Tag Archives: spending

Democrats are promising to keep tabs during the 2022 campaign on Republican lawmakers praising projects funded by the Bipartisan Infrastructure Law even though they voted against it. House Speaker Nancy Pelosi’s office blasted out a compilation of the growing list — and journalists have also been taking note. Lawmakers like Rep. Steve Scalise (R-LA), Clay Higgins (R-LA), Rep. Kay Granger (R-TX), Rep. Ashley Hinson (R-IA), Rep. Michelle Steel (R-CA) and Rep. Andy Harris (R-MD) have all touted… Source link

By Jonnelle Marte    (Reuters) – U.S. consumers expect their monthly spending to grow above pre-pandemic levels this year but people are becoming less likely to spend big on vacations and other non-essential items – a sign that more households may be more concerned about rising prices, according to a survey released Monday by the New York Federal Reserve.    The survey showed that consumers expect to spend more on daily living expenses in the coming year. But it also showed that… Source link

The White House plans to restart negotiations on its $2 trillion spending bill, just days after pivoting to a long shot push for voting rights reform and two weeks after key moderate Sen. Joe Manchin (D-WV) abandoned talks on the spending measure, Reuters reported on Tuesday. In a new interview, U.S. Secretary of Commerce Gina Raimondo expressed certainty that the bill, known as Build Back Better, would succeed but acknowledged that the final version would “look different” from the expansive… Source link

The biggest companies in the world are using their significant cash piles to pump up their stock prices into year-end.  About 53.8% of third quarter stock buyback activity was fueled by the top 20 companies, according to new data from S&P Dow Jones Indices senior index analyst Howard Silverblatt. The top 20 list (see below) was headlined by a who’s who of the rich and powerful in corporate America: Apple, Alphabet, Meta, Oracle and Microsoft. These five companies alone repurchased a startling… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, December 3, 2021 Like Freddie, Jason and John McClain, the U.S. debt fight just won’t die The Omicron variant and inflation worries are spooking markets. And as if investors aren’t preoccupied by enough, the nation’s leaders are bickering over debt and spending — well, and just about everything else, to be honest — in ways that could… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, November 18, 2021 A link between fatter paychecks, bargain hunting and plastic  It’s common knowledge that inflation is eating away at consumers’ ability to spend, as the most basic necessities like groceries and energy extend a relentless spike. Less understood, however, is exactly why consumers keep opening their wallets as prices… Source link

A “Google tax” introduced by the coalition government to crack down on multinationals shifting profits overseas has been criticised as a “total failure”, as new documents show it is predicted to raise no money over the next six years. The diverted profits tax, introduced in 2015, was hailed as a pioneering effort to tackle multinationals who were reducing their UK corporation tax by shifting profits overseas. It was predicted by officials that the tax would raise up to £400m a year,… Source link

Democrats in Congress are arguing among themselves about whether to pass a massive spending bill, or merely a large one. They should listen to voters, who are pointing the way. A new Morning Consult poll asked voters what they think of the child tax credit Democrats expanded as part of the American Rescue Plan Congress passed in March. That law sharply increased the credit for most families with kids under 18, while also eliminating a work requirement for eligibility. Low-income families that… Source link

Sen. Joe Manchin says he will make a deal with his own Democratic party on a spending bill, but only if the Federal Reserve begins pulling back on its monetary stimulus to the economy. In a signed agreement with Senate Majority Leader Chuck Schumer (D-N.Y.), Manchin said he would only support a budget resolution with a top-line number of $1.5 trillion, with no funds in the new legislation disbursed until after all COVID-related federal spending is exhausted. Another condition: The “Federal… Source link

Apple (AAPL) may be teasing a bigger streaming content push at a big event scheduled for Sept. 14, but Wall Street thinks Netflix (NFLX) will remain the dominant force in the streaming category for years to come. “I have not been impressed by what Apple has done. They have created a couple quality shows and a lot of less than interesting shows. They are just not getting that broad appeal yet,” said Bank of America analyst Nat Schindler on Yahoo Finance Live. “They obviously have a lot of… Source link