Biden Administration

The outgoing Treasury Secretary warned that plans by the incoming administration could worsen an already challenging fiscal outlook.

The tax incentive that took effect on Jan. 1 is part of President Joe Biden's signature climate law, the Inflation Reduction Act.

President Joe Biden also warned that Donald Trump's plans to extend tax cuts and reshape global trade through tariffs risked reversing economic gains.

A letter from 18 Republican representatives told Speaker Mike Johnson not to repeal the

The shock replacement of the Democratic presidential candidate less than four months before the election has introduced a new element of uncertainty about the outlook for economic policy in 2025 and beyond.

The court made it tougher for the administration to defend regulations it issued in recent months to tackle climate change, forgive student debt, crack down on so-called "junk fees" and write tax regulations.

This year's Greenbook proposals contain some greatest hits, including a higher corporate minimum tax.

The Biden administration unveiled a framework that includes principles to help ensure the trading regimes deliver real emissions reductions.

The measures include expanded tariffs, tax policy guidance that could heighten demand for some U.S.-made solar equipment and promises of heightened vigilance for signs of unfair trade.

The Biden administration gave carmakers a partial reprieve in finalizing electric-vehicle tax credit rules intended to loosen China's grip on battery materials crucial to the car industry's future.

The Treasury released guidance on the tax credit available for producers of sustainable aviation fuel, a measure established as part of Biden's landmark climate law.

The Treasury will unveil the final version of new rules limiting a popular tax credit for electric car buyers as soon as Friday.

Treasury Secretary Janet Yellen came under fire from Republicans over a quip from President Biden about letting tax cuts enacted by Donald Trump expire.

A battery-material maker, an electric vehicle charger manufacturer and a rare earth producer were among about 35 recipients of energy tax credits.

Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.

The Senate Finance Committee held a hearing to discuss the Biden administration's recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.

A congressional hearing with the Treasury secretary presaged a partisan battle over sweeping reductions set to expire at the end of next year.

The president's 2025 budget proposal aims to deliver more services, middle-class tax breaks and price controls funded through higher taxes on the wealthy and corporations.

President Joe Biden's budget proposal — which calls for sweeping tax increases on corporations and the wealthy — is the opening round of a looming tax fight.

President Joe Biden proposed tax increases on the wealthy and large corporations, along with some new tax credits, in his State of the Union address on Thursday night.