Government And Institutions

US goods trade deficit widens in March

The U.S. trade deficit rose to a record high in March due to strong domestic demand and government aid, while pandemic worries have also started to fade.

Archegos hit tops $10B after UBS, Nomura losses

The battering to Wall Street banks from Archegos Capital Management topped $10 billion after UBS Group AG and Nomura Holdings Inc. reported fresh hits caused by the fund’s collapse.

Police groups to push back on probes in talks with Merrick Garland

Leaders of the nation’s largest law-enforcement organizations and unions said they would air their concerns directly to Attorney General Merrick Garland on Friday over the Justice Department’s broad civil-rights probe into the Minneapolis Police Department.

IRS chief says $1T in taxes may go uncollected each year

As much as $1 trillion a year in federal taxes may be going unpaid because of errors, fraud and lack of resources to enforce collections adequately, Internal Revenue Service Commissioner Charles Rettig, told lawmakers Tuesday.