The Internal Revenue Service is projected to lose more than $313 billion in revenue in the coming decade as undocumented workers are poised to pay fewer taxes.
A rapid escalation of tariffs is dismantling the long-standing trade relationship between the U.S. and China, endangering both economies and the global market. Increased levies on goods have been implemented by both countries, with China vowing to "fight to the end." This trade war is threatening to disrupt billions of dollars in goods, potentially leading to economic recession and global instability.
In defiance of President Donald Trumps predictions, U.S. egg prices increased again last month to reach a new record-high of $6.23 despite a drop in wholesale prices and no egg farms having bird flu outbreaks.
Ahead of the dramatic market movements that accompanied those levies, the consumer price index (CPI) cooled to 2.4 percent in March from a year ago, the Labor Department said in a statement -- lower than economists' estimates.
