Alan Rappeport
Posts
Yellow Trucking Company May Be Headed Toward Bankruptcy
Three years after receiving a pandemic relief loan, the trucking company Yellow has repaid little of the money and is warning that it could soon...
U.S. National Debt Tops $32 Trillion for First Time
The milestone follows a recent congressional showdown over lifting the debt ceiling. Another spending fight looms this year.
Yellen Says Bid to Decouple From China Would Be ‘Disastrous’
The Treasury secretary, speaking to a House committee, said trade and investment were crucial in U.S.-Chinese relations.
World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
New World Bank President Ajay Banga Leads at a Pivotal Moment
The incoming president will be under pressure to juggle the global institution’s ambitions to combat climate change and fight poverty.
New World Bank President Ajay Banga Leads at a Pivotal Moment
The incoming president will be under pressure to juggle the global institution’s ambitions to combat climate change and fight poverty.
Despite Debt Limit Deal, 14th Amendment Questions Linger
President Biden has been considering ways to challenge the constitutionality of the debt limit to defuse the risk of default.
Yellen’s Debt Limit Warnings Went Unheeded, Leaving Her to Face Fallout
The Treasury secretary, who considered ways to contain the fallout of a default when she was a Fed official in 2011, had urged Democrats to...
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.