The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
Category: Treasury Department
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U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies
The New York Times – Business: -
U.S. Could Default on Debt as Early as Summer, New Estimate Says
The New York Times – Business:The Bipartisan Policy Center said the nation could run out of cash this summer or early fall if Congress did not raise the debt limit.
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U.S. Could Default on Its Debt Between July and September, C.B.O. Says
The New York Times – Business:The nonpartisan budget office also said that if tax receipts fall short of projections, and Congress fails to act on the debt limit, the U.S. could run out of cash before July.
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Real Interest Rates Are Moving Up, but Don’t Celebrate Yet
The New York Times – Business:While markets are predicting that inflation will fall further, savings rates still aren’t keeping up with the prices we’re paying.
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Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
The New York Times – Business:The latest standoff over raising the nation’s debt ceiling is giving new life to an old theory about how to avoid a default.
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Black Americans Are Much More Likely to Face Tax Audits, Study Finds
The New York Times – Business:A new report documents systemic discrimination in how the I.R.S. selects taxpayers to be audited, with implications for a debate on the agency’s funding.
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Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble
The New York Times – Business:If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
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The U.S. Hit Its Debt Limit. What Happens Next?
The New York Times – Business:The Treasury Department has started employing “extraordinary measures,” but the path to raising the debt ceiling is likely to be a long one.
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America Set to Hit Its Borrowing Limit Today, Raising Economic Fears
The New York Times – Business:The milestone will not immediately affect markets or growth, but it sets the stage for months of entrenched partisan warfare.
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How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
The New York Times – Business:Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.