A new analysis by the Department of the Treasury and Internal Revenue Service estimates that deploying Inflation Reduction Act resources or implementing IRA investments to help the IRS modernize the U.S. tax
MorePresident Joe Biden has nominated Kurt Campbell, deputy assistant to the president and coordinator for Indo-Pacific affairs on the National Security Council, to serve as deputy secretary of the State Department. Campbell
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Paul Rosen, assistant secretary for investment security at the Department of the Treasury, said the Foreign Investment Risk Review Modernization Act of 2018 provided the Committee on Foreign Investment in the United
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The Department of the Treasury has issued an advance notice of proposed rulemaking to solicit feedback that would inform the establishment of a program requiring U.S. persons to officially declare investments in
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A new Deltek analysis shows that federal spending on blockchain technology increased by 140 percent from fiscal year 2020 to FY 2022, reaching $11.85 million in FY 2022. Alex Rossino, advisory research
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A bipartisan bill that would suspend the debt ceiling through January 2025 and reduce federal spending is now headed to President Joe Biden’s desk for his signature after the Senate passed the
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White House and House Republican negotiators are inching closer to reaching an agreement that would prevent a government default by raising the debt ceiling for about two years and implementing a two-year
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House Speaker Kevin McCarthy said Congress could vote on a measure to raise the debt limit as early as next week, the Financial Times reported Thursday. “We’re not there, we haven’t agreed
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The White House offered analyses of the potential economic impacts of several debt ceiling scenarios, including a brief default and a protracted default. An analysis by Moody’s shows that a short debt
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Internal Revenue Service Commissioner Danny Werfel said the IRS is set to release a strategic operating plan by the end of the week that outlines how the agency will spend nearly $80
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