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The Infrastructure Investment and Jobs Act ( IIJA ), also known as the Bipartisan Infrastructure Law ( BIL ), ( H.R. 3684) is a United States federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on November 15, 2021. It was introduced in the House as the INVEST in America Act and nicknamed the ...
Paramount Global will cut about 15% of its U.S.-based workforce, co-CEO Chris McCarthy said on Thursday. The media company disclosed its plans for the layoffs as it released its second-quarter ...
Macroeconomics. In economics, stagflation (or recession-inflation) is a situation in which the inflation rate is high or increasing, the economic growth rate slows, and unemployment remains steadily high. Stagflation, once thought impossible, [ 1] poses a dilemma for economic policy, as measures to reduce inflation may exacerbate unemployment.
The United States Revenue Act of 1964 ( Pub. L. 88–272 ), also known as the Tax Reduction Act, was a tax cut act proposed by President John F. Kennedy, passed by the 88th United States Congress, and signed into law by President Lyndon B. Johnson. The act became law on February 26, 1964.
The United States House of Representatives is the lower chamber of the United States Congress, with the Senate being the upper chamber. Together, they comprise the national bicameral legislature of the United States. [ 1][ 2] The House is charged with the passage of federal legislation, known as bills; those that are also passed by the Senate ...
The ACT ( / eɪ siː tiː /; originally an abbreviation of American College Testing) [ 10] is a standardized test used for college admissions in the United States. It is administered by ACT, a nonprofit organization of the same name. [ 10] The ACT test covers four academic skill areas: English, mathematics, reading, and scientific reasoning.
The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions ...
The Dow Jones Industrial Average was reeling by 864 points, or 2.2%, as of 11:40 a.m. Eastern time, and the Nasdaq composite slid 2.7%. The drops were just the latest in a global sell-off that ...