Alan Rappeport
Posts
Yellen and Powell warn that the Delta variant is slowing the recovery.
The Treasury secretary and the Federal Reserve chair prepared remarks ahead of their testimony today to the Senate Banking Committee.
The U.S. Debt Ceiling: Everything You Need to Know
Political polarization turned a tool for fiscal responsibility into a recipe for economic calamity.
U.S. Debt Limit Could Be Reached in Mid-October, Analysts Say
The analysis showed a narrower window during which the United States could default on its debt. The Treasury has said it has no official contingency...
Treasury's Janet Yellen Is Being Tested by Debt Limit Fight
The Treasury secretary must wade into a standoff between Democrats and Republicans over raising the debt limit.
Mnuchin’s Private Equity Fund Raises $2.5 Billion
The former Treasury secretary has attracted investment from Saudi Arabia’s sovereign wealth fund.
Kristalina Georgieva Says Claims She Inflated China Data at World Bank Are 'Not True'
A World Bank investigation said Kristalina Georgieva, now the managing director of the International Monetary Fund, pressured staff to improve China’s ranking in a report...
Inquiry finds World Bank officials, including now-I.M.F. chief, pushed staff to inflate China data.
An investigation focused on accusations that top World Bank officials pressured the team conducting an annual survey to improve China’s standing.
House Bill Raises Chance for Global Pact to Curb Corporate Tax Havens
Several big details remain to be worked out before an international October deadline.
Top 1 Percent Evade $163 Billion a Year in Taxes, Treasury Finds
A new report makes the case that narrowing the tax gap is part of the Biden administration’s ambition to create a more equitable economy.
The World Bank is freezing aid disbursements to Afghanistan.
The bank had committed nearly $800 million to the country in 2021.