By Trevor Hunnicutt, Andrea Shalal and Nandita Bose PHILADELPHIA (Reuters) -U.S. President Joe Biden on Thursday unveiled plans for government spending and higher taxes on the wealthy, choosing the sw[...]
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March 10, 2023
Analysis-Declining U.S. bank reserves add wrinkle to contentious debt ceiling issue
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – A rapid fall in bank reserves held at the Federal Reserve, coinciding with an expected shortage of U.S. Treasury bills as the debt ceiling battle[...]
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U.S. deficit grows to $262 billion in February as tax refunds surge
WASHINGTON (Reuters) – The U.S. government posted a $262 billion budget deficit in February, up 21% from a year earlier, as outlays grew and revenues fell, due largely to higher tax refunds issu[...]
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Yellen warns U.S. House members of ‘economic collapse’ from default
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen urged members of the U.S. House of Representatives on Friday to raise the federal debt ceiling without conditions, warning th[...]
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Fed under less pressure to speed rate hikes as wage gains cool
By Ann Saphir (Reuters) – Federal Reserve policymakers may feel less pressed to ramp up the pace of their policy tightening this month after data Friday showed wage gains slowed in February, rek[...]
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Strong US job growth persists; wage inflation shows signs of slowdown
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy added jobs at a brisk clip in February, but monthly wage growth slowed and the unemployment rate rose, pointing to some labor market loo[...]
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Brazil’s government to compensate states $5.2 billion for cut in state tax ICMS
BRASILIA (Reuters) – Brazil’s Finance Minister, Fernando Haddad, announced on Friday that the federal government will provide compensation of 26.9 billion reais ($5.2 billion) to states fo[...]
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First Republic, Western Alliance calm contagion worries from SVB meltdown
(Reuters) – U.S. lenders First Republic Bank and Western Alliance said on Friday their liquidity and deposits remained strong, calming investors worried of a spill-over of risks from troubled st[...]
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Yellen defends request for $29 billion increase in IRS enforcement funds
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday defended a Biden administration budget request for an additional $29.1 billion in IRS enforcement funds as R[...]
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