Ashley Murray, Idaho Capital Sun U.S. Treasury Secretary Janet Yellen warned Monday that the U.S. could default in as soon as one month if Congress does not act to raise the nation’s borrowing limit — a prediction that prompted President Joe Biden to call a meeting with congressional leaders next week. …
Read More »Yellen ‘Confident’ Global Minimum Corporate Tax Will Pass
Treasury Secretary Janet Yellen said on Sunday that she hoped Congress would approve a key pillar of the global corporate tax deal agreed by some 136 countries and jurisdictions. “I am confident that what we need to do to come into compliance with the minimum tax will be included in …
Read More »IRS To Start Distributing Child Tax Credit Payments July 15
Monthly payments for the child tax credit will start processing on July 15. About 39 million households will receive automatic payments. The advance child tax credit program is part of the Biden administration’s $1.9 trillion economic aid package called the American Rescue Plan that was passed in March “The American …
Read More »Cabinet Profiles: Janet Yellen: Secretary of the Treasury
The first hearings for President-elect Joe Biden’s Cabinet nominations begin today. We will hear testimony from his picks to lead all of his cabinet positions over the next several weeks. We will profile the nominees in advance of their hearings so our readers will have some background information as the …
Read More »