Black Americans Are Much More Likely to Face Tax Audits, Study Finds
Posted inBlack People Discrimination Income Tax Internal Revenue Service Race and Ethnicity Stanford University Tax Credits, Deductions and Exemptions Treasury Department United States Politics and Government University of Chicago University of Michigan

Black Americans Are Much More Likely to Face Tax Audits, Study Finds

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.
Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble
Posted inBanking and Financial Institutions Biden, Joseph R Jr Federal Budget (US) Federal Reserve System Government Bonds National Debt (US) Politics and Government Republican Party Senate Stocks and Bonds Treasury Department United States United States Economy United States Politics and Government

Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.