The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers gain confidence and the government distributes aid throughout the economy.
The world has averted a systemic debt crisis amid the pandemic. However, the poorest developing countries continue to face significant debt problems, raising global worries over multiplying debt traps by creditors like China.
President Biden on Monday defended his push to raise corporate taxes to pay for higher infrastructure spending, while Treasury Secretary Janet Yellen made the case for a global minimum tax that would prevent U.S. companies from moving overseas to avoid higher taxes at home.
With more than half of school districts across the country still in remote or hybrid mode, your children won’t see the new money, but they’ll be the ones who pay.
The U.S. government’s road safety agency has opened two investigations into problems with Volkswagen vehicles, including one that alleges serious gasoline leaks under the hood.
