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I.R.S. Commissioner Warns Budget Cuts Would Add to Deficit

Daniel Werfel, the Internal Revenue Service commissioner, pushed back against claims from Republicans that he had not been following the law.

I.R.S. Commissioner Aims to Show Progress Amid Threats of Budget Cuts

Daniel Werfel will try to persuade skeptical Republicans on Thursday that funding the tax agency is a good investment.

Inflation Is Moderating, but Pressure Remains on Biden

Voters have taken a downbeat view of the economy because costs have remained stubbornly high.

Effort to Revamp I.R.S. Struggles Despite Multibillion-Dollar Infusion

The Office of the National Taxpayer Advocate lamented that the tax collection agency, which now faces budget cuts in Congress, is still struggling to answer...

World Bank Warns of Energy Price Surge if Mideast War Spreads

A new economic report predicted a year of weak growth and said the world faced a decade of “wasted opportunity.”

U.S. to Clamp Down on Financial Firms That Help Russia Buy Military Supplies

President Biden will sign an executive order granting the Treasury Department broader powers to curb the flow of weapons components.

World Bank Warns Record Debt Burdens Haunt Developing Economies

Surging interest rates and waning financing options threaten a “lost decade” for poor countries.

Who Won the Republican Debate?

The fourth Republican presidential debate was the feistiest of them all, but the candidates, save Chris Christie, trained their fire on each other rather than...

How a Legal Fight Over a $15,000 Tax Bill Could Upend the U.S. Tax Code

The Supreme Court ruling in the Moore case could cost the federal government billions of dollars in lost tax revenue.

U.S. Moves to Crack Down on Money Behind Fentanyl Trade

Treasury Secretary Janet L. Yellen will travel to Mexico this week for talks on countering illicit finance and fentanyl.
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