Congress has a full plate of must-pass legislation coming up, including legislation to fund the government and address the debt limit. Given Democrats’ focus on passing the sweeping $1.75 trillion Build Back Better Act, lawmakers are bracing for a busier-than-usual December. At the end of September, Congress narrowly avoided a government shutdown by passing a… Read more »

A worse-than-expected inflation report is complicating the Biden administration’s message that the inflation rate is temporary and driven by supply-chain backlogs resulting from the pandemic. A report from the Bureau of Labor Statistics (BLS) showed prices rose 6.2 percent in October compared with a year ago, which is the largest annual increase in 30 years…. Read more »

Leaders of the world’s biggest economies formally endorsed a global tax plan at a Group of 20 summit in Rome last weekend to address how “consumer-facing” digital giants like Apple, Google, Facebook and Twitter are taxed in countries where they have users. The plan was spearheaded by the Organization for Economic Cooperation and Development (OECD)… Read more »