Sales of new U.S. homes rose for the third straight month in December as high mortgage rates continued to decline, offering some relief for prospective homebuyers.
White House Chief of Staff Ron Klain is expected to step down from his position in the coming weeks, The New York Times reported, citing anonymous senior administration officials.
Treasury Secretary Janet Yellen asserted on Saturday that House Republicans attempting to negotiate spending cuts amid the renewed debt ceiling battle are “very irresponsible.”
A report from the Internal Revenue Service released last week indicated that officials are devoting much of the agency’s recent funding windfall toward audits even as the degree to which the actions will impact everyday taxpayers remains uncertain.
The Internal Revenue Service (IRS) does not yet know the details of how the Biden admin's approval of an $80 billion windfall will affect middle-class audits.
The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.
