The Tax Cuts and Jobs Act (TCJA) became effective over six years ago as a major Trump administration tax code overhaul, making it the biggest change to tax law and policy in recent decades.

The stock market closed with steep losses Wednesday after the Federal Reserve cut interest rates but projected higher borrowing costs and steeper inflation for 2025. The Dow Jones Industrial ...

It was the third rate cut in as many meetings of the Fed's policy committee, which began cutting rates from a two-decade high in September. The Fed indicated future rate cuts may be fewer and ...

The Fed announced Wednesday a quarter-point cut to its benchmark rate. The rate cut aims to ease borrowing costs and boost economic growth, but it appears unlikely that Americans will enjoy that ...

For more audio journalism and storytelling, download New York Times Audio, a new iOS app available for news subscribers. Hosted by Tracy Mumford Featuring Ben Casselman and Edgar Sandoval Produced ...

Fed chair Jerome Powell at a November news conference. Photo: Andrew Caballero-Reynolds/AFP via Getty Images Smarter, faster on what matters.

China signalled further stimulus measures including raising its budget deficit ratio in 2025 at a key economic meeting that sets policy priorities for the coming year. Top officials led by ...

On a call with reporters to preview the announcement, IRS Commissioner Danny Werfel said improvements made to the agency during his term will help the incoming administration and new Republican ...

The cuts appear to include back-office workers and junior staffers, as well as top-level specialists in key departments. “It’s absolute panic over there,” a former executive who spoke with ...

SEATTLE — Boeing has laid off hundreds of additional employees in Washington state and California as part of planned cuts that will eventually reduce the company’s workforce by about 17,000.

The TV presenter, 64, who announced their split in May, made a not-so-subtle dig at her former partner on today's episode of the ITV show. Former This Morning co-hosts Ruth and Eamonn had been ...