Correspondent, Washington
Jason's Feed
Jan 30, 2015
Jan 28, 2015
Jan 21, 2015
Jan 21, 2015
Jan 21, 2015

In U.S. tax reform talks, small firms fear missing out on relief

WASHINGTON (Reuters) – President Barack Obama’s administration recently sent a blunt message to small business owners who worry tax reform could leave them paying higher income tax rates than corporations: Consider going corporate yourselves.

In a closed-door meeting with lobbyists on Jan. 13, Treasury Secretary Jack Lew fielded questions on whether it would be fair to cut the corporate rate without lowering rates for businesses that pay tax through their owners’ individual filings.

Jan 21, 2015

Obama trumpets rising U.S. wages; data has a more somber tone

WASHINGTON, Jan 20 (Reuters) – When President Barack Obama
called attention on Tuesday to rising U.S. wages, he noted
employers had not planned so many raises in years. But what he
left out is that government data suggests actual wage increase
are stuck in low gear.

“Today, thanks to a growing economy, the recovery is
touching more and more lives,” Obama said in his annual State of
the Union address.

Jan 15, 2015

Global economic outlook is glum despite cheaper oil: IMF

WASHINGTON (Reuters) – A sharp drop in oil prices and a stronger U.S. economy probably won’t be enough to brighten the outlook for global growth this year, the head of the International Monetary Fund warned on Thursday.

IMF Managing Director Christine Lagarde said that while cheaper oil would help the world’s consumers, the United States would likely be the only major economy to buck a trend of weakness in investment and consumption.

Jan 14, 2015

Oil price drops bring pain to Texas, North Dakota – Fed

WASHINGTON, Jan 14 (Reuters) – A plunge in energy prices is
hitting America’s oil and gas producers, leading some firms to
lay off workers while others struggle to get loans, the Federal
Reserve said on Wednesday.

A wide range of policymakers, investors and economists think
cheaper oil overall will benefit the U.S. economy, principally
by letting households spend more money on other things.

Jan 14, 2015

Oil price drops help some, hurt others in U.S. economy: Fed

WASHINGTON (Reuters) – A plunge in energy prices helped many Americans spend more freely in November and December, but it also weighed on those with livelihoods tied to the oil industry, the Federal Reserve said on Wednesday.

All told, the Fed’s monthly Beige Book report on business activity showed the economy continued to expand, according to anecdotes collected from contacts nationwide on or before Jan. 5.

Jan 14, 2015