Martin’s Recent Stories
Economy Mar 18Q&A — What does 90-day tax payment delay mean for filers?
The Trump administration has announced that most individuals and businesses will be allowed to delay paying their federal tax bills for 90 days as part of an emergency relief plan amid the coronavirus pandemic.
Economy Mar 11Trump administration weighs delaying tax deadline amid virus outbreak
Mnuchin says a payment delay would have the effect of putting more than $200 billion back into the economy.
Economy Feb 27U.S. economy grew 2.1 percent in Q4 2019
The economy grew at the end of last year, but damage from the spreading novel coronavirus is likely depressing growth in the current quarter and for 2020 as a whole.
Economy Feb 12U.S. on track for first $1 trillion budget deficit since 2012
The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago.
Making Sen$e Feb 11WATCH: Federal Reserve Chair Powell says economy looks resilient despite risk of China virus
Powell said the Fed is monitoring developments stemming from the coronavirus, which he said "could lead to disruptions in China that spill over to the rest of the global economy."…
Economy Jan 16U.S. Treasury announces it will begin selling new 20-year bond
Faced with financing budget deficits topping $1 trillion annually, the Treasury is introducing a new 20-year bond.
Economy Jan 13U.S. drops designation of China as currency manipulator
Treasury Secretary Steven Mnuchin said the administration had dropped China’s designation as a currency manipulator because of commitments in the Phase 1 trade agreement that President Donald Trump is to sign with China on Wednesday at the White House.
Economy Nov 27U.S. economy grew at a moderate 2.1% annual rate last quarter
The growth was slightly faster than predicted, but many economists say they think growth is slowing sharply.
Nation Nov 13U.S. budget deficit surges to $134.5 billion in October
The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record.
Economy Nov 05U.S. trade deficit falls to lowest level in 5 months
The Commerce Department said Tuesday that the September gap between what America buys from abroad and what it sells shrank by 4.7% to $52.5 billion.