

Alan Rappeport
Posts

How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.

How Close Is the U.S. to Hitting the Debt Ceiling? How Bad Would That Be?
The United States has a cap on the amount of money it can borrow. That means it can run out of cash if the limit...

I.M.F. Sees World Economy ‘Bottoming Out’ in 2023
Kristalina Georgieva, the managing director of the International Monetary Fund, predicts that a global recession can be avoided.

I.R.S. Backlogs Continue as Republicans Mount Offensive
The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.

I.R.S. Delays Tax Change for Users of Venmo, Cash App and Other Digital Wallets
Users who receive income through digital payments will have another year before having to comply with a new tax rule that had sowed confusion and...

Trump’s Tax Audit Shows Depths of IRS Funding Woes
The agency lacks the resources to go after rich taxpayers. For years, a single revenue agent was responsible for the audits of Donald J. Trump.

New I.R.S. Rules for Online Sales Sow Fears About Surprise Tax Bills
Users of digital wallets and e-commerce platforms like Venmo, CashApp, Etsy and StubHub must start reporting small transactions.

Release of Trump Tax Returns Could Herald New Era for Taxpayer Privacy
Revealing private documents risks a tit for tat with Republicans set to retake control of the House of Representatives.

Yellen is First Female Treasury Secretary With Signature on U.S. Dollar
Two women — the first female Treasury secretary and the first Native American to serve as U.S. treasurer — now have their signatures on America’s...

Defaults Loom as Poor Countries Face an Economic Storm
Debt-relief efforts are stalling as developing economies are being hit by higher interest rates, a strong dollar and slowing global growth.