Fewer than 3% of families use the plans, and those who do tend to be wealthy. The President proposes giving tax credits to familes making under $180,000 instead.
Broad support for Chair Yellen's assessment of likely timing, some officials concerned inflation could remain too low.
Six years into the bull market, losses booked from the financial crisis have all been used up.
President's $4T budget proposal includes a major change to the Social Security Act that would allow same-sex couples to receive spousal benefits even if they live in states that don't recognize such unions.
Lack of wage growth stoking fears of disinflation while Fed prepares to lift interest rates
Budget cuts at the agency over the past five years have led to a “devastating erosion of service” — meaning even longer waits on the phone and delayed refunds this filing season, according to the national taxpayer advocate. They also mean fewer audits, which is good and bad.
Hedge fund manager Dalio says deflationary circumstances is encouraging people to keep cash under their mattresses.
MSCI will allow some companies with overseas stock-market listings in its equity indexes, opening the door to China's Alibaba Group Holding Ltd. while excluding Russian firms amid economic sanctions.
Losses mount from the Swiss currency shock as the largest U.S. retail foreign-exchange brokerage said client debts threatened its compliance with capital rules.
Firm's analysis shows 85% of fixed-income funds with 10-year records rank in top half of their categories; 83% of stock funds.
