• IMF: Tax cuts boosting US now but will hurt growth later

    4 monthes ago - By Chron

    WASHINGTON - The International Monetary Fund believes the U.S. economy will post solid growth this year and next, helped by a sizable boost from tax cuts. But then it says growth will slide as huge budget deficits drag growth far below the Trump administration's goals.
    In its annual assessment of the U.S. economy, the IMF says growth will hit 2.9 percent this year and 2.7 percent next year. Both are significant increases from last year's 2.3 percent expansion. However, after an initial boost from the $1.5 trillion tax cut package, the IMF forecasts growth will slow steadily in future...
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  • Work begins to boost airflow at US nuclear repository

    4 monthes ago - By Chron

    CARLSBAD, N.M. - Work started Thursday on a new ventilation system that will clear the way for more radioactive waste to be disposed of at the U.S. government's underground nuclear repository in southern New Mexico.
    The Waste Isolation Pilot Plant is the nation's only location for disposing of tons of Cold War-era waste generated over years of bomb-making and nuclear weapons research. That includes gloves, clothing, tools and other debris contaminated by plutonium and other radioactive elements.
    U.S. Energy Department officials marked the start of work with a groundbreaking event, saying a...
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