wall Street closed mostly lower on Tuesday, a day after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy.
Tesla shares tumbled more than 7% Friday on a report that CEO Elon Musk is considering laying off 10% of the company’s workers, as well as new questions from U.S. regulators over complaints of vehicles braking for no reason.