Yellen Will Set IRS Strategy Within Six Months

With the additional funding it's allotted in Democrats' $437 billion tax-and-climate bill, the agency will modernize systems and target tax cheats earning over $400,000 a year.

By Laura Davison | August 18, 2022 at 12:08 PM

Treasury Secretary Janet Yellen set a six-month timeframe for the Internal Revenue Service (IRS) to compile a plan detailing how it will deploy an influx of $80 billion in enforcement funding over the next decade.

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Fed's Favored Price Gauge Rises at a Mild Pace

By Augusta Saraiva | July 26, 2024

The Federal Reserve's preferred measure of underlying U.S. inflation rose at a tame pace in June and consumer spending remained healthy—two encouraging…

Fed's Favored Price Gauge Rises at a Mild Pace

U.S. Economy Grew Faster Than Expected Last Quarter

By Augusta Saraiva | July 25, 2024

GDP increased at a 2.8% annualized rate, while personal spending advanced 2.3%. "This is a perfect report for the Fed."

U.S. Economy Grew Faster Than Expected Last Quarter

DOL's ESG Investing Rule Challenge Sent back to Lower Court

By Lynn Cavanaugh | July 24, 2024

Because the Supreme Court overturned 40 years of federal agency deference, the ESG case is headed back to the Texas judge who originally heard it.

DOL's ESG Investing Rule Challenge Sent back to Lower Court

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