Alan Rappeport, The New York Times

Alan Rappeport

The New York Times

Washington, DC, United States

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Recent articles by Alan:

The Global Minimum Tax Deal Is in Trouble

A global agreement to increase taxes on corporations is in jeopardy. → Read More

Treasury Secretary Janet Yellen calls for a reshaping of global supply chains that are ‘not secure.’

Policymakers are discussing how to be less reliant on adversarial countries at the spring meetings of the I.M.F. and World Bank. → Read More

The Treasury Department takes action to crack down on Russian sanctions evasion.

New sanctions target a Russian bank and cryptocurrency mining company. → Read More

Treasury Secretary Janet Yellen walked out of a G20 meeting as Russia’s finance minister spoke.

Several central bank governors and finance ministers protested Russia’s participation at the spring meetings of the I.M.F. and World Bank. → Read More

The World Bank slashes its forecast for global economic growth.

The World Bank is slashing its forecast for global economic growth this year, citing the war in Ukraine, inflation and the lingering effects of the pandemic. The World Bank now expects the global economy to grow at a rate of 3.2 percent in 2022, down from its previous estimate of 4.1 percent, its president, David Malpass, said on Monday morning. The World Bank estimated that the global economy… → Read More

Treasury makes a plea for more I.R.S. funding on Tax Day.

The Biden administration continues to push for $80 billion in new funding for the tax collection agency. → Read More

Yellen says the aim is ‘maximum pain’ for Russia without hurting the U.S. economy.

The Treasury secretary, testifying before a House committee, said the U.S. would continue finding ways to punish Russia for its invasion of Ukraine. → Read More

U.S. escalates sanctions with a freeze on Russian central bank assets.

The action is likely to fuel rapid inflation in Russia as it wages war in Ukraine. → Read More

Black Farmers Fear Foreclosure as Debt Relief Remains Frozen

Lawsuits from white farmers have blocked $4 billion of pandemic aid that was allocated to Black farmers in the American Rescue Plan. → Read More

The I.R.S. is warning of a messy tax season.

The agency, which has been hobbled by paperwork backlogs and short staffing, said tax filers should expect a lower level of service this year. → Read More

Here’s what’s in the infrastructure bill that Biden signed today.

In total, the measure contains $550 billion in new funds to be spread around different areas of need. → Read More

The U.S. budget deficit hit $2.8 trillion in 2021, the second highest on record.

The deficit was not as high as projected as the strengthening economy bolstered tax revenue. → Read More

A Global Deal Aimed at Ending Tax Havens Gains Momentum

Negotiators are coalescing around a 15 percent minimum tax rate, which could be announced at a Friday meeting. → Read More

Janet Yellen says she supports eliminating the debt limit.

“I believe it is very destructive to put the president and myself, as Treasury secretary, in a situation where we might be unable to pay the bills that result from those past decisions,” Ms. Yellen said Thursday. → Read More

Janet Yellen and Jerome Powell warn that the Delta variant is slowing the recovery.

The Treasury secretary and the Federal Reserve chair prepared remarks ahead of their testimony today to the Senate Banking Committee. → Read More

Explaining the U.S. Debt Limit and Why It Became a Bargaining Tool

Political polarization turned a tool for fiscal responsibility into a recipe for economic calamity. → Read More

The U.S. could run out of cash to pay its bills as early as Oct. 15, analysts say.

The analysis showed a narrower window during which the United States could default on its debt. The Treasury has said it has no official contingency plan if the debt limit is breached. → Read More

Treasury's Janet Yellen Is Being Tested by Debt Limit Fight

The Treasury secretary must wade into a standoff between Democrats and Republicans over raising the debt limit. → Read More

The Biden administration is combating ransomware with a crackdown on cryptocurrency payments.

Previewing its new approach, the Treasury Department announced sanctions against a virtual currency exchange called Suex. → Read More

Mnuchin’s Private Equity Fund Raises $2.5 Billion

The former Treasury secretary has attracted investment from Saudi Arabia’s sovereign wealth fund. → Read More