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U.S. President Joe Biden unveils 2024 budget

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2 years ago

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The President highlighted his plan as the economy continues to suffer with high inflation

U.S. President Joe Biden released his 2024 budget.

The President laid out his policy positions in his new proposed budget on Thursday in Philadelphia.

The President highlighted his plan as the economy continues to suffer with high inflation.

Biden’s budget has been released after the U.S. hit the debt ceiling earlier this year.

The debt ceiling is a cap set by Congress in Washington DC.

Currently, the U.S. Treasury Department is taking extraordinary measures in order for the government to continue to pay its bills.

Some of the key takeaways from Biden’s budget include placing a minimum tax on billionaires, increasing the corporate tax rate, restoring the enhanced child tax credit, increasing food security, and spending billions more on military defence and support for Ukraine.

President Biden’s budget does not has a chance of successfully being passed in the Republican-led majority in the U.S. House of Representatives

Meanwhile, the GOP is preparing to release their 2024 budget in the coming days which will surely set-up the framework for political battles on Capitol Hill.

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Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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Niche accountants proving essential to e-commerce success

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3 hours ago

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October 9, 2024

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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7 hours ago

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October 9, 2024

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Israeli claims airstrikes have killed two successors to Hezbollah’s slain leader

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8 hours ago

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October 9, 2024

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The update comes as Israel expands its ground offensive against the Iran-backed group with a fourth army division deployed into south Lebanon.

Israel Prime Minister Benjamin Netanyahu spoke in a video released by his office hours after the deputy leader of Hezbollah left the door open to a negotiated ceasefire, reports Reuters

Israel’s military said on Tuesday that heavy air strikes against underground Hezbollah installations in southern Lebanon over the prior 24 hours killed at least 50 fighters including six sector commanders and regional officials. #featured #trending

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