ALAN RAPPEPORT | The Seattle Times

Jerome Powell, the Federal Reserve chair, pauses as he testifies before the Senate Banking Committee in Washington on Tuesday, Nov. 30, 2021. Powell signaled that the central bank is growing more wary of high — and stubborn — inflation, and that it could speed up its plan to withdraw economic support as soon as its meeting in December as it tries to make sure that rapid price gains do not last. (Sarahbeth Maney/The New York Times)

November 30, 2021 at 12:53 pm

Powell says Fed could end bond-buying program sooner

Federal Reserve chair Jerome Powell, said the central bank could end its bond-buying program sooner than expected. Powell raised the possibility during a Senate Banking...

Business

FILE — Jared Kushner, the son-in-law of former President Donald Trump, speaks during an interview outside the White House in Washington, Aug. 14, 2020. Kushner is seeking capital for his new private equity firm and is turning to Saudi Arabia, a country with which he had close ties while in the White House. (Erin Schaff/The New York Times) XNYT198 XNYT198

November 26, 2021 at 6:08 pm

Seeking backers for new fund, Jared Kushner turns to Middle East

Former President Donald J. Trump’s son-in-law is trying to raise capital for his investment firm and is turning to a region that he dealt with...

Nation & World

FILE — Homes in a well-to-do neighborhood of San Diego, July 21, 2021. The response to a plan in Congress to give tax cuts to wealthy homeowners in some high-tax states has put some Democrats on the defensive. (Roger Kisby/The New York Times) XNYT150 XNYT150

November 18, 2021 at 5:46 pm

Tax deduction that benefits the rich divides Democrats ahead of vote

A plan by House Democrats to reduce taxes for high earners in states like New Jersey, New York and California in their $1.85 trillion social...

October 19, 2021 at 6:35 pm

Democrats scale back a tax crackdown plan

Senate Democrats, bowing to an aggressive lobbying campaign by the banking industry and pushback from Republicans, scaled back a Biden administration plan for the Internal...

Business

October 18, 2021 at 5:59 pm

Treasury warns that digital currencies could weaken U.S. sanctions

The Biden administration warned Monday that digital currencies posed a threat to America’s sanctions program and said in a new report that the United States...

Business

A street in Sao Paulo, Brazil, on July 31, 2021. Poverty in many nations is on the upswing.

October 12, 2021 at 4:16 pm

World’s growth cools and the rich-poor divide widens

The resurgence of the coronavirus and supply chain chokeholds threaten to hold back the global recovery’s momentum, a closely watched report from the International Monetary...

Business

October 11, 2021 at 5:07 pm

Biden’s proposal to empower IRS rattles banks and their customers

When the Biden administration looked for ways to pay for the president’s expansive social policy bill, it proposed raising revenue by cracking down on $7...

FILE — Treasury Secretary Janet Yellen listens during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington, Sept. 28, 2021. The global tax agreement reached Friday, Oct. 8, 2021, represents a significant diplomatic win for Secretary Yellen. (Stefani Reynolds/The New York Times) XNYT112

October 8, 2021 at 2:05 pm

Global deal to end tax havens moves ahead as nations back 15% rate

Many of the world’s most powerful nations agreed to overhaul international tax rules in an effort to rein in tax havens that have diverted needed...

Business

Treasury Secretary Janet Yellen appears before a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act on Capitol Hill, Tuesday, Sept. 28, 2021 in Washington. (Matt McClain/The Washington Post via AP, Pool) DCWAP436 DCWAP436

September 28, 2021 at 4:49 pm

Yellen warns of ‘catastrophic’ consequences from debt-limit breach

Her warnings came as the stock market suffered its worst day since May, as investors fretted over a cocktail of concerns, including the potential for...

Nation & World

FILE – This May 4, 2021 file photo shows the Treasury Building in Washington. The U.S. budget deficit rose to $2.71 trillion through August, on track to be the second largest in history due to trillions of dollars in COVID relief. In its monthly budget report, the Treasury Department said Monday, Sept. 13, that the deficit for the first 11 months of this budget year is 9.9% less than the imbalance during the same period last year. (AP Photo/Patrick Semansky, file) NYBZ109 NYBZ109

September 24, 2021 at 3:15 pm

U.S. could run out of cash to pay bills as early as Oct. 15

The U.S. government could run out of cash and start missing payments on things as diverse as Social Security and military pay sometime between Oct....