The Biden administration this week endorsed a narrower version of its deeply controversial plan that would force banks to turn over more account information to the Internal Revenue Service in order to crackdown on tax cheats.
The White House on Thursday pushed back against a report that a proposed corporate tax hike is unlikely to make into their signature social spending bill amid party infighting and insisted that all options are still on the table.
Republican lawmakers took aim at the Small Business Administration on Thursday, slamming one of the agency's top officials for refusing to answer questions about how a slew of proposed tax hikes could affect small businesses nationwide.
House Speaker Nancy Pelosi said Thursday that Democrats are "rounding the turn" on a massive social spending bill as the two warring factions of the party debate how to cut at least a trillion dollars from President Biden’s signature economic plan.
Arizona Attorney General Mark Brnovich urged the top four congressional leaders in a letter this week to reject a Biden administration proposal that would force banks to turn over most customers' account information to the Internal Revenue Service.
A $1.9 trillion coronavirus relief package that President Biden signed into law earlier this year is likely stoking inflation, according to new research published by the Federal Reserve Bank of San Francisco this week.
U.S. economic growth slowed in the fall as supply chain disruptions and a growing labor shortage weighed on the nation's recovery from the coronavirus pandemic, according to a new Federal Reserve report.
Treasury Secretary Janet Yellen said Wednesday that U.S. employers, particularly those in the service sector, may need to boost pay in order to combat a worsening labor shortage, but said rising wages are a good thing for American workers.
The Biden administration agreed this week to pare back a deeply controversial proposal that would force banks to turn over most customers' account information to the Internal Revenue Service under a barrage of criticism from both industry groups and Republicans – but banks say the measure still goes too far and poses a serious privacy concern.