Economy

Economy

As inflation intensifies, the IRS is increasing the standard deductions for 2023

8:18am October 19, 2022

High inflation means some taxpayers will pay less to the IRS next year, and some will be dropped into a lower tax bracket. NPR's Leila Fadel talks to Jacob Bogage of The Washington Post.

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Biden will release another 15 million barrels from the strategic petroleum reserve

7:43am October 19, 2022

President Biden is under pressure to show he's doing all he can to bring down prices at the pump. He plans to talk Wednesday about how he'll pull more oil from emergency reserves.

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News brief: Ukrainian infrastructure, Biden addresses gas prices, Haiti crises

6:29am October 19, 2022

Russian attacks are destroying Ukraine's infrastructure as winter nears. President Biden is making more moves to rein in gas prices. Haiti suffers as gangs keep a stranglehold on supply lines.

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Dallas Theater Center on Oct. 4, 2022. The play "Trouble in Mind" is about racism in a white theater company in the 1950s.

Without more federal money, what will regional theaters do?

5:11am October 19, 2022

by Sonari Glinton

Subscriptions and ticket sales are down, but theater is needed more than ever. What theaters are doing to survive.

A sign outside the Internal Revenue Service building in Washington, on May 4, 2021.

The IRS is increasing the standard deductions for 2023 as inflation intensifies

2:05am October 19, 2022

by Ayana Archie

The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.

Biden administration plans to release 15 million barrels from U.S. oil reserves

9:46pm October 18, 2022

President Biden is set to announce Wednesday that the U.S. plans to draw 15 million barrels of oil out of its strategic stockpiles in December.

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Economy

New Mexicans are applying for special federal fire recovery funds

4:26pm October 18, 2022

by Alice Fordham

New Mexicans are learning how to apply for $2.5 billion in special federal fire recovery funds after escaped U.S. Forest controlled burns caused the largest fire in state history this summer.

Economy

Higher interest rates are both helping and hurting big banks

4:26pm October 18, 2022

The Federal Reserve's attempts to slay the dragon of inflation are creating a major shift for large U.S. banks, with big-money deals falling through but interest income rising.

Inflation is coming from inside the house. Rising prices are forcing tough decisions.

Economy

You can run, but you can't hide: Inflation is busting budgets, and killing joy too

11:55am October 18, 2022

by Stacey Vanek Smith

Inflation is hitting Americans hard at home with prices soaring for electricity, groceries, rent, even breakfast. A carton of eggs is 30.5% more expensive than it was last year.

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Wei Kang Ding and Judy Zhu outside of a candidate debate hosted by high school students on Sept. 28. in Johns Creek, Ga. Ding and Zhu say they are still doing their election research.

Suburbs delivered recent wins for Georgia Democrats. This year, they're up for grabs

10:52am October 18, 2022

by Sam Gringlas

Whether Democrats can hold onto the Georgia suburbs may come down to candidate quality, shifting demographics and whether voters are more discouraged by inflation or abortion restrictions.

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