ASAToday for July 3rd, 2025

Tax Credits Senate Democrats are working to include $49 billion on a two-year boost for the child tax credit expansion that could also be paired with business tax breaks renewed for a similar duration. The proposal is a sign that negotiations between Senate Finance Chair Wyden and House Ways and Means Chair Smith are getting…

Inflation Cools The Bureau of Labor Statistics reported that inflation sank to 3.2 percent in October over a year earlier, the lowest since July as energy prices continue to decline. “Core” inflation, minus food, and energy costs, dipped to 4 percent, down from 4.1 percent and the smallest increase since September 2021. On a month-over-month…