Biden budget aims to cut deficits by nearly three trillion
The White House on Wednesday outlined a budget plan seeking deficit reduction of about 3 trillion over the next decade, a sharper goal than the 2 trillion promised in the State of the Union. It contrasts with House Republicans who seek a balanced budget but have not released a blueprint. Administration officials argue GOP tax plans would add about 3 trillion to the debt, and the plan proposes raising the Medicare payroll tax on high earners and taxing billionaire wealth.
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Joe Biden
White House
Biden
State of the Union
Powell Says No Decision on Fed Next Rate Move Yet
Federal Reserve Chair Jerome Powell told Congress there has been no decision on the size of the upcoming rate hike at the March meeting. He noted the data could justify faster tightening, but stressed policymakers have not committed to a specific path, contrary to market expectations.
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US Sues to Block JetBlue Spirit Airlines Deal
The Biden administration filed an antitrust lawsuit in Boston to stop JetBlue Airways 3.8 billion acquisition of Spirit Airlines. The case argues the tie up would reduce competition, raise fares, and end the nation's largest ultra low cost carrier, harming cost-conscious travelers.
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IndustryRankings Money Fund Details by iMoneyNet Inc
IndustryRankings reports money fund data provided by iMoneyNet Inc. The notice highlights iMoneyNet as the source of fund rankings and commentary on money fund performance and related metrics for investors and industry watchers.
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