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How the Biden administration is doing on its goal of getting more loans to minority small business owners
Maskot | Digitalvision | Getty Images The United States has experienced a small business boom in recent years, and people of color are a large part of that success, making progress on historical underrepresentation of Black and brown entrepreneurs in America. From 2010 to 2020, the minority population grew from 36.3% to 42.4%, but the…
House Republicans push IRS for answers on processing pause for small business tax credit
Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters House Republicans are pressing the IRS for answers after the agency paused processing new claims for a pandemic-era small business tax break. Lawmakers voiced “continued concerns” about the…
Congress has a deal to fund the government and not much time to pass it
Comment on this storyComment Add to your saved stories Save Congressional leaders reached a $1.66 trillion agreement Sunday to finance the federal government in 2024, preserving funding for key domestic and social safety net programs despite GOP demands to cut the budget. Now lawmakers are up against a stiff deadline to pass legislation to codify…
Electric cars: Sales lose momentum, prompting tax cut calls
Despite the delay in the ban, firms will still be forced to meet strict quotas for selling electric cars from January, ensuring that more than one in five cars sold are zero emission models. If not, they will face heavy fines and the target will go up each year until 2030.
London Tube strikes called off as more pay talks planned
The RMT’s general secretary Mick Lynch said: “Following further positive discussions, the negotiations on a pay deal for our London Underground members can now take place on an improved basis and mandate with significant further funding for a settlement being made available.”
Here’s What President Biden’s COVID-19 Travel Bans Mean For You
In his first week in office, President Joe Biden has reimposed a host of COVID-19 travel restrictions, while also repealing Donald Trump’s discriminatory Muslim ban. The actions mean the US will now start allowing visitors from predominantly Muslim and African countries who were previously restricted from entering the US under Trump. At the same time,…