Biden Administration

Basis Climate introduced a digital exchange where companies can buy and sell renewable energy tax credits like the kind offered under the Inflation Reduction Act.

GOP members of the Ways and Means Committee want to prevent an international tax agreement backed by the Biden administration from taking hold.

The Treasury released partial guidance on supply-chain requirements that lets some vehicles qualify — but it hasn't yet clarified how to classify so-called foreign entities of concern.

The Biden administration secured an extension of a worldwide freeze on new digital taxes, putting it on a collision course with Canada after Ottawa refused to endorse the deal.

The justices, voting 6-3 along ideological lines, sided with six Republican-led states that sued to challenge the program.

As an international tax deal founders, the administration aims to preserve a key benefit for large American tech companies.

Elon Musk is getting more firepower for his electric-vehicle price war thanks to tax credits in the president's signature climate legislation.

A series of tentative compromises were worked out on spending caps, the defense budget and IRS funding.

The IRA's 1% levy on stock repurchases likely won't move the needle — or it will move it too far, experts contend.

Biden's team agreed to trim $21 billion over a decade from IRS enforcement and $28 billion from prior COVID spending.

More than anything else, that may prove a decisive element in ending the partisan standoff.

Some Senate Democrats are pushing the Biden administration to impose tough limits on hydrogen tax credits they say will ensure the fuel lives up to its climate-fighting potential.

McCarthy has told Biden that he did not intend to retreat from public refusals to accept additional taxes as part of an agreement.

The Treasury Secretary Janet Yellen underscored the urgency of the White House reaching a deal with Republicans to raise the debt limit.

The Inflation Reduction Act encourages automakers to manufacture electric cars in the U.S.

Republicans rejected a Democratic proposal that would seek to raise revenue by altering a dozen tax provisions.

She advised Congress that the Treasury may exhaust its special accounting maneuvers to avoid running out of sufficient cash as soon as early June.

The government reached the statutory cap on borrowing in January and the Treasury has since been using special accounting measures to make cash available.

A bipartisan group of lawmakers introduced legislation that would allow President Biden to sign a tax agreement despite objections from China.

The Treasury Secretary said her department's ability to use special accounting maneuvers to stay within the federal debt limit could be exhausted soon.