Category: Treasury Department

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.
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.
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.
Chechen Leader Has More Interactions With UFC Fighters Amid US Sanctions

The New York Times – Sports:
The U.S. State Department says it knows of apparent ties between Ramzan Kadyrov, the Chechen strongman, and mixed martial arts fighters.
Yellen is First Female Treasury Secretary With Signature on U.S. Dollar

The New York Times – Business:
Two women — the first female Treasury secretary and the first Native American to serve as U.S. treasurer — now have their signatures on America’s currency.
At the DealBook Summit, Untangling the Now — and the Future

The New York Times – Business:
In challenging times, choosing the direction of a company can be a lot like shifting pieces of a puzzle — with sometimes staggering consequences.
David Lipton, Economic Diplomat, Will Step Down From Treasury

The New York Times – Business:
Mr. Lipton, who served in senior roles in the Clinton and Obama administrations and at the I.M.F., is retiring.
U.S. Allows Chevron to Expand Energy Operations in Venezuela

The New York Times – Business:
The license, limited in scope, was issued amid the resumption of talks between the Venezuelan government and opposition, and comes as President Nicolás Maduro desperately needs to improve the economy.
Yellen Urges Congress to Raise Debt Limit Beyond 2024 Election

The New York Times – Business:
Republicans might try to use the borrowing cap as leverage if they achieve a majority in the House or Senate, but the Treasury secretary cautioned against a “devastating economic self-inflicted blow.”
Yellen Calls for ‘Stabilizing’ U.S. Relations With China Ahead of G20

The New York Times – Business:
The Treasury secretary said in an interview that the United States was not trying to “paralyze China’s economy and stop its development.”
Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)

The New York Times – Business:
Lenders use several bits of data to set mortgage rates, including trading moves by investors. Without market volatility, the rate could be under 7 percent.
Debt Limit Showdown Looms as White House Braces for a Divided Washington

The New York Times – Business:
G.O.P. threats to leverage the full faith and credit of the United States to force spending cuts have raised alarm about a debt showdown next year — and talks about how to head one off in the coming weeks.