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NJ Spotlight News | Business coalition fights a tax increase | Season 2021

Without federal assistance, businesses face a $252-million tax increase this fall
The video at the provided URL is a business report segment from PBS NewsHour, focusing on the latest economic developments. It discusses the Federal Reserve's decision to raise interest rates by a quarter percentage point, aiming to combat inflation while trying to avoid a recession. The report also covers the ongoing negotiations between the White House and congressional leaders to raise the debt ceiling to prevent a default on U.S. government obligations. Additionally, it highlights the strong performance of the U.S. job market, with unemployment claims dropping to their lowest level in months, and provides insights into the impact of these economic factors on various industries and consumer spending.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1630003511/ ]