World Bank, IMF Launch High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth


Washington, DC (June 15, 2021)--In the face of two crises—COVID-19 and climate change—the World Bank Group and International Monetary Fund launched a High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth today to help secure a strong recovery and set a path for green, resilient, and inclusive development over the…

Fed’s Say Interest Rates To Hold At Near Zero Through 2023


WASHINGTON (March 17, 2021) — The Federal Reserve foresees the economy accelerating quickly this year but still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potentially higher inflation. With its brightening outlook, the Fed on Wednesday significantly upgraded its forecasts…

“Japan’s Oct.-Dec. GDP grows annualized 12.7%”


TOKOYO (February 15, 2021)--GDP grows annualized 12.7% TOKYO (Kyodo) -- Japan's economy in the October-December period grew an annualized real 12.7 percent from the previous quarter, continuing to recover from a coronavirus pandemic-induced slump, government data showed Monday. The expansion in real gross domestic product, the total value of goods and services produced in the country adjusted…

“The United States Takes Further Action Against Enablers of Venezuelan Oil Transactions, Including Sanctions Evasion Network”


WASHINGTON, D.C. (January 19, 2021)---today, Secretary Mike Pompeo issued this statement about sanctioning  of the illegitimate regime of Nicolas Maduro.  "The United States has sanctioned three individuals and 11 entities for their ties to a network helping Nicolas Maduro and his illegitimate regime evade U.S. sanctions on Venezuela’s oil sector. …

“Treasury and IRS Begin Delivering the Second Round of Economic Impact Payments to Millions of Americans


WASHINGTON, D.C. (December 29, 2020)----WASHINGTON – Today, the Treasury Department and the Internal Revenue Service will begin delivering a second round of Economic Impact Payments to millions of Americans as part of the implementation of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.  The initial direct deposit payments…

President Trump Signed Into Law Three Years Ago Today the Historic Tax Cuts and Jobs Act


WASHINGTON, D.C. (December 22, 2020)---today, Vice President Mike Pence tweeted: [embed]https://twitter.com/Mike_Pence/status/1341398985064505344?s=20[/embed] The Trump Administration achieved one of its top legislative  goals by enacting the first comprehensive tax reform legislation in over 30 years.  The Tax Cuts & Jobs Act (TCJA) delivers tax cuts to lower- and middle-income families and makes…