Essay | Janet Yellen’s Learning Curve
When Janet Yellen testified before a congressional commission almost a decade ago about the 2007-2009 global financial crisis, an interlocutor...
Government Finance
U.K. Treasury Chief Jeremy Hunt Looks to Reassure Markets With New Tax Plan
LONDON—New U.K. Chancellor Jeremy Hunt will make a statement later Monday, unveiling new public spending and tax policies as he...
Britain’s New Chancellor Says Some Taxes Will Rise
LONDON—The U.K.’s new chancellor, Jeremy Hunt, effectively scrapped Prime Minister Liz Truss’s signature tax-cutting plan, saying on Saturday that some...
Endowment Tax on Wealthiest Universities Netted a Fraction of Predictions in 2021
Wealthy colleges argued for years that a federal tax on their endowment income would limit their ability to provide financial...
Fed’s Lael Brainard Warns on Inflation, Financial Stability Risks
A senior Federal Reserve official warned of the risks that additional inflationary shocks could lead the central bank to raise...
U.K. Market Woes Threaten Economic and Political Crisis
The U.K. continued to try to stave off a financial and economic crisis on Wednesday as the country’s central bank...
British Pound, Bonds Roiled as Tax-Cut Plans Spook Investors
LONDON—The U.K.’s beleaguered pound hit its lowest-ever level against the U.S. dollar before recovering slightly Monday, as investors worried about...
U.K.’s Sweeping Tax Cuts Send Pound Tumbling, Yields Higher
LONDON—The British government unveiled the biggest tax cuts since the early 1970s in a high-stakes bet to jolt the U.K.’s...
World’s Central Banks Race to Raise Rates After Fed Increase
LONDON—Central banks around the world moved Thursday to combat the effects of a soaring dollar and rising inflation, joining the...
Fed Rate Decision Sends U.S. Treasury Yields in Different Directions
Shorter-term Treasury yields ticked higher while longer-term yields fell Wednesday after the Federal Reserve signaled interest rates will likely climb...
Caterpillar Settles Tax Dispute With IRS, Will Pay No Penalties
Caterpillar Inc. said the settlement included the resolution of the disputed tax treatment of profits earned by a subsidiary from...
Biden to Announce Student Loan Forgiveness Plan
President Biden is planning to take executive action to forgive $10,000 or more in federal student loan debt for tens...
Rivian Says Senate Climate Deal Puts It at Disadvantage
Electric-vehicle startup Rivian RIVN 0.57% Automotive Inc. is warning that planned revisions to the EV tax credit would put the...
Treasury Moves to Ease Limits on Foreign Tax Credits After Companies Object
WASHINGTON—The U.S. Treasury Department is softening its limits on foreign tax credits, responding to corporations that have been warning about...
Global Tax Talks Hit Another Delay
The most significant changes to global tax rules in a century will take longer than planned, negotiators said Monday, as...
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 only steps from the ocean. His waterfront mansion...
Biden Expected to Call for Temporary Federal Gasoline Tax Suspension
WASHINGTON—President Biden is planning to call for a temporary suspension of the federal gasoline tax, according to people familiar with...
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 a pause to the federal gasoline tax by...
Individual Income Tax Payments on Pace to Reach Record Level
WASHINGTON—An unprecedented gush of income tax revenue is flowing into the federal government, driven in part by investors and business...
Treasury Releases Pandemic Funding for Small Businesses as They Face New Risks
A federal pandemic aid program aimed at boosting small businesses’ access to capital is getting off the ground more than...
