The latest standoff over raising the nation’s debt ceiling is giving new life to an old theory about how to avoid a default.
Category: Treasury Department
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Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
The New York Times – Business: -
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.
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As Debt Ceiling Threat Looms, Wall Street and Washington Have Only Rough Plans
The New York Times – Business:A default would most likely rattle markets and carry big risks, no matter how the Federal Reserve and Treasury try to curb the fallout.
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U.S. Will Hit Debt Limit Jan. 19, Yellen Tells Congress
The New York Times – Business:The Treasury Department expects to begin taking “extraordinary measures” to continue paying the government’s obligations ahead of what’s expected to be a big fight to raise the borrowing cap.
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Which Electric Vehicles Qualify for Federal Tax Credits?
The New York Times – Business:Here is a partial list of electric and plug-in hybrid vehicles that will qualify for federal tax credits in 2023.
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Treasury Department Outlines Rules for New Corporate Taxes
The New York Times – Business:The preliminary guidance applies to an alternative minimum tax for large corporations and a tax on stock buybacks, which helped fund President Biden’s climate and health bill.
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New I.R.S. Rules for Online Sales Sow Fears About Surprise Tax Bills
The New York Times – Business:Users of digital wallets and e-commerce platforms like Venmo, CashApp, Etsy and StubHub must start reporting small transactions.