For all the concern over just when the government might run short of money to pay its bills, it turns out that no one, not even the U.S. treasury secretary, can be absolutely sure exactly when the country faces a potential default – what officials are …
Author: Fatima Hussein
IRS to unveil concept for free, government-run tax filing
Big tax preparation companies have millions of dollars to lose if the program comes to fruition.
New IRS leader promises faster, easier tax filing process
New IRS Commissioner Danny Werfel delivered a tax-season pledge Tuesday that the agency will use an $80 billion infusion of cash to become faster, more tech-savvy and provide “real-world improvements” to taxpayers.
Bank failures and rescue test Yellen’s decades of experience
Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.S. economy.
Janet Yellen to tell Congress U.S. banking system ‘remains sound’
A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen is set to tell the Senate Finance Committee that the nation’s banking system “remains sound” and Americans “can feel confident” about their deposits.
IRS nominee Daniel Werfel confirmed by Senate vote
The U.S. Senate confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service on Thursday by a vote of 54-42.
U.S. nominates Ajay Banga for World Bank president
The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Biden announced on Thursday, crediting him with critical experience on global challenges including climate change.
IRS nominee: No audit boost for households under $400,000
If confirmed as IRS commissioner, Daniel Werfel says he will commit to not increasing tax audits on businesses and households making less than $400,000 per year.
Yellen warns of ‘catastrophe’ if debt limit not raised
Treasury Secretary Janet Yellen warned Tuesday of a potential “economic catastrophe” if Congress and the White House fail to take action to raise the federal debt ceiling.
Yellen to meet with Chinese finance minister in Switzerland
Treasury Secretary Janet Yellen will meet with her Chinese counterpart, Vice Premier Liu He, in Switzerland on Wednesday to discuss economic developments between the two nations.