Smith said that the top federal tax rate will Increase to 43.4% for 26 million small businesses if Congress fails to act and allows the Section 199A Small Business Deduction to expire.

The first central bank meetings of 2025 suggest it will be a year in which policymakers go their own way as economic paths ...

The US economy expanded at a solid pace at the end of 2024, fueled by a generous tailwind from consumer spending that more than offset drags from a strike at Boeing Co. and much leaner inventory ...

In September, rates plunged to a two-year low, falling as far as 5.89%. But over the following three-plus months, the average surged almost 1.25 percentage points—before recently easing lower.