Alan Rappeport
The New York Times
Washington, DC, United States
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Past articles by Alan:
F.D.I.C. Proposes Broadening Bank Insurance for Businesses
The recommendations followed concerns that fueled a run on several banks. → Read More
Key Takeaways From Regulatory Review of Bank Failures
The Federal Reserve and the Federal Deposit Insurance Corp. reviewed what went wrong with oversight of two regional banks. A watchdog agency released its own take. → Read More
Regulators Race to Contain Silicon Valley Bank Fallout and Close Signature Bank
The Treasury, Federal Reserve and Federal Deposit Insurance Corporation unveiled a plan to contain fallout from the collapse of Silicon Valley Bank. → Read More
Trump Tax Returns Released by House Democrats
The publication of former President Donald J. Trump’s private tax documents comes amid questions about why the I.R.S. failed to fully audit him during his presidency. → Read More
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