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[ad_1] On Monday night, Senate Majority Leader Chuck Schumer teed up two pieces of legislation: the debt-limit bill House Republicans passed last week that includes significant spending cuts and one that would suspend the debt limit through the 2024 election with no strings attached. While his actions don’t guarantee a floor vote on either, a…
[ad_1] He signaled that the U.K. isn’t interested in breaking with the U.S. on geopolitics — days after French President Emmanuel Macron called for Europe to bolster its autonomy from Washington. He also said he doesn’t plan to get into a subsidy war with the U.S. in response to President Joe Biden’s Inflation Reduction Act,…
[ad_1] “We know that in order to meet our energy security, climate and economic goals, we need to build a clean energy supply chain that is not dependent on China,” a senior Treasury official said, speaking anonymously as part of the administration’s ground rules during a call with reporters. The sourcing requirements will temporarily reduce…
[ad_1] Treasury Assistant Secretary for Tax Policy Lily Batchelder said the department will work with the private sector to ensure a “smooth transition” on which vehicles qualify for the incentives and for what amount. “The adoption of clean vehicles is central to reducing emissions in transportation while protecting Americans from the kinds of spikes in…
[ad_1] Washington: US Treasury Secretary Janet Yellen on Sunday said that the federal government will not provide a bailout for Silicon Valley Bank’s investors after the bank was abruptly shuttered, but said financial regulators are “concerned” about the impact to depositors and working to address their needs, media reports said. “During the financial crisis, there…
[ad_1] “The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis,” Treasury Secretary Janet Yellen, Fed Chair Jerome Powell and FDIC Chair Martin Gruenberg said in a statement. “Those reforms combined with today’s actions demonstrate our commitment to take the necessary…
[ad_1] The new report is part of a push by the agency to examine how race intersects with the tax system. “Given the increased reliance on the tax system as a means of delivering benefits in recent decades, it is critical that we understand how tax policies affect different families and whether policies implemented via…