Alan Rappeport
Posts
Senate Confirms Daniel Werfel as IRS Commissioner
The new commissioner of the Internal Revenue Service will oversee the agency’s $80 billion overhaul.
Biden’s World Bank Pick Looks to Link Climate and Development Goals
Ajay Banga will begin a monthlong “global listening tour” to drum up support for his nomination to be the bank’s next president.
War in Ukraine Deepens Divide Among Major Economies at G20 Gathering
Treasury Secretary Janet L. Yellen urged her counterparts at a summit in India to condemn Russia’s actions, and she defended the cost of supplying aid...
U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies
The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
U.S. Expected to Nominate New Head of World Bank on Thursday
The Biden administration wants the global development institution to pursue a more ambitious climate agenda.
Yellen Calls for More Ukraine Support as G20 Finance Ministers Gather
The Treasury secretary offered a dark assessment of Russia’s economy but a more upbeat outlook for the global economic recovery.
U.S. Could Default on Its Debt Between July and September, C.B.O. Says
The nonpartisan budget office also said that if tax receipts fall short of projections, and Congress fails to act on the debt limit, the U.S....
Biden’s I.R.S. Nominee Will Be Grilled About $80 Billion Overhaul
Daniel Werfel is expected to defend the administration’s plan to modernize the agency at his confirmation hearing on Wednesday.
Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
The latest standoff over raising the nation’s debt ceiling is giving new life to an old theory about how to avoid a default.
In Debt Limit Fight, Republicans Won’t Say What Spending Cuts They Want
A renewed focus on fiscal restraint in the debt limit standoff with Democrats poses its own political risks.