What You Need to Know About the Manchin-Schumer Deal

The proposal would raise an estimated $739 billion, with the revenues going to fund climate and health initiatives, as well as to reduce the federal budget deficit.

By Laura Davison, Ari Natter & By Alexander Ruoff | July 28, 2022 at 04:04 PM

Photos of Sens. Chuck Schumer and Joe Manchin.

Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin released the outline of a tax, climate, and healthcare deal on Wednesday, in what could prove to be major breakthrough after weeks of negotiations.

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Fed's Favored Price Gauge Rises at a Mild Pace

By Augusta Saraiva | July 26, 2024

The Federal Reserve's preferred measure of underlying U.S. inflation rose at a tame pace in June and consumer spending remained healthy—two encouraging…

Fed's Favored Price Gauge Rises at a Mild Pace

U.S. Economy Grew Faster Than Expected Last Quarter

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GDP increased at a 2.8% annualized rate, while personal spending advanced 2.3%. "This is a perfect report for the Fed."

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DOL's ESG Investing Rule Challenge Sent back to Lower Court

By Lynn Cavanaugh | July 24, 2024

Because the Supreme Court overturned 40 years of federal agency deference, the ESG case is headed back to the Texas judge who originally heard it.

DOL's ESG Investing Rule Challenge Sent back to Lower Court

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