Economics

In-depth economics analysis and news for business executives.

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Washington Ballot Measure Would Block Income Tax Before It Takes Effect

Washington voters will decide in November whether to repeal a 9.9% income tax on earners above $1 million before it takes effect in 2028.

15h ago

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Policy

Congress Proposes $30 Billion Aviation Bill, Only 40% Goes to Air Traffic Control

New Senate bill allocates $30 billion for aviation, but only 40% funds air traffic control modernization. Remaining $18 billion targets airport facilities, with entire sum borrowed without offsetting revenues.

16h ago

Economics

Minnesota Added 33,600 Jobs Since ICE Surge, Report Challenges Loss Estimate

A conservative think tank challenges claims that ICE's Metro Surge cost Minnesota 32,000 jobs, noting the state actually added 33,600 positions during the same period examined.

1d ago

Healthcare

Drug Patent Tactics Delay Generics, Push Up Prices, R Street Report Finds

R Street Institute finds brand-name drug companies use patent thickets and serial litigation to extend market dominance, delaying generic competition and keeping prescription drug prices unnecessarily high for Americans.

2d ago

Economics

Milwaukee Budget Relies on Reserves to Close Gaps as Costs Outpace Revenue

Milwaukee's 2027 budget draws record reserves to close gaps, while borrowing rises and core costs outpace revenue growth, signaling mounting financial strain despite near-term stability.

2d ago

Economics

Trading Assets at Largest U.S. Banks Hit $3.7 Trillion, Double 2019 Total

Trading assets at the eight largest U.S. banks doubled to $3.7 trillion since 2019, boosted by regulatory changes and market growth, representing 20% of their total assets.

2d ago

Economics

AI Investment Surge Pushes Tech Prices to 13% Inflation, Highest on Record

AI infrastructure investment drives tech inflation to record 13%, reversing decades-long price declines. Fed report projects gradual return to 2% inflation by 2028 amid geopolitical uncertainties.

2d ago

Economics

Businesses Face 6.3% Inflation Rate, Worst Since 2022, Fed Report Shows

Business inflation hit 6.3% in September, the worst since late 2022, driven by energy and services costs surging far faster than consumer prices, according to federal data.

2d ago

Policy

Trump Cut 10% of Federal Workers, but Spending Rose and Deficit Widened

Trump's DOGE cut over 10% of federal workers, but spending and deficits grew. Contractors replaced many positions, concentrated in defense and homeland security agencies.

2d ago

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