Economic News

By Landry SignéAfrica’s overall progress and pressing challenges such as slower growth in some major economies were the apt focus of a State of the Africa Region panel on April 13 during the Spring Meetings of the International Monetary Fund and World Bank Group. Among the solutions explored were the role of regional cooperation in…

By Edith Kikoni, Sanja Madzarevic-Sujster, Linda Van Gelder, Gallina A. Vincelette Should governments be free to set fiscal policy as they see fit, or should their decisions be constrained by numerical fiscal rules, like the European Union’s rules that debt should be less than 60 percent of GDP and the deficit lower than 3 percent…

By Joseph Kane By now, you’re probably familiar with America’s infrastructure challenge. From clogged roads, to unsafe pipes, to limited broadband access, the list goes on. Concerns over infrastructure affordability, reliability, and overall investment also remain a constant. And despite potential infrastructure solutions coming from leaders in Washington, along the campaign trail and beyond, there…

By Diana Liang On April 11, Jamie Horsley spoke on a panel about China’s Belt and Road Initiative and Asian development during a session of the American Bar Association’s Section of International Law 2019 Annual Conference, held in Washington, D.C.           

Americans are gearing up to hit the road this summer as AAA says 40 percent of families are planning a vacation. One in 3 will go on a second trip if gas prices remain affordable, but a new surge in prices has some folks hitting the brakes. Ileana Diaz reports.

Tax returns must be postmarked or filed electronically before midnight Monday. Supporters of the new tax law said most Americans would pay less this year, but Nearly 3 out of 4 people say what they owe has increased or is unchanged, according to a CBS News poll. Tony Dokoupil reports.

Oracle co-CEOs Mark Hurd and Safra Catz took home the most pay in 2018, while billionaire investor Warren Buffett barely made the list. Here’s a look at what CEOs earn at America’s biggest companies.

Taxes can put a big dent in your income, but you can offset that pain by taking advantage of these deductions

With the average refund coming in at just under $2,900, this CPA advises against shopping sprees and other splurges

By Zachary Balin On April 7, Ryan Hass spoke on a panel about China’s Belt and Road Initiative and China’s relations with the Middle East during a session of the “World Economic Forum on the Middle East and Africa,” which was held in Amman, Jordan.           

By Mark Muro, Adie Tomer, Ranjitha Shivaram, Joseph Kane Contents Introduction Why clean energy jobs matter Making clean energy sectors more inclusive The transition to a clean energy economy continues. Motivated by mounting scientific evidence, shifting market forces, and in some cases policy, U.S. industries are installing more zero-carbon energy sources, developing more energy-efficient products,…

By Leora Klapper Fresh Gallup World Poll data shows that 83 percent of adults in developing economies have a mobile phone as of 2018. That’s astonishingly good news for development because mobile phones help connect people to the jobs, business opportunities, and services they need to escape poverty. Yet digital divides persist. Overall in developing…

By Chukwuka Onyekwena, Mma Amara Ekeruch Concerns about an impending debt crisis in Africa are rising alongside the region’s growing debt levels. As of 2017, 19 African countries have exceeded the 60 percent debt-to-GDP threshold set by the African Monetary Co-operation Program (AMCP) for developing economies, while 24 countries have surpassed the 55 percent debt-to-GDP…

Keenan and Evan Overton said they found their 5-month-old son Ezra unresponsive, after he was in a Fisher-Price Rock ‘n Play Sleeper

The bill was filed days after 21-year-old University of South Carolina student Samantha Josephson was killed after getting into a

Americans spend an average of $21,000 preparing their homes for sale and paying taxes, fees and commissions.

The Duchess of Sussex and her baby will have to report their finances to the IRS, potentially exposing them to scrutiny

In our Eye on Money series, we talk about the rush to file tax returns. There is less than a week left for many people to meet the April 15 deadline. Massachusetts and Maine residents have until the 17th. The IRS reports the number of returns is down 1.4% compared with this time last year….

Shipments of the aviation giant’s top-selling jet fell sharply in the first quarter amid global focus on crashes

By Mark Muro On April 9th, Brookings Metro Senior Fellow and Policy Director Mark Muro testified to the House Transportation and Infrastructure Committee about the need to expand the Economic Development Administration’s (EDA) mission to adapt to disruptions caused by technological change. As it stands, the agency plays an essential role supporting economic adjustment and…

The Justice Department announced charges Tuesday against 24 people across the U.S.

The retail giant said it’s adding almost 4,000 new robots to its stores to shift human workers into other roles

“It is in our intent to follow the law and that is in the process of being reviewed,” Mnuchin said of House requests

Raise comes as big bank CEOs prepare to appear before Congress to discuss the role of large financial firms

Some families moved to high-tax towns because of the good school districts. Now they’re pinched by the SALT deduction cap

Government stats don’t capture how the “gig economy” can make some jobs more dangerous, often fatal, for workers

Health and safety violations at taxpayer-funded units have been climbing for years, but landlords rarely get dinged

In a video, the former Nissan chairman said his legal troubles are the result of “backstabbing” and a “plot”

After more than 14 years of feuding over subsidies for plane makers, U.S. proposes tariff hike on more than 13 pages of goods from Europe

A new report rates U.S. airlines for on-time arrivals, lost baggage, bumping passengers and consumer complaints.

The shared vehicles won’t be on Texas Tech’s hometown streets after fans burned them to celebrate Texas’ Saturday win

More Democrats say their taxes have gone up because of the tax law changes, while more Republicans say theirs have gone down

It’s the first restaurant chain public offering since 2015, and Chuck E. Cheese’s second time on the market

Don’t count on these popular deductions to lower your tax bill this year – they’re gone as part of broader tax cuts