BusinessHow the Fed may ace, or flub, its inflation call
Ann Saphir
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Travelers queue in a security line limited to every other lane for social distancing at Seattle-Tacoma International Airport in SeaTac, Washington, U.S. April 12, 2021. REUTERS/Lindsey Wasson
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As the U.S. economic recovery builds momentum, Americans will need to brace for a burst in prices of everything from airfare to lumber, cars to diapers.
U.S. central bankers, charged with keeping prices steady along with getting the economy to full employment, say the pain will soon pass and much of the coming pickup in inflation should peter out after several months.
United StatesBiden eyes $80 bln IRS boost to help fund family programs -NY Times
Reuters
3 minutes read
U.S. President Joe Biden speaks speaks during a brief appearance at the White House in Washington, U.S., January 25, 2021. REUTERS/Kevin Lamarque
President Joe Biden will seek an extra $80 billion to fund U.S. tax collections that would help pay for his plan to bolster childcare, universal prekindergarten education and paid leave for workers, the New York Times reported on Tuesday.
The Democratic president s proposal to boost the Internal Revenue Service s budget over 10 years would help the agency curb tax evasion through audits of high earners and large corporations and include new disclosure requirements, the Times said, citing two people familiar with the plan.
1,849 White House: VP Kamala Harris hasn t visited border because she s working on a diplo
White House: VP Kamala Harris hasn t visited border because she s working on a diplomatic level, focused on root causes
Phil Shiver April, 27,2021
White House press secretary Jen Psaki said Monday that Vice President Kamala Harris, charged with leading the Biden administration s efforts to manage the ongoing immigration crisis, has not visited the U.S.-Mexico border because her focus is on root causes of migration and she s primarily working on a diplomatic level.
What are the details?
The vice president is facing mounting scrutiny this week over her failure to visit the border or even so much as hold a news conference about the ongoing crisis in the more than a month time frame since being tasked by President Joe Biden with stemming the migration.
EnergyExxon seeking temporary workers for Beaumont, Texas, refinery during lockout -sources
Reuters
2 minutes read
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015.
Exxon Mobil Corp (XOM.N) is looking for temporary workers for its Beaumont, Texas, refinery beginning in May when it has threatened to lock out 650 workers at the plant, sources familiar with the search said on Monday.
Exxon told the United Steelworkers union (USW) last week that hourly employees - employees paid by the hour who are entitled to overtime - will be locked out of their jobs at the refinery if there is not a new contract agreement by Saturday.