House Democrats proposed hiking taxes on big corporations and the wealthy Monday. The increased funding from the tax hike would go to pay for President Joe Biden’s $3.5 trillion infrastructure plan. The Democrats’ proposal is to bump up the top tax rate to 39.6 percent on couples earning more than $450,000 per year. There would…

In a continuation of recent attacks that peaked back in May, Israel and Palestinian militant group Hamas traded attacks Monday. The Israeli military reported three separate rocket launches from Hamas late Sunday and early Monday. At least two of them were intercepted by Israel’s rocket defenses. The Israel Defense Forces said it attacked a number…

Solar energy could power 40 percent of America’s electricity by 2035 according to a report released Wednesday by the Department of Energy. The Solar Futures Study also said solar power could employ as many as 1.5 million people in that same time frame. According to the report, the U.S. added a record 15 gigawatts (GW)…

The August jobs report released Friday indicated a slowdown in jobs added compared to the previous two months. 235,000 jobs were added in August, compared to about 1 million jobs a month in June and July. The video above show President Joe Biden discussing the report. “While I know some wanted to see a larger number…

Federal reserve officials exert too much influence over financial markets and economic outcomes. It’s time to confront the increasing dominance of our central bank.

Federal Reserve Chair Jerome Powell said the Fed will begin to dial back some of the pandemic-era adjustments made to keep the economy going during the height of COVID. His announcement came during his keynote speech at an annual gathering of central bankers and academics. The Fed will taper off its $120 billion a month…

Despite the emergence of the Delta variant, the U.S. economy will likely grow in the months ahead. But the impact on businesses both at home and abroad will be significant.

As the United States pulled out of Afghanistan, China strengthened its relationship with the Taliban. Many speculate that China’s looking to take advantage of Afghanistan’s natural resources and overall economy as a part of its Belt and Road Initiative.

The Biden administration announced Monday it would increase food stamp benefits by the single largest amount in the program’s history starting in October. Average benefits for the Supplemental Nutrition Assistance Program, or SNAP, will go up more than 25 percent compared to pre-pandemic levels. It will replace a 15 percent increase in SNAP benefits put in…

Democrats unveiled their new plan for budget reconciliation Monday, and it did not include raising the debt ceiling. Republicans had been saying this is something Democrats need to do on their own, pushing them to pass a ceiling increase though reconciliation, which needs just 50 votes. For months, Treasury Secretary Janet Yellen has been begging…