Economic recovery from the pandemic is restrained in both economies, even with U.S. consumer spending rising healthily
The plan involves raising taxes on corporations and the wealthy, using the funds to expand government programs
The highly contagious delta variant may be slowing the recovery in jobs
Increased consumer spending contributed to the change
The next step is narrowing the menu of tax possibilities, focusing on measures likely to pass
Sales of new homes last month rose 1.5%, following an increase in July as well
White House officials harbour frustrations over the slow pace of distributing money for some of its programs
Two regional Fed presidents traded excessively last year
The proposed top tax rate would revert to 39.6% on couples earning more than $450,000
For some banks, stateside expansion within wealth management is part of the plan