Business & Economy

Business & Economy

Vice President Kamala Harris in Senate

Congress Approves Budget, Paving The Way For President Biden’s COVID-19 Relief Package

The House quickly approved a budget resolution intended to speed the drafting of President Biden’s $1.9 trillion coronavirus relief package. The Senate approved the same budget resolution early Friday morning. With the Senate evenly divided, Vice President Harris cast the tiebreaking vote. Continue Reading Congress Approves Budget, Paving The Way For President Biden’s COVID-19 Relief Package

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Forbes tracks the world's billionaires in almost real time. Now, a group of Washington House Democrats want to impose a wealth tax on Washington's billionaires.

Tax A Billionaire, Raise Some Cash? It’s An Idea Washington State Democrats Are Floating

Washington billionaires would pay a “wealth tax” under a proposal in the state House that will get a public hearing on Tuesday. The bill is sponsored by Democratic state Rep. Noel Frame, who chairs the House Finance Committee, and would impose a one percent tax on intangible financial property, such as stocks and bonds, futures contracts and publicly traded options. A billionaire’s first $1 billion in “taxable worldwide wealth” would be exempt. Continue Reading Tax A Billionaire, Raise Some Cash? It’s An Idea Washington State Democrats Are Floating

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Boeing 777-X jet takes off in Seattle with Olympia Mountains in the background

Pandemic Piles On Already Reeling Boeing, Leading To Nearly $12 Billion Loss In 2020

Boeing is trying to close the books on a dismal year. The aircraft manufacturer Wednesday reported that the company lost close to $12 billion in 2020, a record loss, as the pandemic depressed demand for new airplanes and the company continued to reel from its 737 Max debacle. Continue Reading Pandemic Piles On Already Reeling Boeing, Leading To Nearly $12 Billion Loss In 2020

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Shoppers walk past a "Sale" sign outside a store at the Easton Town Center Mall in Columbus, Ohio, on Jan. 7. CREDIT: Luke Sharrett/Bloomberg via Getty Images

Retail Spending Dips For 3rd Straight Month As Infections Surge

Even as people continue to splurge on shopping, they cut back on going out to eat and shop. Plus, the earlier-than-usual holiday shopping season meant online shopping as well sales of electronics and appliances dipped in December. Gas stations saw the biggest jump in spending last month, up 6.6%, as people traveled for holiday visits despite health warnings. Continue Reading Retail Spending Dips For 3rd Straight Month As Infections Surge

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