House Speaker Kevin McCarthy said Congress could vote on a measure to raise the debt limit as early as next week, the Financial Times reported Thursday. “We’re not there, we haven’t agreed
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The Department of the Treasury worked with the Internal Revenue Service and other agencies to create guidelines on the domestic content bonus, an incentive for clean energy projects and facilities that are
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The White House offered analyses of the potential economic impacts of several debt ceiling scenarios, including a brief default and a protracted default. An analysis by Moody’s shows that a short debt
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The Department of the Treasury’s Financial and Banking Information Infrastructure Committee held a meeting to review developments as part of its initiatives to fortify cybersecurity in the U.S. financial system. The meeting
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The Biden administration has called on Chinese company ByteDance to divest its stakes in TikTok and warned of a possible ban of the social media platform if it fails to do so,
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Treasury Secretary Janet Yellen informed Congress through a letter that her department started implementing “extraordinary measures” after the U.S. government reached its statutory debt limit of $31.4 trillion on Thursday. Yellen told
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Wally Adeyemo, deputy secretary of the Department of the Treasury, said the Inflation Reduction Act provides investment opportunities to advance the U.S. clean energy sector. In a recent roundtable with clean energy
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Maximus announced on Tuesday that the company has secured two Internal Revenue Service (IRS) contracts potentially worth a combined $151 million. Both contracts were secured in the General Services Administration (GSA) Alliant two contract vehicles. The first
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President-elect Joe Biden said the U.S. must rethink and innovate national defense against cybersecurity threats following the SolarWinds network monitoring software hack that hit multiple federal agencies. Biden said at a recent
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Russell George, inspector general for tax administration at the Internal Revenue Service (IRS), informed House Ways and Means Oversight Subcommittee Chairman Bill Pascrell and ranking member Mike Kelly of the steps the
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