Treasury

British PM Boris Johnson Resigns Amid Scandal

Johnson's 3-year tenure was marked by continued bending of rules.

Summers: Risk of Recession in 2022 Is ‘Significantly Higher’ Than It Was Six, Nine Weeks Ago

Larry Summers stated that the risk of a recession this year “are significantly higher than I would have judged six or nine weeks ago.”

Russia Sanctions Biden’s Wife and Daughter

Russia has imposed sanctions on US President Joe Biden’s wife and daughter, along with 23 other individuals responsible for promoting a “Russophobic course.” The people on the list are barred from entering the country.

Yellen Says High Inflation Will Stick Around All Year

Treasury Secretary Janet Yellen said Sunday that high inflation would persist for the remainder of 2022 and that, while she expects the U.S. economy...

Fed Hikes Rates by the Most in 28 Years, Signals Volcker-Era Is Back

The Fed hiked rates by a stunning (but expected) 75bps - the biggest hike since 1994. Esther George dissented (preferring 50bps).

Treasury Secretary Janet Yellen Responds to Cardi B’s Recession TWEET, Noting That She Does Not Believe There Will Be a Recession

Music superstar Cardi B issued a tweet Sunday on the topic of a recession, but Treasury Secretary Janet Yellen responded on Thursday by noting that she does not expect there to be a recession.

IRS Destroys Millions of Tax Documents, GOP Lawmakers Seeking Answers

Two Republican lawmakers, James Comer (R-Ky.), ranking member of the House Committee on Oversight and Reform, and Nancy Mace (R-S.C.), ranking member of the Subcommittee on Civil Rights and Civil Liberties, have written a letter asking the Internal Revenue Service (IRS) to explain the destruction of 30 million paper-filed tax documents last year.

Respect the Fed? No, End the Fed

President Joe Biden has unveiled a three-part plan to fight inflation — or at least make people think he is fighting inflation. One part...

GOP Say What Biden Is Doing to America Is ‘Intentional’

Rep. Jim Jordan is never one to mince words. So when asked why President Joe Biden was willing to risk children losing their federally...

Kindergarten Teacher Caught Promoting LGBT Gender Ideology

The Washington Post reported that a kindergarten teacher in Massachusetts said that he exposes children to the terms transgender and gender-queer.

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