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President Joe Biden is getting support from several business leaders on his economic agenda that has stalled in the Senate. It's an effort to restart some momentum for his proposed nearly $2 trillion in spending and tax increases. Biden met at the White House with top executives from General Motors, Ford, Microsoft, Etsy, Salesforce and other companies. Biden asked the executives about the possible benefits from spending more on climate issues, manufacturing and child care. It’s unclear just how fast Congress will move to take up Biden’s plans. West Virginia Sen. Joe Manchin opposed the measure in December for its possible impact on the national debt and inflation.

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Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more? With the Federal Reserve signaling Wednesday that it will begin raising its benchmark interest rate as soon as March — and probably a few additional times this year — consumers and businesses will eventually feel it. The Fed’s thinking is that with America’s job market essentially back to normal and inflation surging well beyond the central bank’s annual 2% target, now is the time to raise its benchmark rate from near zero. 

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Alternative finance has captured the attention of investors across the U.S. As the 2022 tax season approaches, traders who are new to cryptocurrency taxation will have to contend with the IRS’ rules for reporting on taxable events. This could be a difficult task for those who trade across a variety of platforms or who don’t understand their tax liability and the rates at which gains are taxed. There are many strategies that can help investors better prepare, including getting their records in order, hiring a professional and investing in tracking software.

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Asian shares have fallen following a volatile day on Wall Street. Inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine are overhanging markets. Benchmarks fell across the region. A late-day buying spree pushed the benchmark S&P 500 index to a 0.3% gain after pulling it out of so-called correction territory _ a drop of 10% or more from its recent high. The market is waiting to hear from chair Jerome Powell on Wednesday after Fed policymakers conclude a two-day meeting and offer their latest thinking on the economy and interest rates. Some economists worry the Fed is already moving too late to combat high inflation. 

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New research suggests giving extra cash to low-income mothers can change their infants’ brain development. Measurements at age 1 showed faster brain activity in key regions in infants whose families received $300-plus each month. That's compared to infants in families who got $20. The same type of brain activity has been linked in older children to learning skills and other development. It's not known, though, whether the differences found in the infants will persist or influence their future. The U.S. researchers published their findings Monday. They are investigating whether the payments led to better nutrition, less parent stress or other benefits to the infants.

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The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last year’s pandemic relief bill claim the second half of the payment they were due. The website includes a new tool that will help filers determine their eligibility and how to get the credit. Many families became eligible for the credit after President Joe Biden expanded the credit as part of the $1.9 trillion coronavirus relief package. Families received half of their expanded 2021 credit on a monthly basis and the other half will be received once they file their taxes. The enhanced portion of the child tax credit program has since lapsed.

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The government website childtaxcredit.gov is photographed on a computer screen Monday, Jan. 24, 2022, in Annapolis, Md. The IRS has launched a revamped Child Tax Credit website meant to steer people to free filing options for claiming the credit. The website includes a new tool that will help filers determine their eligibility and how to get the credit. (AP Photo/Susan Walsh)