Category: Business & Economy

Less than a week after Dallas Federal Reserve Bank President Robert Kaplan sounded the alarm over the level of debt that America’s government is projected to carry, Fed Chair Jay Powell told Congress today that “the US is not on a sustainable fiscal path.”

$1.2 trillion. That’s simply staggering… It’s larger than the size of the entire Australian economy… and constitutes a loss of more than $2.2 million per minute…

Not everybody receives the same amount back in their tax refund (if they get a refund at all). HowMuch.net has created a map to show the average tax refund in every state.

The US federal debt has again been on the move, as of mid-week up to a fresh record of $20.7 trillion.  But, really, without some sort of reference point, what does that mean? Well, let’s break it down.

After more than a year of anticipation the e-commerce behemoth Amazon.com has announced today that it will launch a “Shipping with Amazon” service that will entail picking up packages from businesses and shipping them to consumers. This move will put them in direct competition with the likes of UPS and FedEx.