Alan Rappeport
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Yellen Expects U.S. to Run Out of Cash by June 5 as Debt Talks Continue
The latest estimate is a slight extension from the previous June 1 deadline and comes as Republicans and the White House are trying to reach...
How the Employee Retention Tax Credit Became a Magnet for Fraud
The Employee Retention Credit has spawned a cottage industry of firms claiming to help businesses access stimulus funds, often in violation of federal rules.
Yellen Warns of Missed Payments if Debt Limit Is Not Lifted
The Treasury secretary said the Biden administration would face “very tough choices” if Congress did not act.
U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns
The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.
U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns
The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.
Yellen Warns the U.S. Could Default as Soon as June 1
The so-called X-date could still come as early as next week.
When Will the U.S. Run Out of Cash? The Answer Is Complicated.
The federal government is essentially living paycheck to paycheck, making the X-date hard to pin down.
Debt Ceiling: Yellen Reiterates That U.S. Could Run Out of Cash by June 1
The latest warning to Congress came before another meeting on Tuesday between President Biden and Speaker Kevin McCarthy to resolve the debt ceiling crisis.
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.
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.