The tax agency is opening examinations into large hedge funds, private equity groups, real estate investors and law firms.
Category: United States Politics and Government
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2 Senators Propose Bipartisan Framework for A.I. Laws
The effort by Senators Richard Blumenthal and Josh Hawley is the latest move by lawmakers to catch up with the rapidly evolving technology.
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Biden Says He Will Nominate Michael Whitaker to Lead FAA
The president’s selection, Michael G. Whitaker, served as the No. 2 official at the Federal Aviation Administration during the Obama administration.
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Huawei Phone Is Latest Shot Fired in the U.S.-China Tech War
The release of a homegrown Chinese smartphone during a visit by the Biden official in charge of regulating such technology shows the U.S.-China tech conflict is alive and well.
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Wrestling With Inequality, Some Conservatives Redraw Economic Blueprint
A growing number of Republican politicians and theorists are challenging party orthodoxy on pocketbook issues, corporate power and government’s role.
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Facing Threats, U.S. Navy Struggles to Modernize Its Ships
A new generation of cheaper and more flexible vessels could be vital in any conflict with China, but the Navy remains lashed to big shipbuilding programs driven by tradition, political influence and jobs.
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Politicians to Shein: Not So Fast on U.S. Expansion
A group of state attorneys general urged the S.E.C. to make the fast fashion company prove it doesn’t use forced labor if it files to go public.
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Eliquis and Jardiance Among First Drugs Picked for Medicare Price Negotiations
The Biden administration’s announcement was an important moment for Democrats, who have campaigned on a promise to lower the cost of prescription drugs.
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Tech Chiefs to Gather in Washington Next Month on A.I. Regulations
The leaders of Google, OpenAI, Microsoft and others are meeting with lawmakers on Sept. 13 to kick off listening sessions that may shape A.I. rules in the United States.
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U.S. Fines American Airlines $4.1 Million for Lengthy Tarmac Delays
In 43 instances in recent years, the airline kept passengers stranded on the tarmac for hours in violation of federal rules, the Transportation Department said.
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U.S. and China Agree to Broaden Talks in Bid to Ease Tensions
During a visit to Beijing, Gina Raimondo, the commerce secretary, said the two sides would meet to discuss export restrictions and intellectual property, among other issues.