U.S. Steel is investing $750 million to upgrade its 110-year-old plant in Gary, Indiana, attributing the decision to President Trump’s new tariffs on steel imports.
The Treasury Department reported the federal government collected a record amount of individual income taxes so far in fiscal 2018, but ran a $683,965,000,000 deficit.
Home sales in Southern California fell in June, dropping 11.8 percent since June 2017. “People can’t afford homes anymore,” said a real estate agent in Pasadena.
In a 5-4 decision handed down on June 21, the Supreme Court cleared the way for states to force online retailers to charge all customers sales tax.
Boom and bust is more a result of government-caused inflation than any action taken in the free market.
The Texas Bullion Depository, a gold-backed bank that would allow depositors to store precious metals and bypass the Federal Reserve System, opened in Austin on July 13.
Just one month after Seattle voted unanimously to pass a head tax on businesses such as Starbucks and Amazon, the City Council repealed it by a vote of 7-2, noting that the head tax (not surprisingly) hurts businesses.
The United States has asked OPEC producers to increase oil production by about one million barrels a day after Trump complained about “artificially very high” oil prices.