WASHINGTON—Treasury Secretary Janet Yellen on Tuesday urged Congress to approve $80 billion in funding for the Internal Revenue Service to help the agency reduce a huge backlog of tax returns and allow it to go after $600 billion in unpaid tax bills. “The IRS is under siege. It is suffering from huge underinvestment,” Yellen told…
The Big Fat Lie of GDP
Commentary Well that didn’t take long. Back in November 2021, as the national public debt was hovering around its hard limit of $28.5 trillion, Treasury Secretary (and former Fed Chair) Janet Yellen took Congress to Defcon 1: “While I have a high degree of confidence that Treasury will be able to finance the U.S. government…
The Little-Known Treasury Secretary Whose Ideas Are Still Debated
The arguments about this often-forgotten U.S. Treasury Secretary continue a century later. The policies and writings of 1920s U.S. Treasury Secretary Andrew Mellon touch on much of what Americans debate today: Taxes, economic growth, and inflation. Keep tax rates as low as possible, he advised. Low taxes benefit those with modest as well as high…
Janet Yellen Urges Congress to ‘Act Big’ on Relief Despite Debt Burden
WASHINGTON—During her Senate confirmation hearing on Jan. 19, Treasury Secretary-nominee Janet Yellen championed President-elect Biden’s economic policies and urged lawmakers to provide further fiscal support to avert “a longer, more painful recession.” “Over the next few months, we are going to need more aid,” Yellen said in her opening remarks. “Neither the President-elect, nor I,…
Yellen’s Confirmation Hearing as Treasury Secretary Set for Jan. 19
The Senate Finance Committee will on Jan. 19 hold Janet Yellen’s confirmation hearing for U.S. Treasury secretary.
Yellen’s Treasury Secretary Confirmation Hearing Set for Jan. 19
The Senate Finance Committee will on Jan. 19 hold Janet Yellen’s confirmation hearing for U.S. Treasury secretary.
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