Washington, U.S. government and media reports showed the overall 2025 trade deficit narrowed slightly to $901.5 billion, while the goods deficit rose to a record $1.24 trillion, as December's deficit jumped to $70.3 billion after imports surged. President Donald Trump attributed a 78% trade-deficit reduction to his tariffs, introduced April...
WASHINGTON Federal Reserve economists and a JPMorganChase Institute analysis found tariffs imposed last year increased costs for U.S. firms and consumers. On Feb. 19, JPMorganChase reported midsized firms' tariff payments tripled, affecting companies that employ about 48 million people. A New York Fed paper similarly found American companies and consumers...
WASHINGTON: President Donald Trump's administration announced on Tuesday three Japan-financed projects worth $36 billion, representing the first tranche under Tokyo's $550 billion U.S. investment pledge tied to a trade deal reducing tariffs to 15 percent. The projects include a 9.2-gigawatt natural gas power plant in Portsmouth, Ohio to be operated...
United States. Regional gasoline prices moved modestly this week as national averages edged higher, according to GasBuddy and AAA surveys. Michigan averages rose to $2.98 per gallon after a 15-cent weekly increase, while Indiana averaged $2.80 and Ohio's Toledo area held at $2.74. South Carolina's state average fell to $2.55,...
WASHINGTON — Consumer prices rose 2.4% year-over-year in January, down from 2.7% in December, as gas prices and apartment rent growth cooled, official U.S. data show. Core inflation, excluding food and energy, increased 2.5% year-over-year, the smallest gain since March 2021, after rising 2.6% in December. On a monthly basis,...
WASHINGTON — The U.S. Labor Department reported Friday that consumer prices rose 2.4% in January from a year earlier, down from 2.7% in December, while core CPI excluding food and energy rose 2.5%. Monthly inflation showed modest gains, with headline up 0.2% and core up 0.3%, driven by lower gasoline...
Phoenix, Arizona Governor Katie Hobbs vetoed a tax conformity bill this week, leaving state income tax filings uncertain and raising the prospect that some early filers may need to refile; lawmakers continue to propose alternative packages. Atlanta lawmakers advanced bills lowering Georgia's income tax rate toward 4.99 percent. Dallas-area analysis...
Washington: U.S. employers added 130,000 jobs in January and the unemployment rate fell to 4.3 percent, the Labor Department reported Wednesday, signaling unexpected payroll strength. Major revisions reduced 2024–2025 job gains to about 181,000, lowering prior estimates substantially; health care led hiring while federal payrolls declined. Based on 6 articles...
New York — State and local tax authorities set filing and payment deadlines for returns on April 15, 2026. Connecticut, New Jersey, Maryland and Washington, D.C. aligned their 2026 individual income tax deadlines with the federal calendar. Taxpayers must file or request extensions by April 15; approved extensions generally extend...
United States. State lotteries reported transfers and jackpots, with state officials confirming revenue and prize claims. The Mississippi Lottery transferred $12,060,016.71 in January, bringing fiscal contributions to $78,654,982.31 and nearing an $80 million transportation cap; later proceeds will fund education. In Michigan, a Ludington three-person club claimed a $1 million...
