The milestone will not immediately affect markets or growth, but it sets the stage for months of entrenched partisan warfare.
Author: Jim Tankersley and Alan Rappeport
World Leaders Meet as Global Economy Faces Multiple Threats
High inflation, food insecurity and a possible global recession loom large as the Group of 20 summit discussions begin.
As Prices Rise Due to Inflation, Biden Turns to Antitrust Enforcers
A wide-ranging presidential order helped block a railroad merger and tackle supply-chain problems, and it is planting the seeds for bigger actions.
Biden Turns to Antitrust Enforcers to Combat Inflation
A wide-ranging presidential order helped block a railroad merger and tackle supply-chain problems, and it is planting the seeds for bigger actions.
Biden Finds Raising Corporate Tax Rates Easier Abroad Than at Home
As the Group of 20 seals a new global minimum tax for companies, the president has scaled back his plans to tax U.S. corporations more.