The Institute on Taxation and Economic Policy in Washington as well as Americans United for Separation of Church and State are objecting to that aspect of the proposed IRS regulation.
The U.S. central bank’s No. 2 official said it’s too early to determine whether the coronavirus outbreak in China will significantly affect the U.S. economy, which remains in a “good place.”
An economic slowdown was expected in 2019, and the data prove the prediction was correct. Now softening consumer spending could portend the need for the Federal Reserve to ease policy at some point.
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