Taxes
  • President Donald Trump speaks to the media after the Congressional Republican Leadership retreat

    Why the Trump Boom Is Heading for a Speed Bump

    By Michael Rainey

    Kevin Hassett, chair of President’s Trump’s Council of Economic Advisers, said this week that contrary to what many critics are saying – see here , here and here , for example – he doesn’t think the...

  • Factory, construction spending data hint at slowing economy

    Chart of the Day: Capex Slowdown

    By Michael Rainey

    CNBC’s Carl Quintanilla tweeted this chart from Deutsche Bank that shows a recent slowdown in capital investment by US businesses — the opposite of what the tax cuts were supposed to produce. “It...

  • U.S. Treasury Secretary Steven Mnuchin in Washington, U.S., May 23, 2017. REUTERS/Jim Bourg

    US Treasury to Borrow More Than $1.3 Trillion in 2018

    By Michael Rainey

    The U.S. Treasury said Monday it expects to issue about $425 billion in debt this quarter, raising its 2018 borrowing to more than $1.3 trillion, a 145 percent increase from the $546 billion issued...

  • US Debt Issuance Headed for a Record High

    By Michael Rainey

    Bond traders expect the U.S. Treasury to announce record-setting debt sales at the end of the month, Bloomberg’s Liz McCormick says : “Many strategists at primary-dealer firms predict that the...

  • President Donald Trump and House Ways and Means Committee Chairman Kevin Brady smile at each other after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington

    A Trump Tax Cut Promise Is Falling Flat

    Friday’s GDP report showed that the economy grew at a healthy 3.5 percent annual rate from July through September, extending one of the strongest stretches in recent years — and yet it also...

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