The ceiling was last raised by $2.5 trillion in December 2021 to a total of $31.4 trillion
tag | U.S. Treasury Department
The federal government is forecasting about two-thirds of money allocated for rental assistance will be disbursed or allocated by the end of the year.
Yellen, in a speech, said a minimum global tax rate would stop what she described as a “30-year race to the bottom” that has allowed big corporations to avoid contributing fully to vital national needs.
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At her confirmation hearing last week, Yellen urged lawmakers to “act big” in response to the pandemic, which has killed more than 400,000 Americans and put millions of people out of work.
A bipartisan group of lawmakers is demanding answers from the Treasury Department and the IRS about improper coronavirus relief checks paid out to deceased taxpayers.
The Treasury Department on Monday took its first action in response to foreign interference in the 2018 midterm elections by placing the yacht and private planes of a Russian financier on an international sanctions list.