Economic Indicators

Overdraft fees fell in the COVID-19 economy

Legislators slammed banks last week for the money they made from overdraft fees. It turns out, though, that overdraft revenue fell in 2020 for the first time in six years.

US proposes 15% minimum tax on global corporate profits

The U.S. Treasury Department said Thursday that it supports a global minimum corporate tax rate of at least 15% — below the 21% minimum it has been seeking to impose on the foreign profits of U.S.-based companies.