Capital gains hikes at center of Biden's tax agenda
President Joe Biden’s budget proposal — which calls for sweeping tax increases on corporations and the wealthy — is the opening round of a looming tax fight set to consume Washington next year.
Welcome to Investopedia's economics live blog, where we explain what the day's news says about the state of the U.S. economy and how that's likely to affect your finances. Here we compile data releases, economic reports, quotes from expert sources and anything else that helps explain economic issues and why they matter to you.
Today, wholesale prices gave insight into where inflation is headed and Federal Reserve Chair Jerome Powell reiterated his call for patience.
