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Preview: Economic news -

Economic news -, the business website of CNN, combines business news and in-depth market analysis with practical advice and answers to personal finance questions.

Published: Sun, 17 Dec 2017 15:48:24 EST

Copyright: © 2017 Cable News Network LP, LLLP.

New tax code will still be complicated despite GOP promise to simplify

Sun, 17 Dec 2017 15:44:09 EST

Republicans said their plan would make taxes easy to prepare, and indeed the final bill gets points for some simplification. But the whole story, like the tax code, is more complex.(image)

Changes to the child tax credit: What it means for families

Sat, 16 Dec 2017 12:50:44 EST

Parents will get twice as large of a tax credit for each child next year, under a compromise hammered out by the House and Senate Friday ? although other changes to the bill mitigate the impact of that tax break.(image)

Attention, teachers: You can keep your deduction for classroom supplies

Fri, 15 Dec 2017 20:23:25 EST

Currently, teachers can deduct up to $250 for classroom materials from their taxable income. That won't change.(image)

Will Obamacare survive the tax bill?

Fri, 15 Dec 2017 18:20:00 EST

Congress is set to eliminate the unpopular Obamacare individual mandate in the tax bill.(image)

Michigan's Trump voters, a year later

Fri, 15 Dec 2017 08:14:35 EST

One year after Donald Trump flipped Michigan from a blue state to a red one, many voters say they would make the same decision today. They credit him for the strong economy -- and believe he can accomplish more if Congress would be more cooperative.(image)

Why Britain won't have a trade deal before Brexit

Fri, 15 Dec 2017 09:13:10 EST

Analysts say it's unlikely that Britain will agree a free trade deal with the EU before it leaves the bloc in March 2019.(image)

Last day to sign up for Obamacare is here

Fri, 15 Dec 2017 16:41:54 EST

Consumers in most states have until Friday to sign up for Obamacare. Open enrollment ends Dec. 15.(image)

Minimum wage since 1938

Fri, 09 Dec 2016 17:51:58 EST

When the federal minimum wage first became law in 1938, it was 25 cents. Adjusted for inflation, that would be worth $4.19 today. Scroll over the chart to see historical minimum wage amounts, and their corresponding values in today's dollars.(image)

Stores may be in trouble, but people are spending like mad

Fri, 15 Dec 2017 06:33:56 EST

The retail industry may be in trouble, but consumers are still buying things. Just in different ways.(image)

Countries with higher wages than the U.S.

Fri, 09 Dec 2016 17:53:53 EST

Some Republicans say high wages in the U.S. are hurting America's global competitiveness. See the countries where wages are even higher.(image)

In this small Kentucky town, they aren't waiting on Washington to fix things

Thu, 14 Dec 2017 20:14:37 EST

Read full story for latest details.(image)

Trump to propose ending rule allowing spouses of H-1B holders to work in U.S.

Fri, 15 Dec 2017 13:55:51 EST

The Trump administration will propose revoking a rule that makes spouses of thousands of immigrant workers eligible to work while in the U.S., potentially complicating a major driver of technology jobs.(image)

News flash! U.S. economy already looks strong

Thu, 14 Dec 2017 14:33:25 EST

Job growth? Check. Consumers spending? Check. The U.S. economy is on pretty solid footing, leading some to wonder if more stimulus is really needed in the form of tax cuts. Too much of a good thing could be a bad thing.(image)

Quest: Is this Trump's economy?

Fri, 15 Dec 2017 00:20:24 EST

Read Richard Quest's Profitable Moment.(image)

Why Trump's 'giant' middle class tax cut is less than advertised

Wed, 13 Dec 2017 16:59:39 EST

President Trump said Wednesday the Republican tax plan working its way through Congress will result in a 'giant tax cut' for the middle class. Here's the reality.(image)

Federal Reserve, buoyed by stronger economy, lifts rates again

Wed, 13 Dec 2017 18:03:08 EST

At its final meeting of 2017, policy makers set aside concerns about persistently low inflation and instead focused on meaningful economic improvements.(image)

Britain has lost 65,000 retail jobs since Brexit vote

Wed, 13 Dec 2017 11:33:32 EST

Britain has lost 65,000 retail jobs since it voted to leave the European Union, a decline fueled by increased online competition and a Brexit-induced wage squeeze.(image)

Trump wants more poor Americans to work, but many already do

Wed, 13 Dec 2017 08:34:12 EST

Work requirements will likely be a central feature of Republicans' overhaul of the nation's safety net. But many poor Americans already work.(image)

26-year-olds face challenges as they fall off parents' insurance

Wed, 13 Dec 2017 13:54:24 EST

For young adults, buying their own health insurance for the first time is anything but simple. Now, Trump administration revisions to the law and congressional bills injecting uncertainty into insurance markets has made the task much more difficult.(image)

Regulators on Bitcoin and other digital currencies: Investors beware

Tue, 12 Dec 2017 14:35:42 EST

Bitcoin euphoria is prompting two top U.S. regulators to reiterate warnings about the potential risks of investing in digital currencies.(image)