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Inflation is "not yet where it needs to be," Treasury Secretary Yellen says

May 9, 2024
Janet Yellen addresses the state of the U.S. economy and underscores the country's rivalry and collaboration with China in an interview.
"I think it's important for Americans to understand how critical democracy is to economic performance," Treasury Secretary Janet Yellen says. Above, Yellen testifies at a House Ways and Means committee hearing on April 30.
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"We've got a lot more progress to go" on fixing racial disparities caused by the tax system

Jan 18, 2024
Dorothy Brown of Georgetown University has spent her career researching race and the tax code. Now, she advises the Treasury Department.
The Internal Revenue Service does not collect or publish statistics by race, but there is more to the story, says Dorothy Brown of Georgetown University.
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Buckle up for a big economics week in Washington

Mar 6, 2023
Fed Chair Jerome Powell testifies on Capitol Hill tomorrow and Wednesday. President Biden is set to release a budget outline on Thursday, and we get February jobs numbers this Friday.
Above, Federal Reserve Chair Jerome Powell testifies to Congress in June. He's slated to appear before lawmakers again this week to discuss the central bank's activities and a range of economic issues.
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Is the tax code racist?

Mar 23, 2021
Professor Dorothy Brown of Emory University became a "detective," searching for data on how the tax code impacts Black Americans.
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What the Beatles taught us about tax policy

Feb 20, 2020
The Fab Four were saying something about British public policy with the lyrics, "There's one for you / Nineteen for me."
The Beatles pose at the BBC Television Studios in London before the start of their world tour in 1966.
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Ever heard of modern monetary theory?

It's a way of thinking about the economy. Picture a bathroom sink ...
U.S. Representative Alexandria Ocasio-Cortez says that Modern Monetary Theory should “be a larger part of our conversation."
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For public good, not for profit.

When is a health care bill not a health care bill? When it's a tax bill.

Mar 14, 2017
The GOP health plan includes $600 billion in tax cuts for the health industry and wealthy Americans.
Speaker of the House Paul Ryan (R-WI) (R) takes his notes after talking to reporters about the American Health Care Act with House Majority Leader Kevin McCarthy (R-CA) outside Ryan's office in the U.S. Capitol March 7, 2017 in Washington, DC.
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Trump's tax plan

Nov 18, 2016
What we know so far and what it means for you.
Trump's tax plan could mean tax cuts for the very rich.
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What is "carried interest" and why should I care?

Oct 10, 2016
Both presidential candidates want to get rid of it. Let's explain this arcane term.
Republican presidential nominee Donald Trump appears on a monitor in the media center during the second presidential debate with democratic presidential nominee former Secretary of State Hillary Clinton at Washington University on October 9, 2016 in St Louis, Missouri.
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