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DESPITE $21 BILLION in savings due to the Republican tax overhaul at the 23 U.S. banks the Federal Reserve deems most important to the nation’s economy, firms still cut thousands of jobs and saw their lending growth slow. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER DILTS

Banks’ $21B tax windfall doesn’t stop their job cuts

NEW YORK - Major United States banks shaved about $21 billion from their tax bills last year - almost double the IRS’s annual budget...

The exploding debt crisis

The rising tide of red ink is undermining the economic and social fabric of the United States. Unchecked deficit spending will impose outrageous debt...

Brown-bag lunch for real estate agents will focus on reducing taxes

WARWICK – Certified public accountant Paul Dion will hold a brown-bag lunch at the Rhode Island Association of Realtors offices on Dec. 19, aimed...
U.S. COMPANY'S capital spending has slowed due to higher interest rates and the uncertainty around tariffs, among other factors. The slowdown follows a spur in spending following the most recent tax cuts. / BLOOMBERG NEWS FILE PHOTO/JIM LEE

Capital-spending slowdown flashes warning for U.S. growth

NEW YORK - Juiced by President Donald Trump’s tax cuts, business investment helped deliver a robust United States economy in the first half of...

Why housing is tanking in Northeast

Sales of new single-family houses were down 13.2 percent in September from a year earlier, the Census Bureau reported recently. That’s a lot –...
U.S. HOUSE Republican lawmakers introduced legislation Monday that would make the 2017 tax cuts for individuals permanent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Tax Cut 2.0 bill unveiled by House GOP ahead of election...

NEW YORK - House Republican lawmakers introduced legislation Monday that would make the 2017 tax cuts for individuals permanent in a bid to highlight their...
INVESTING IN R.I.: Democratic gubernatorial candidate Matt Brown says Rhode Island should follow North Dakota in setting up a revenue-generating bank for the state. He says the lending bank would partner with local community groups and credit unions, with profits reinvested in the state. / PBN PHOTO/MICHAEL SALERNO


Matt Brown wants R.I.’s governor to focus less on business interests...

Matt Brown, a longtime activist for social, educational and environmental causes, wants to bring that mission to the top level of state government next...
IN AN ECONOMIC LETTER, an economic letter from the Federal Reserve Bank of San Francisco, economists Tim Mahedy and Daniel Wilson wrote that analysts may have overestimated the benefits of the Tax Cuts and Jobs Act of 2017. / BLOOMBERG FILE PHOTO/JULIA SCHMALZ

Growth benefits of U.S. tax cuts may be overestimated

NEW YORK - United States growth expectations may be too rosy as analysts overestimate how much tax cuts will boost the economy, according to...

Tax cuts will hurt charities

Philanthropic organizations have been on edge since Republicans rammed through the monumental tax bill: Will Americans give as generously now that the incentives have...
WILLIAM DUDLEY, president and chief executive officer of the Federal Reserve Bank of New York, says the risk of an overheating U.S. economy in the next few years, partly fueled by tax cuts, reinforces the case for continued gradual interest-rate increases. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Fed’s Dudley worries tax cuts risk overheating U.S. economy

NEW YORK - The risk of an overheating U.S. economy in the next few years, partly fueled by tax cuts, reinforces the case for continued gradual...
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