Category: Treasury Department

U.S. Car Brands Will Benefit Most From Electric Vehicle Tax Breaks

Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies.
IMF Lowers Growth Outlook Amid Financial System Tremors

The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.
I.M.F. Lowers Growth Outlook Amid Financial System Tremors

The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.
IMF Lowers Growth Outlook Amid Financial System Tremors

The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.
I.R.S. Unveils $80 Billion Plan to Overhaul Tax Collection

The 10-year strategy document outlines a focus on taxpayer services and enforcement efforts on the rich.
Fight Over Corruption and Congo’s Mining Riches Takes a Turn in Washington

The New York Times – Business:
Dan Gertler, an Israeli billionaire, is pressing President Biden to remove sanctions that were imposed on him for bribe-fueled transactions in the impoverished African country.
Trump’s Indictment and What’s Next

The New York Times – Business:
The fallout will be widespread, with ramifications for the 2024 presidential race, policymaking and more.
Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank

The New York Times – Business:
The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.
SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions

The New York Times – Business:
Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.
How Far Can Regulators Go to Protect Uninsured Deposits?

The New York Times – Business:
Regulators can protect deposits over $250,000 if they determine that a bank’s failure pose a systemic risk, but some lawmakers have pushed for more sweeping coverage.
Banks Are Borrowing More From the Fed: What to Know

The New York Times – Business:
As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.
Powell and Yellen Suggest Need to Review Regulations After Bank Failures

The New York Times – Business:
Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.