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Congress Ended a Tax Break. How That May Help Higher Earners
Some people are being pushed into saving in Roth 401(k)s, but they may come out ahead despite losing a key tax deduction. Source link
Bank of England Raises Key Interest Rate by Quarter Point
The central bank increased its key rate for the 14th time in a row and said it may do so again as it tries to
Workers to Employers: We're Just Not That Into You
In the postpandemic economy, we’re living more and working less. 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
The West Attacked Russia's Economy. The Result Is Another Stalemate.
Economists expect sanctions to cause Russia to stagnate in the years ahead but the West’s failure to quickly bring the Russian economy to its knees
It Might Be Quitting Time for the Fed's Rate Hawks
Workers in some sectors are still leaving jobs at a higher rate than before the pandemic in a sign that the job-market realignment continues. Source
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
America's Fiscal Time Bomb Ticks Even Louder
Investors are drawing false comfort from the past and from the perception that fiscal scolds in the U.S. have cried wolf so often. Source link