Republicans sought unsuccessfully to slash tens of billions in IRS funding from the law.
US Treasury Secretary Janet Yellen on Sunday said rebuilding the Internal Revenue Service would be one of her top priorities in coming years, putting her squarely at odds with Republicans who have taken control of the House of Representatives.
Yellen lobbied hard for the extra funding to help the IRS deal with what she called massive problems, including a “huge backlog” in working through tax returns, and lack of personnel to carry out complicated audits of higher-earning taxpayers. Yellen is staying with the Biden administration after speculation that she would step aside mid-way before the end of his 4-year term.Yellen, 76, conceded that the split Congress reduced the chances of passing legislation to advance Biden’s agenda, but said she still enjoyed the job.
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U.S. Treasury's Yellen says IRS needs to be 'completely redone'U.S. Treasury Secretary Janet Yellen on Sunday said rebuilding the Internal Revenue Service would be one of her top priorities in coming years, putting her squarely at odds with Republicans who have taken control of the House of Representatives.
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U.S. Treasurys at ‘critical point’: Stocks, bonds correlation shifts as fixed-income market flashes recession warningBonds and stocks appear to be getting back to their usual relationship, a plus for investors with a classic asset mix in their portfolios amid recession fears.
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Door of No Return: Yellen visits onetime slave-trading postU.S. Treasury Secretary Janet Yellen has paid a solemn visit to an island off Senegal that is one of the most recognized symbols of the horrors of the Atlantic slave trade that trapped tens of millions of Africans in bondage
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Yellen, at former slave port, sees path of renewal for Africa and U.S.U.S. Treasury Secretary Janet Yellen on Saturday spoke of the 'unspeakable cruelty' and enduring consequences of the trans-Atlantic slave trade, but said she was heartened by signs of progress and renewal in both the United States and Africa.
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Door of No Return: Yellen visits onetime slave-trading postGOREE ISLAND, Senegal (AP) — U.S. Treasury Secretary Janet Yellen paid a solemn visit Saturday to the salmon-colored house on an island off Senegal that is one of the most recognized symbols of the horrors of the Atlantic slave trade that trapped tens of millions of Africans in bondage for generations.
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Treasury's Yellen breaks ground on rural electrification project in SenegalU.S. Treasury Secretary Janet Yellen on Saturday helped kick off a new rural electrification project in Senegal that will bring reliable power to 350,000 people, while supporting some 500 jobs in 14 U.S. states.
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