Alan Rappeport
Posts
Veterans of Carter-Era Inflation Warn That Biden Has Few Tools to Tame Prices
President Biden and Democrats face political peril as costs keep rising and midterm elections loom.
Veterans of Carter-Era Inflation Warn That Biden Has Few Tools to Tame Prices
President Biden and Democrats face political peril as costs keep rising and midterm elections loom.
The U.S. accused Chinese companies of supporting Russia’s military.
The Commerce Department imposed trade restrictions on five businesses that it says violated sanctions.
Global Food Crisis Tests Western Resolve to Retain Russia Sanctions
With a food shortage threatening to create widespread famine, Western countries face a tough choice as sanctions exacerbate the problem.
The I.R.S. Backlog of Unprocessed Tax Returns Has Grown to 21 Million
The national taxpayer advocate criticized the Biden administration for being slow to make changes at the Internal Revenue Service.
U.S. Scrutinizes Swiss Currency Practices
The Treasury Department declined to label any country a currency manipulator, but singled out Switzerland as an offender in its semiannual foreign exchange report.
U.S. Scrutinizes Swiss Currency Practices
The Treasury Department declined to label any country a currency manipulator, but singled out Switzerland as an offender in its semiannual foreign exchange report.
Janet Yellen says the U.S. is likely to avoid a recession.
While the Treasury secretary predicted rising gas prices, she said strong employment and household finances would avert an economic downturn.
Persistent Inflation Puts Yellen in the Spotlight
The Treasury secretary’s recent comments about rising prices have put the Biden administration on the defensive.
The U.S. budget deficit is projected to fall to $1 trillion in 2022.
The Congressional Budget Office provided an update on the path for deficits at a moment when the Federal Reserve is trying to cool the economy...