US Economy

TL/DR - The US economy continues to outperform its global counterparts, according to data from the International Monetary Fund (IMF) and other sources analysed by the US Department of Treasury. The analysis showed the US's economic output, labour market resilience, and slowing inflation were growing stronger than anticipated throughout 2023. The…

TL/DR - The IRS has announced that it has collected $122 million in back taxes from 100 cases involving millionaires who were significantly behind on their payments, bringing the total recent collection from wealthy households to $160 million. This comes after a tax and climate package enacted last summer earmarked billions for the IRS to overhaul…

TL/DR - London-listed hydrogen firm ITM Power plans to enter the US market due to the potential offered by the $370bn Inflation Reduction Act (IRA) for green hydrogen production. The company sees the US as a possible major market for electrolysers, devices that use electricity to split water into hydrogen and oxygen, to produce low-emission…

TL/DR - The Black Farmers & Agriculturalists Association (BFFA) has met with black farmers in Arkansas to provide information on applying for financial assistance from the U.S. Department of Agriculture (USDA). The USDA has $2.2 billion set aside as part of the Inflation Reduction Act of 2021 for farmers who have experienced discrimination…