The tax dispute, which was closely watched by experts, involved a one-time foreign income tax, but many saw it as a broader challenge to pre-emptively block Congress from passing a wealth tax.
Category: United States Politics and Government
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U.S. Debt on Pace to Top $56 Trillion Over Next 10 Years
Congressional Budget Office projections released on Tuesday show a grim fiscal backdrop ahead of tax and debt limit fights.
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Biden’s Stimulus Juiced the Economy, but Its Political Effects Are Muddled
Some voters blame the American Rescue Plan for fueling price increases. But the growth it unleashed may be helping the president stay more popular than counterparts in Europe.
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Black Farmers in Georgia Cool to Biden, Reflecting a Bigger Challenge
White farmers filed lawsuits to block a debt forgiveness initiative, but the Biden administration is still bearing the blame.
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How Donald J. Trump Is Appropriating the American Flag
In a visual age, the presumptive Republican presidential nominee is making himself into the 51st star.
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Courting C.E.O.s, Trump Says He Intends to Cut Corporate Taxes Again
Donald Trump cut the business tax rate to 21 percent from 35 percent in 2017. Speaking privately to business leaders, he said if he retook power, he wanted to make it 20 percent.
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F.A.A. Administrator Says Previous Oversight of Boeing Was ‘Too Hands-Off’
Mike Whitaker, who heads the agency, told a Senate panel that changes were being made to the agency’s oversight of the plane manufacturer, including conducting more safety inspections.
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Christy Goldsmith Romero Nominated to be Next FDIC Chair
Christy Goldsmith Romero has been nominated to be the next chair of the bank regulator that has been shaken by a “toxic” workplace culture.
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Cooling Inflation Revives Biden’s Hope of Rate Cuts
The chances of at least one pre-election cut appeared to be helped by a new inflation report.
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Biden Proposes Dropping Medical Debt From Credit Reports
The move would offer relief to millions of Americans who need a better credit score to get an apartment or a car, but it would not wipe out their financial obligations.
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Biden Nears Pick for Next FDIC Chair
The front-runner for the bank regulatory job is Christy Goldsmith Romero, a member of the Commodity Futures Trading Commission.
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Christy Goldsmith Romero Is Front-Runner to Lead F.D.I.C.
The front-runner for the bank regulatory job is Christy Goldsmith Romero, a member of the Commodity Futures Trading Commission.