With two bills advanced through Congress in recent weeks, the Biden administration…
New Climate, Tech Bills Expand Role of Government in Private Markets
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Government Finance
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Biden Doesn't Give Priority to Inflation, Despite Rhetoric
The president has touted the Inflation Reduction Act as key to getting…
Chip Makers Expect Demand Slowdown to Expand Beyond PCs, Smartphones
The chip industry that was bracing for a difficult period with laptop…
Senate Passes Democrats’ Climate, Healthcare and Tax Bill
WASHINGTON—The Senate passed a bill spending hundreds of billions of dollars on…
Rivian Says Senate Climate Deal Puts It at Disadvantage
Electric-vehicle startup Rivian Automotive Inc. is warning that planned revisions to the…
Consumers Have Powered Through the Pandemic and Inflation—Until Now
This copy is for your personal, non-commercial use only. Distribution and use…
Fed Raises Interest Rates by 0.75 Percentage Point
WASHINGTON—The Federal Reserve continued a sprint to reverse its easy-money policies by…
Treasury Moves to Ease Limits on Foreign Tax Credits After Companies Object
Updated July 26, 2022 4:43 pm ET Listen to article (2 minutes)…
Companies Swallow $2.1 Billion in Taxes as Executive Pay Climbs
Companies are racking up hundreds of millions of dollars in income taxes…
Federal Deficit Narrowed in June as Spending Fell, Receipts Rose
The federal government ran an $89 billion deficit during June, a 49%…
Global Tax Talks Hit Another Delay
By Paul Hannon and Richard Rubin Updated July 11, 2022 6:15 pm…
Miami’s Gold Rush: Finance Firms and Crypto Move In, Bringing Strains
From his new office in Miami Beach, real-estate investor Barry Sternlicht is…
Global Tax Deal Faces Roadblocks From Hungary, Congress
U.S. and European officials are trying to inject fresh momentum into a…
Fertility Doctors Move Embryos to Other States in Case of Roe v. Wade Impact
Fertility companies and patients are moving embryos and making contingency plans in…
Biden Expected to Call for Temporary Federal Gasoline Tax Suspension
WASHINGTON—President Biden is planning to call for a temporary suspension of the…
Biden Says He Is Near Decision on Backing Federal Gasoline-Tax Holiday
WASHINGTON—President Biden said Monday that he may make a decision on seeking…
U.S. Budget Deficit Narrowed in May as Pandemic Spending Eased
WASHINGTON—The federal budget ran a $66 billion deficit during May, a 50%…
U.S. Considering Reducing Tariffs on China to Ease Inflation, Yellen Says
WASHINGTON—Treasury Secretary Janet Yellen said the Biden administration is considering ways to…
Individual Income Tax Payments on Pace to Reach Record Level
WASHINGTON—An unprecedented gush of income tax revenue is flowing into the federal…
Yellen Says She Never Urged Smaller Rescue Package Over Inflation Concerns
WASHINGTON—Treasury Secretary Janet Yellen denied that she tried to decrease the size…
