Jennifer Epstein
ReporterJennifer Epstein is a reporter with Bloomberg News.
Jennifer Epstein is a reporter with Bloomberg News.
Kamala Harris will deliver a speech "to outline my vision for the economy." Donald Trump, meanwhile, is set to offer remarks in swing-state Georgia on a plan to lower taxes for U.S. business owners.
The department is reconsidering the IRS’s reliance on facial recognition software ID.me for access to its website.
The president described the passage of the bill a direct response to voters who handed his party defeats in state elections last week.
Top aides to the president are reaching out to senators to convey his enthusiasm for the agreement, a White House official said.
The $579 billion infrastructure deal is a win, yet the bipartisan plan faces hurdles in Congress that reflect challenges to the president's broader economic agenda.
The cost of the expenditures would be offset by a variety of revenue-raising provisions, including stronger enforcement of tax collections from the wealthy.
The president and Republican congressional leaders see a narrow opening for compromise on infrastructure spending yet significant obstacles remain, particularly on tax increases.
'It doesn't have to be exactly' 28 percent, the president said, in a signal that a final package could well have a lower rate.
President Joe Biden’s coming proposal to ramp up the capital gains tax would hit both individuals earning $1 million and married couples filing jointly earning the same amount, according to a White House official.
The administration views GOP attacks on its proposal to use corporate tax hikes to pay for a vast infrastructure program as a losing argument in the battle for public opinion.
President Joe Biden laid out what he called a “bold” plan to rebuild U.S. infrastructure, but now needs an equally ambitious effort to wrangle it through Congress in the face of Republican opposition and criticism from within his Democratic Party.
The infrastructure plan sets the stage for a drawn-out battle over his second big economic program.
President-elect Joe Biden’s team of financial regulators is taking shape, with progressive favorites being chosen for the top jobs at the Securities and Exchange Commission and the Consumer Financial Protection Bureau — moves that mean Wall Street should prepare itself for a new era of tougher oversight and stricter rules.
Gary Gensler, a former head of the U.S.’s main derivatives regulator, is President-elect Joe Biden’s likely pick to lead the Securities and Exchange Commission, according to two people familiar with the matter.
The former Fed chair would be the first woman to head the Treasury.
The Democratic presidential nominee is proposing a 10 percent tax penalty on companies that move operations overseas and a 10 percent tax credit for companies that create jobs in the U.S.