Joe Biden to offer tax credits for COVID-19 vaccination paid time off

President Joe Biden on Wednesday will announce tax credits to businesses that provide paid time off for some people to get COVID-19 shots as he seeks to get corporate America more involved in the vaccination campaign, officials said. Biden administration officials said the government plans to reimburse businesses for the cost of giving workers as … Read more

US budget deficit jumps to an all-time high of $1.7 trillion this year

The US government’s budget deficit surged to an all-time high of USD 1.7 trillion for the first six months of this budget year, nearly double the previous record, as another round of economic-support checks added billions of dollars to spending last month.   In its monthly budget report, the Treasury Department said Monday that the … Read more

India set to cap stimulus package at $60 billion to protect credit rating: Report

NEW DELHI: The government is likely to cap its overall spending on coronavirus-related relief at around Rs 4.5 lakh crore ($60 billion), due to concerns that excess spending could trigger a sovereign rating downgrade, two senior government officials said. “We have to be cautious as downgrades have started happening for some countries and rating agencies … Read more