News

Federal Reserve officials said they expect slower growth in the economy than previously anticipated but indicated they still plan to raise interest rates in coming months. Policymakers predicted the U.S. will have its lowest annual growth since 2011. The central […]

Health care spending and an aging population are expected to increase U.S. government debt to 107% of economic output by 2040, according to the Congressional Budget Office. This year, government debt is equal to 74% of gross domestic product.

Small public companies are lagging their larger counterparts in adopting the updated guidelines issued by the Committee of Sponsoring Organizations of the Treadway Commission two years ago, according to data compiled by Audit Analytics. Only two-fifths of companies with less […]

Seventy-eight percent of CFOs don’t like the idea of extending counteroffers to employees who have job offers elsewhere. Retention strategies should be more proactive than reactive, CFOs say, starting with competitive pay and benefits and including a transparent culture.

The net worth of U.S. households and nonprofit groups increased $1.6 trillion in the first quarter, reaching a record $84.9 trillion, according to the Federal Reserve. The value of households’ stocks and mutual funds climbed $487 billion, while the value […]

The U.S. budget deficit tightened in May, with the government posting an $82 billion deficit, down 37% year-over-year, the Treasury Department says. The deficit has been narrowing for the past 12 months.

Workload compression during consecutive challenging tax seasons has helped contribute to a growing talent shortage for accounting firms seeking qualified staff, according to the biennial PCPS CPA Firm Top Issues survey. Finding and retaining staff ranked as top issues in […]

Two separate surveys underscore dimming expectations of U.S. growth this year. The Business Roundtable’s second-quarter survey says CEOs expect 2.5% expansion in gross domestic product, down from 2.8% in the previous survey. Separately, the National Association for Business Economists has […]

The U.S. housing market might be drifting toward another crisis as more people lack income or savings to buy. The rate of homeownership is lower than the level 20 years ago, and the Urban Institute predicts the rate will keep […]