

Alan Rappeport
Posts

I.R.S. Says Cash Influx Has Made Agency Bigger and More Digital
An $80 billion infusion has helped improve customer service, but the tax agency continues to face uncertainty over future funding.

Yellow, the Freight-Trucking Company, Declares Bankruptcy
A pandemic-era lifeline that the Trump administration predicted would turn a profit for the federal government failed to keep Yellow afloat.

U.S. Credit Rating Is Downgraded by Fitch
The ratings agency, which lowered the U.S. long-term rating from its top mark, said that debt-limit standoffs have eroded confidence in the nation’s fiscal management.

After U.S. Bailout, the Trucking Firm Yellow Is Shutting Down
Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss...

IRS to Stop Surprise Visits to Homes and Businesses
The end of a decades-long practice comes amid political backlash and increasing threats to agents.

Janet Yellen Calls for Accelerating Debt Relief for Poor Nations
Helping the world’s low-income countries will be a central topic as U.S. Treasury Secretary Janet Yellen and other G20 finance ministers gather in India.

Treasury Taps Sanctions Architect to Lead Financial Crimes Team
Andrea Gacki has played a leading role in designing sanctions that the U.S. has imposed on Russia as punishment for its invasion of Ukraine.

Biden Touts ‘Bidenomics in Action’ as Inflation Eases
The White House has been making the case that the president’s policies have kept the economy on a steady path and maintained a healthy labor...

Janet Yellen Criticizes China’s Treatment of U.S. Companies
Treasury Secretary Janet Yellen’s concerns reflected continuing tensions between the two countries.

Yellen Faces a Diplomatic Test in Her High-Stakes Visit to China
The Treasury secretary will need to defend export controls and tariffs while explaining that the United States does not aim to harm China’s economy.