Treasury

The Church of Gaia: Elevating the Planet Over People

This past Wednesday, President Joe Biden announced a list of new executive orders he will impose on the American people. Included in King Joe’s...

$3,835,390,000,000: Federal Tax Collections Set Record Through June

The federal government hauled in a record $3,835,390,000,000 in total taxes in the first nine months of fiscal 2022 (October through June), according to the Monthly Treasury Statement.

Matt Gaetz Proposes Bill Restricting the IRS From Purchasing Ammunition

The IRS unnecessarily spent $725,000 on ammunition from March to June this year.

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.

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