Bloomberg News

The telecommunications company replaced Deloitte as its auditor with KPMG International. The decision was questioned by shareholders.

The Council of Economic Advisers said a reduction in revenues from capital gains taxes has played a notable role in the widening deficit.

"These findings are damning," Jon Holt, CEO of KPMG in the U.K., said. "It is clear to me that our audit work on Carillion was very bad."

For years, company leadership allegedly misrepresented and concealed key details about FTX's operations from investors, other employees and the customers who prosecutors claim had billions of dollars of their money stolen.

Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.

The amount shared by the accounting firm's 1,300 U.K. equity partners is broadly the same as last year.

The Treasury Department is in the midst of writing rules for how it will distribute the measure's tax credits from hydrogen projects to low-carbon aviation fuel, but work on that guidance could grind to a halt if the government closes.

The Biden administration has come under pressure to seize the funds outright, something Yellen has said would be illegal under current law.

The consultancy, created by former partners of the defunct Big Five firm, expects revenue to exceed $1.9 billion this year.

The managers of the bankrupt crypto exchange sued the parents of its co-founder and former CEO to "recover ... fraudulently transferred and misappropriated funds."