Important regulations expire at the end of next year, thwarting tax planning and creating a monumental fiscal challenge for Congress.
Category: Federal Budget (US)
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I.R.S. Commissioner Aims to Show Progress Amid Threats of Budget Cuts
Daniel Werfel will try to persuade skeptical Republicans on Thursday that funding the tax agency is a good investment.
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Why the Cost of Biden’s Climate Law Keeps Going Up
Forecasters say the president’s clean-energy incentives will be more effective than they had originally expected, in part because of new federal regulations.
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U.S. Debt on Pace to Top $54 Trillion Over Next 10 Years
Congressional Budget Office projections released on Wednesday said a growing economy and recent spending cuts had slowed deficits.
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What’s in the New Tax Deal?
Budget watchdogs warn that temporary changes to the tax code that are being debated on Capitol Hill will lead to more deficits in the long run.
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Wall Street’s Bond ‘Vigilantes’ Are Back
The financial world has been debating if market appetite for buying U.S. debt is near a limit. The ramifications for funding government priorities are immense.
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Why Wall Street Is So Worried About ‘Refunding’
A routine announcement by the Treasury Department about its borrowing plans has attracted more attention than usual because of the rapid rise in interest rates.
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The Bond Market Is Flexing Its Muscles
Soaring interest rates have the power to alter the direction of the economy and command the attention of Washington, our columnist says.
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Treasury Report Shows $1.7 Trillion Deficit
The widening gap between what the government spends and what it earns comes as Congress continues to spar over the proper levels of federal spending.
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The Federal Deficit Is Growing. This Is Why.
Tax receipts dipped unexpectedly last year. The Biden administration blames Republican tax cuts, but the truth is more complicated.
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Higher Rates Stoke a Growing Chorus of Deficit Concerns
A long period of higher interest rates would make the government’s large debt pile costly, a possibility that is fueling a conversation about debt sustainability.