Category: United States Politics and Government

I.R.S. Acknowledges Black Americans Face More Audit Scrutiny

The commissioner, Daniel Werfel, said the agency was working to correct unfairness in the enforcement of the tax code.
Rural Georgia Factory, Flush With Federal Funds, Votes to Unionize

Friday’s victory by the United Steelworkers at a factory building electric school buses was a test for Democratic hopes that clean-energy funding from Washington could bolster organized labor.
U.S. Solar Makers Criticize Biden’s Tax Credits as Too Lax on China

U.S.-based manufacturers of solar products say rules issued by the Biden administration on Friday will “cement China’s dominance” over the solar industry
U.S. Faces ‘Significant Risk’ of Running Out of Cash in June, C.B.O. Warns

A default would cause financial distress, economic disruptions and rapid increases in borrowing rates, the nonpartisan Congressional Budget Office said.
Biden Taps Philip Jefferson and Adriana Kugler for Top Fed Jobs

President Biden announced his plan to nominate Adriana Kugler, an official at the World Bank, for a Fed governor job, while elevating Philip Jefferson to the role of vice chair.
The Debt Ceiling Impasse Raises the Risks for ‘Risk-Free’ U.S. Bonds

Short-term costs for insuring U.S. bonds are skyrocketing, and the long-term effects of repeated flirtations with debt default are already a burden, our columnist says.
Debt Limit Meeting Between Biden and Republicans Delayed as Both Sides Seek Deal

The decision to delay Friday’s expected meeting to next week was cast as a positive development, one that could allow officials to find agreement before the United States defaults on its debt.
Yellen Calls Invoking 14th Amendment to Raise Debt Limit ‘Legally Questionable’

The Treasury secretary warned that a default would lead to a “very substantial downturn.”
Kaitlan Collins, in a White Suit, Takes on Trump

Amid a night of verbal parrying, the CNN host made another statement.
How Past Debt Limit Crises Shaped Biden’s No-Negotiation Stance

Battles in 2011 and 2013 taught President Biden not to lean on a House speaker who has little room to negotiate and to keep debt ceiling talks separate from the budget.
How Might the Government Avoid Default? Biden Offers Clues.

After making little progress with Republican leaders at the White House on Tuesday, the president previewed two possible endgames to resolve a debt-limit standoff.
What to Know About Biden’s Compensation Plan for Flight Delays and Cancellations

If a proposed federal rule takes effect, airlines will have to pay passengers for meals, hotels, ground transportation and lost time if the disruption was caused by the carrier.