The Latest Breaking News from Wally Adeyemo

The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit

The tax agency's IRA funding was stripped further due to a legislative error.

Supreme court and electoral council members among those sanctioned for impeding ‘transparent electoral process’

The plan will focus on "related party basis shifting," which is typically used by related parties to increase deductions on assets or reduce future gains, thereby lowering the tax liability of the entities involved.

The electric car incentives included in President Joe Biden's Inflation Reduction Act are paying off big time.

U.S. Treasury official in Kyiv discussing financial aid, sanctions on Russia, and using Russian assets to aid Ukraine's defense amidst Russia's territorial...

A U.S. Treasury official is traveling to Kyiv this week to talk about U.S. financial support for Ukraine, efforts to tighten sanctions on Russia and plans to use immobilized Russian sovereign assets for the benefit of Ukraine as it fends off Russian forces

US Treasury reallocates unspent pandemic funds for affordable housing projects, addressing housing shortages and climate risks.

The sanctions, described as the largest single tranche since the start of the war, also seek to impose a cost for the death last week in a Siberian prison of Putin's most vocal critic, Alexei Navalny -- with measures taken against three officials.