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Taxes & Budget

Coverage of the national budget and your taxes.

In this Jan. 29, 2021, file photo, President Joe Biden meets with Treasury Secretary Janet Yellen in the Oval Office of the White House in Washington. (AP Photo/Evan Vucci, File)

Why stop at the U.S. border? Team Biden eyes ‘global minimum corporate tax’

- The Washington Times

President Biden on Monday defended his push to raise corporate taxes to pay for trillions of dollars in infrastructure spending, while Treasury Secretary Janet L. Yellen said she is working with G20 countries to create a global minimum tax that would discourage U.S. companies from moving overseas to avoid higher taxes at home.

In this March 4, 2021, file photo, a sign reading "Welcome Back Now Open" is posted on the window of a Morton's Steakhouse restaurant as a man works inside during the coronavirus pandemic in San Francisco. California added 141,000 jobs in February as more than a quarter of a million people returned to the workforce. The California Employment Development Department said Friday, March 26, that the state's unemployment rate in February was 8.5%, down from 9% in January. (AP Photo/Jeff Chiu, File)

U.S. jobless claims rise to 719K as virus still forces layoffs

- Associated Press

The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signaling that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered and federal aid spreads through the economy.