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Yellen talks digital taxes with U.K., Germany in initial calls

U.S. Treasury Secretary Janet Yellen on Wednesday talked with her U.K. and German counterparts about resolving mushrooming disputes over the taxation of internet giants such as Facebook Inc., highlighting the issue as a priority in her initial bilateral calls.

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Treasury plans efforts to deliver missing stimulus payments

The Treasury Department said Friday it plans to launch an all-out effort to deliver Economic Impact Payments to people who haven’t yet received the two rounds of stimulus payments that they should have received last year or this month.

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SBA and Treasury reopen Paycheck Protection Program

The U.S. Small Business Administration and the Treasury Department relaunched the Paycheck Protection Program on Monday to new borrowers, prioritizing loans from community lenders.

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IRS finalizes rules for claiming carbon capture tax credits

The Internal Revenue Service and the Treasury Department released final regulations Wednesday on how businesses can claim a tax credit for use of carbon capture equipment to help the environment.

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IRS and Treasury start depositing stimulus payments

The Internal Revenue Service and the Treasury Department said Tuesday evening that they are beginning to make direct deposits of the second round of economic impact payments as soon as Tuesday night for some taxpayers and will continue doing so ...

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Biden plans to nominate Janet Yellen for Treasury

The former Fed chair would be the first woman to head the Treasury, bringing a seasoned central banker to the nation’s top economic policy job as the coronavirus pandemic threatens another U.S. downturn.

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IRS union sues Trump over civil service executive order

The National Treasury Employees Union has filed a lawsuit to block an executive order signed by President Trump last week that threatens to remove civil service protections from much of the federal workforce.

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Loan fraud, data shortfalls hinder U.S. virus aid, GAO finds

But the federal government has been able to correct some of its earlier missteps, like sending millions of stimulus checks to the deceased, according to the Government Accountability Office.

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