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I.R.S. Unveils $80 Billion Plan to Overhaul Tax Collection

The 10-year strategy document outlines a focus on taxpayer services and enforcement efforts on the rich.

SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions

Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.

Global Economy May Be in a ‘Lost Decade,’ World Bank Warns

Adding to crises like the pandemic, recent stress in the banking system is a new threat to world growth, experts at the organization said.

Yellen Says U.S. Ready to Protect Smaller Banks if Necessary

In prepared remarks, the Treasury secretary pledged that the Biden administration would take additional steps as needed to support the banking system.

Yellen Defends Efforts to Stabilize Banking System

The Treasury secretary said U.S. banks are “sound” but that regulators feared the collapse of Silicon Valley Bank could have led to other runs.

Yellen Says U.S. Banking System ‘Remains Sound’ Amid Market Turmoil

The Treasury secretary also reassured Americans that their savings were safe.

Yellen Says Regulators at Work to Contain Fallout From Silicon Valley Bank Collapse

The Treasury secretary’s comments on Sunday morning sought to assure the public that the overall banking sector was safe.

Takeaways From Biden’s Budget: The President Embraces His Priorities

President Biden said his budget was designed to “lift the burden on hard working Americans” and drew sharp contrasts with the proposals that Republicans have...

War in Ukraine Deepens Divide Among Major Economies at G20 Gathering

Treasury Secretary Janet L. Yellen urged her counterparts at a summit in India to condemn Russia’s actions, and she defended the cost of supplying aid...

Yellen Confronts Russian Officials at G20 Meeting

In a private session, Treasury Secretary Janet L. Yellen said the Russians were “complicit in Putin’s atrocities,” according to remarks shared by a U.S. official.
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