US Paying More to Borrow as Fed Raises Rates, Inflation Stays Elevated

Yields on US Treasurys are rising as the Federal Reserve lifts interest rates to try to cool inflation, a development that could increase federal government borrowing costs over time to levels higher than currently projected. Government spending on net interest costs in the fiscal year that began last October totaled about $ 311 billion through … Read more

Colombian President-Elect’s Economic Revamp Faces Cost Crunch – The Wall Street Journal

Colombian President-Elect’s Economic Revamp Faces Cost CrunchThe Wall Street Journal Colombia: President-elect looks to build governing coalitionThe Washington Post The Guardian view on Colombia’s election: a chance for a changeThe Guardian Colombia’s shift to the left: A new ‘pink tide’ in Latin America?Al Jazeera English View Full Coverage on Google News

Fight the Bear-Market Blues With a Roth IRA Conversion

Attention, retirement savers: Do not get spooked by the bear market and forget about doing a Roth IRA conversion. With prices down, the upside could be terrific. On the other hand, do not rush into a willy-nilly conversion. This move is never appropriate for some people and not a sure thing for anyone.

Japan Adopts View That Huge Government Debt Doesn’t Matter

TOKYO — When Japan’s leader released his economic vision Tuesday, he left out an important date. Prime Minister Fumio Kishida deleted a pledge from earlier government statements calling for Japan’s budget to be balanced by 2025. And he declined to give a date by which Japan would do something to lower its government debt, while … Read more

Yellen Says She Never Urged Smaller Rescue Package Over Inflation Concerns

WASHINGTON — Treasury Secretary Janet Yellen denied that she tried to decrease the size of the $ 1.9 trillion rescue package Democrats approved in early 2021, defending legislation that is now a focus of debate about the causes of currently high inflation. Ms. Yellen’s statement Saturday comes after Bloomberg News reported that a forthcoming biography … Read more

Falling Markets Will Crush Government Budgets

A trader works on the floor of the New York Stock Exchange, Aug. 21, 2015. Photo: Brendan McDermid / REUTERS Investors are painfully aware of the plunge in stock and bond markets so far in 2022. Are federal and state officials aware of the damage plunging markets will soon do to public budgets and finances? … Read more

Rand Paul Blocks Quick Passage of Ukraine Aid Bill

WASHINGTON — The Democratic and Republican leaders of the Senate tried to fast track a nearly $ 40 billion US aid package to help Ukraine in its fight against Russia, only to be blocked by Republican Sen. Rand Paul of Kentucky, pushing passage of the bill into next week. Senate Majority Leader Chuck Schumer (D., … Read more

The Best Job Markets Aren’t in the Biggest Cities

The hottest job markets in America are in five different states, but they have a lot in common. They’re in midsize cities, all with a population under 2.3 million. They’re in states with fairly low income taxes, or none at all. And their climates allow for outdoor activities all year round. They are: Austin, Texas; … Read more

The Best Job Markets Aren’t in the Biggest Cities

The hottest job markets in America are in five different states, but they have a lot in common. They’re in midsize cities, all with a population under 2.3 million. They’re in states with fairly low income taxes, or none at all. And their climates allow for outdoor activities all year round. They are: Austin, Texas; … Read more

Why ‘tax day’ may explain Tuesday’s 500-point Dow rally: Fundstrat’s Tom Lee

Investors scrambled for reasons to explain a sharp stock-market surge Tuesday that saw the Dow Jones Industrial Average jump nearly 500 points as major indices turned in their best performance in a month. A look at the calendar may offer the best explanation, argued Fundstrat co-founder Tom Lee. “Equities have fallen in a straight line … Read more