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Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country's energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers.
The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private equity executives, to pay a lower tax rate than normal,
Work requirements for Medicaid recipients, hospitals checking citizenship status, food assistance cuts and other measures in the budget passed by the U.S. House would rearrange the U.S. social safety
The spending bill passed by the U.S. House increases a tax the richest private universities pay on their endowment investment gains, a move proponents say reins in "woke" schools but that critics say will wind up hurting the poorest students the most.
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President Trump met with holdouts again Wednesday as leaders ramp up their efforts to build support around the bill.
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Analysts said the cuts in the House budget bill will increase emissions and raise energy prices while effectively ceding the clean energy market to China.
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Bond yields inched higher and Wall Street flipped from small gains to losses before the opening bell Thursday after rising U.S. debt sank markets on the previous day. Futures for the Dow Jones Industrial Average fell 0.5% in premarket trading, while futures for the S&P 500 and Nasdaq each slid 0.3%.
WASHINGTON (Reuters) -The House budget bill that narrowly passed in an early morning vote on Thursday would effectively put the brakes on a clean energy production boom in the United States spurred by tax credits enacted in 2022.
The U.S. House of Representatives passed a major spending package that would cut funding to some social services and extend a 2017 tax code.