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Tag Archives: tax cut

Economists say U.S. needs more taxes, spending cuts

NEW YORK — The best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, according to a group of economists. The 236 members of the National Association for Business Economics recently surveyed say ...

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The Fed gets a helping hand in bid to stimulate economy

WASHINGTON — The Federal Reserve last month absorbed a wave of criticism for announcing it will buy $600 billion in Treasury bonds to try to revitalize the economy. It won’t help, critics said. So when Fed officials meet Tuesday, they’re ...

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Hopes for Senate passage of tax deal lifts stocks

NEW YORK — Expectations that a tax cut package will pass the Senate and a round of corporate deals pushed stocks higher Monday. Bond yields fell after touching their highest levels since June. Deals announced Monday include General Electric Co.’s ...

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