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Tag: Treasury Department

The Washington MailRSSUnited States Politics and GovernmentCoronavirus (2019-nCoV)TrumpBooksComputers and the InternetArtBiden, Joseph R Jr

How New IRS Rules Could Affect Zelle and CashApp Users

WASHINGTON — This year, Dennis Turbeville, a woodworker in Washington, used the mobile payment service Venmo to sell his wares, collect payments on a...

Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)

Mila Adams moved to Utah in May with her husband and toddler son to be closer to family, but they didn’t expect to be...

Biden’s Agenda Hangs in the Balance if Republicans Take Congress

The measure he signed this summer included $370 billion in incentives for electric utilities to increase their reliance on low-emission energy sources like solar...

Biden Administration’s Bid to Cap Russia Oil Prices Faces Resistance

WASHINGTON — The Biden administration’s push to form an international buyers’ cartel to cap the price of Russian oil is facing resistance amid private...

How Do Higher Interest Rates Bring Down Inflation?

This kind of communication was less common 30 years ago. But a series of Fed chairs — Alan Greenspan, Ben S. Bernanke and Janet...

Fed Raises Interest Rate Half a Percentage Point, Largest Increase Since 2000

Deciding how quickly to remove policy support is a fraught exercise. Central bankers are hoping to move decisively enough to arrest the pop in...

Critics Say I.M.F. Loan Fees Are Hurting Nations in Desperate Need

At a time when the coronavirus pandemic is fueling a rapid rise in inequality and debt, a growing number of policymakers and economists are...

U.S. Eases Pressure of Sanctions on Afghanistan

The Biden administration on Wednesday took steps to ease the pressure that sanctions on the Taliban are having on Afghanistan as the combination of...

Climate Change an ‘Emerging Threat’ to U.S. Financial Stability, Regulators Say

WASHINGTON — Federal regulators warned for the first time in an annual report to Congress on Friday that climate change was an “emerging threat”...

Biden Finds Raising Corporate Tax Rates Easier Abroad Than at Home

ROME — President Biden and other world leaders endorsed a landmark global agreement on Saturday that seeks to block large corporations from shifting profits...

Treasury Warns That Digital Currencies Could Weaken U.S. Sanctions

WASHINGTON — The Biden administration warned on Monday that digital currencies posed a threat to America’s sanctions program and said in a new report...

A regional Fed analysis suggests Biden’s stimulus is temporarily stoking inflation.

Inflation is likely getting a temporary boost from the $1.9 trillion coronavirus relief package that the Biden administration ushered in early this year, new...

Biden’s Proposal to Empower I.R.S. Rattles Banks and Their Customers

Jim Reuter, the chief executive of FirstBank near Denver, said concerns about the potential provisions have bubbled up frequently, including over a coffee he...

Finance Executives Say Risk of Default Is Already Damaging the Economy

President Biden met with finance executives on Wednesday as he continued to try to put maximum pressure on Senate Republicans to raise the debt...

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