Bezos says Mamdani’s tax on luxury NYC homes is ‘fine’ despite backlash
Bezos backed Mamdani’s pied-à-terre tax proposal while arguing higher taxes on billionaires won’t meaningfully help working-class Americans.
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High energy prices risk keeping inflation above 2% target, concerning Fed policymakers
Fed minutes reveal policymakers worried about energy prices and tariffs driving inflation higher when they held interest rates steady in April.
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Federal budget deficit projected to hit $2 trillion this fiscal year, ranking among largest in US history
The U.S. is projected to run a budget deficit of at least $2 trillion in fiscal year 2026, according to Treasury Department and bond market estimates.
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