The eurozone has always had a fundamental weakness compared with the U.S. when dealing with financial and economic crises: While its 19 countries share a currency and interest-rate policy, they have no common tax-raising or spending power. In 2020, the European Union took a big step toward correcting that deficiency […]
fiscal
Fiscal Responsibility Doesn’t Mean What It Used To
Read: The Great Recession is still with us In retrospect, the fears were overblown. The United States posted huge deficits during the Trump years, before the coronavirus recession, in part due to the passage of $2 trillion in tax cuts. America’s debt swelled to 70 percent of GDP, then 75 […]
S&P 500, Nasdaq clinch record closes on renewed hopes for fiscal aid package
Sen. Joe Manchin, D-W. Va., speaks alongside a group of Democratic and Republican lawmakers as they announce a proposal for a COVID-19 relief bill on Tuesday. Saul Loeb/Agence France-Presse/Getty Images U.S. stocks ended higher Tuesday, beginning the month on a positive note amid hopes Congress could make progress towards a […]
Levi Strauss & Co. (LEVI) Q3 fiscal 2020 sales fall 27%
Levi Strauss & Co. shares soared more than 9% Tuesday after the denim maker reported online sales growth of 52%, which helped offset losses elsewhere in the business during the fiscal third quarter. Management told analysts it expects the strong performance will continue into the holiday quarter, though it is calling […]
How essential workers with little free time can get their fiscal house in order
Dear Ms. MoneyPeace: I am a working mom with two children studying from home. I’ve read about making use of time at home to declutter, rearrange financial priorities and consider ways to save. Please write something for those of us overworked who need to improve our financial situation but do […]