Ben Werschkul
Yahoo Finance
Washington, DC, United States
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Past articles by Ben:
Yellen: US could default on debt as soon as June 1
Yellen's prediction is more aggressive than other estimates that suggest the U.S. economy may have until July before a possible default. → Read More
Congress hasn't banned lawmakers from trading stocks. Can a bank crisis change that?
The stock sales made by various lawmakers from both parties during the March banking turmoil are renewing calls for an outright ban of Congressional trading. → Read More
SVB collapse creates rift among Democrats over 2018 banking law
Liberal Democrats say a 2018 law is to blame for this week's crisis. They’ll need to convince a sizable number of their own colleagues who voted for it. → Read More
9 ways Biden is set to 'raise some taxes' in 2024 budget proposal
Biden's proposal includes new taxes on the business world as well as on wealthy Americans. → Read More
Here's what Biden wants to do to shore up Medicare
President Biden is set to formally release his 2024 budget proposal later this week and is already offering previews. → Read More
'Voters are not confident in the Federal Reserve,' new Dem poll finds
42% of the respondents said they have little to no confidence in Powell doing what is right for the economy. → Read More
Lawmakers unveil plan to keep Americans from claiming Social Security too early
Ideas include bringing back paper statements and changing confusing terminology. → Read More
Biden has big plans for 'semiconductor clusters' — will companies play along?
Some industry voices have been grumbling about the many restrictions on the money earmarked for the plans. → Read More
Congress sends Biden a measure to stop ‘woke’ 401(k)s
The Senate passed a measure to block retirement account managers from considering environmental, social, and corporate governance principles when evaluating investments. → Read More
Why Biden’s Commerce chief is wary of expanding the economic clash with China: 'Jobs'
For the moment, the economic measures from Washington D.C. aimed at Beijing remain limited. Asked whether she think the measures will be expanded anytime soon, Commerce Secretary Gina Raimondo said“I don't see that.” → Read More
Biden official drops new details on how it will spend $50 billion on semiconductors
The Biden administration is unveiling audacious goals Thursday for how it will seek to get the most bang for the billions it has at its disposal to spur the semiconductor sector in the U.S. in the years ahead. → Read More
When could the U.S. default? Here are the latest projections.
Groups have been poring over the data to try and give Washington and Wall Street a clearer indication of when the government might not be able to pay its bills but the the picture remains very murky. → Read More
Former IRS head says you need tech, not brute force, to bring tax cheats to heel
Daniel Werfel appears very likely to become America’s next IRS commissioner. Then the the hard part starts, warns a former commissioner who led the agency from 1997 to 2002. → Read More
Buttigieg calls for bigger fines on railways that flout safety rules
As part of its response to the fiery rail disaster in Ohio, the Biden administration announced Tuesday it is calling on Congress to allow much bigger fines on rail companies who violate safety regulations. → Read More
After a year in the spotlight, moving natural gas remains a gauntlet for companies
Perhaps counterintuitively, the hurdles facing natural gas pipeline projects haven’t gotten lower in the last year even with spiking demand from Europe and a Biden administration vow to ramp up liquid natural gas exports in response. → Read More
How two 2015 laws are draining America’s energy backstop—and slowing efforts to refill it
Congressionally-mandated sales would bring the level of the Strategic Petroleum Reserve to further lows not seen since the 1980s. → Read More
Biden’s IRS nominee again promises to prioritize audits on the rich
Biden’s pick to lead the Internal Revenue Service sat before Senators Wednesday as he aims to take over in coming months at a crucial time in the agency’s history. → Read More
Debt ceiling: CBO finds government could be at risk of default ‘between July and September’
The agency further warned that its projected exhaustion date — commonly known as the X-date — remains uncertain. → Read More
Biden strikes EV deal with Tesla, others for widespread charging station access
The Biden administration announced a new series of measures Wednesday to tackle the persistent problem of driving long distances in an EV. → Read More
Biden’s IRS nominee to face questions on 2 hot button political topics this week
If confirmed, Daniel Werfel will lead the IRS at one of its most consequential moments in recent history. → Read More