Economic recovery from the pandemic is restrained in both economies, even with U.S. consumer spending rising healthily
The plan involves raising taxes on corporations and the wealthy, using the funds to expand government programs
The highly contagious delta variant may be slowing the recovery in jobs
A bigger than foreseen increase in consumer spending has lifted the U.K. above Italy
Criticism of monetary policy has grown in recent months along with price increases
The next step is narrowing the menu of tax possibilities, focusing on measures likely to pass
Sales of new homes last month rose 1.5%, following an increase in July as well
The country's central bank is stepping up a campaign to block use of unofficial digital money
The organization modestly downgraded its growth forecast for this year
White House officials harbour frustrations over the slow pace of distributing money for some of its programs