Janet Yellen

Biden Yellen Banking

IRS to launch callback option for most taxpayers seeking help next filing season

The IRS is making these upgrades to avoid the kind of backlogs in paper tax returns and correspondence it saw at the start of the COVID-19 pandemic. Those…

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Congress Failed Banks

Congress takes up more of the budget this week…and a few repeals

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Biden Budget

What’s next for the Biden administration’s up, up, up budget proposal

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US Debt Limit

Yellen tells Congress US expected to hit debt limit Thursday

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(AP Photo/Susan Walsh)FILE - In this photo March 22, 2013 file photo, the exterior of the Internal Revenue Service (IRS) building in Washington. Lawmakers are increasingly looking at boosting the IRS to help pay for infrastructure improvements. (AP Photo/Susan Walsh, File)

House GOP leaders vow to undo $80B to rebuild IRS if party regains majority

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FILE - A sign is displayed outside the Internal Revenue Service building on May 4, 2021, in Washington. Conservative politicians and candidates are distorting how a major economic bill passed over the weekend by the Senate would reform the IRS and affect taxes for the middle class. The Inflation Reduction Act, which awaits a House vote after passing in the Senate on Sunday, would increase the ranks of the IRS — but it wouldn’t create a mob of armed auditors looking to harass middle class taxpayers, as some Republicans are claiming. (AP Photo/Patrick Semansky, File)

How its managers say the IRS will deal with the latest spending bill

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File - Treasury Secretary Janet Yellen testifies before the Senate Banking, Housing, and Urban Affairs Committee hearing, May 10, 2022, on Capitol Hill in Washington. The U.S. will close the last avenue for Russia to pay back its billions in debt to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable. The Treasury Department said in a notification Tuesday that it does not plan to renew the license to allow Russia to keep paying its debtholders through American banks. (Tom Williams/Pool via AP, File)

Yellen memo calls for IRS modernization to help ID tax evasion schemes perpetrated by top earners

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The U.S. Capitol building is seen before sunrise on Capitol Hill in Washington, Monday, March. 21, 2022. The Senate Judiciary Committee is set to begin its historic confirmation hearings for Judge Ketanji Brown Jackson. The 51-year-old federal judge would be the first Black woman on the Supreme Court. (AP Photo/Gemunu Amarasinghe)

Congressional update from WTOP’s Mitchell Miller

We get the latest about what’s going on at Capitol Hill from WTOP’s Congressional Correspondent Mitchell Miller.

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A woman receives a booster jab of COVID-19 Pfizer vaccine during a vaccination campaign in San Jose, Costa Rica, Tuesday, Jan. 18, 2022. (AP Photo/Carlos Gonzalez)

With mandates in limbo, White House has new vaccine guidance for agencies

In today’s Federal Newscast, the Safer Federal Workforce Task Force is telling agencies to start asking employees whether they’re up to date with their…

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FILE - In this July 12, 2021 file photo, U.S. Treasury Secretary Janet Yellen prepares to speak during a meeting of eurogroup finance ministers at the European Council building in Brussels.   Yellen is telling Congress, Wednesday, Sept. 8,  that she will run out of maneuvering room to keep from broaching the government’s borrowing limit during the month of October.   (AP Photo/Virginia Mayo, File)

Yellen warns US may hit debt limit in October

Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government’s borrowing limit in October

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