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Janet Yellen

IRS New Commissioner

IRS commissioner Werfel sworn in to transform agency with ‘historic’ investment

Danny Werfel, a former acting IRS commissioner under the Obama administration, was sworn in Tuesday to serve as the agency’s 50th permanent commissioner.

Reorganization Read more
Congress Failed Banks

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

Budget Read more
Biden Budget

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

Congress Read more
US Debt Limit

Yellen tells Congress US expected to hit debt limit Thursday

TSP Read more
(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

Budget Read more
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

Workforce Read more
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

Federal Newscast Read more
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…

Budget Read more
(AP Photo/Charles Dharapak)FILE - In this June 3, 2011, file photo, the Pentagon is seen from air from Air Force One. It’s the biggest budget the Pentagon has ever seen: $700 billion. That’s far more in defense spending than America’s two nearest competitors, China and Russia, and will mean the military can for the bill for thousands more troops, more training, more ships and a lot else. (AP Photo/Charles Dharapak, File)

DoD budget largely flat, cuts legacy systems for modernization

The budget gets rid of the overseas contingency operations account and divests $2.8 billion in legacy systems.

Defense Read more
(AP Photo/Andrew Harnik)President-elect Joe Biden, right, listens as Janet Yellen, who Biden nominated to serve as Secretary of the Treasury, speaks at The Queen theater, Tuesday, Dec. 1, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)

Janet Yellen wins Senate approval as treasury secretary

People

Janet Yellen has been confirmed as President Joe Biden’s treasury secretary in an overwhelming Senate vote

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