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U.S. Steelmakers Are Still Expanding as Demand Slows
Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand. Source link
Fitch Downgrade Won't Break Washington's Tax, Spending Habits
Republicans and Democrats aren’t likely to cut entitlements or raise taxes, leaving debt problems untouched. Source link
Crypto Rules Delay Puts Billions in Tax Revenue at Risk
Democratic senators are pressing the Biden administration to speed up the release of regulations tied to a 2021 law. Source link
Fitch Downgrades U.S. Credit Rating
The agency said that the downgrade reflects an “erosion of governance.” The rating on the U.S. now stands at AA+, or one notch below the
Yellow's Shutdown Could Cost Taxpayers Money
Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by
Congress Faces Crunchtime in Fight on Spending Cuts
After the summer break, lawmakers on Capitol Hill will need to pass spending bills by Oct. 1 to avoid a government shutdown. Source link
Why Trucking Company Yellow Verges on Collapse
One of the oldest and biggest U.S. trucking businesses has been wrecked by a string of mergers that left it saddled with debt and has
Europe Avoids China's Belt and Road Forum, Keeping a Distance From Xi and Putin
After three years of Covid isolation, Chinese leader Xi Jinping is planning a blowout bash for his Belt and Road infrastructure initiative. The R.S.V.P.s aren’t
Does Facebook Polarize Users? Meta Disagrees With Partners Over Research Conclusions
The company and researchers differ regarding how to interpret the findings from studies of the 2020 presidential election. Source link