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ALAN RAPPEPORT
Posts
U.S. Picks Ajay Banga to Lead World Bank
President Biden tapped the former Mastercard chief executive to run an organization that found itself mired in controversy after comments by the current president about…
Yellen Calls for More Ukraine Support as G20 Finance Ministers Gather
The Treasury secretary offered a dark assessment of Russia’s economy but a more upbeat outlook for the global economic recovery.
U.S. Could Default on Its Debt Between July and September, C.B.O. Says
The nonpartisan budget office also said that if tax receipts fall short of projections, and Congress fails to act on the debt limit, the U.S….
Biden’s I.R.S. Nominee Will Be Grilled About $80 Billion Overhaul
Daniel Werfel is expected to defend the administration’s plan to modernize the agency at his confirmation hearing on Wednesday.
Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
The latest standoff over raising the nation’s debt ceiling is giving new life to an old theory about how to avoid a default.
Republicans Are Calling for Spending Cuts. Their Proposals Are Elusive.
A renewed focus on fiscal restraint in the debt limit standoff with Democrats poses its own political risks.
IMF Upgrades Global Economic Outlook as Inflation Eases
The International Monetary Fund said the world economy was poised for a rebound as inflation eases.
As Tax Season Starts, a Beleaguered I.R.S. Looks to Bolster Customer Service
The Biden administration is focusing on making the agency more responsive amid concerns that a funding increase will result in more audits.
How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.
How Close Is the U.S. to Hitting the Debt Ceiling? How Bad Would That Be?
The United States has a cap on the amount of money it can borrow. That means it can run out of cash if the limit…