Economy
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Treasury Department is set to lay off a ‘substantial’ number of employees, official says
People take pictures of the U.S. Treasury Department building in Washington, D.C., on Feb. 6, 2025. Mandel Ngan | AFP…
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British businesses pile on the pressure on U.K. Financial Minister Reeves ahead of budget update
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London,…
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Consumer confidence in where the economy is headed hits 12-year low
Shoppers walk near a Nordstrom store at the Westfield UTC shopping center on Jan. 31, 2025 in San Diego, California.…
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The probability of a recession is approaching 50%, Deutsche markets survey finds
U.S. dollar banknotes and a label with the word “Recession” are seen in this illustration taken March 19, 2025. Dado…
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Tax revenue collected by the IRS set to plummet, report says
A view of the Internal Revenue Service (IRS) building in Washington, D.C., U.S., February 16, 2025. Annabelle Gordon | Reuters…
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Investors’ optimism is growing around the UK economy as U.S.-EU trade disputes mount
LONDON — Some investors are expressing a growing optimism about the U.K.’s economic outlook despite the country’s long-standing structural weaknesses,…
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Chicago Fed President Goolsbee sees rate cuts depending on inflation progress
Chicago Federal Reserve President Austan Goolsbee said Friday he still sees interest rate cuts in the cards though risks are…
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Accenture is DOGE’s first corporate casualty as shares dive on warning contracts will be cut
Accenture signage is pictured in Warsaw, Poland, on Aug. 7, 2024. leksander Kalka | Nurphoto | Getty Images Shares of…
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Trump says the Fed should cut rates to ease the economy’s transition to his tariffs
U.S. President Donald Trump reacts as he meets NATO Secretary General Mark Rutte (not pictured), in the Oval Office at…
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U.S. households are running out of emergency funds as pandemic cash runs out, inflation takes its toll
Vithun Khamsong | Moment | Getty Images It is becoming harder for Americans to come up with money in case…
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