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WASHINGTON — Treasury Secretary Janet Yellen praised a new initiative by the IRS that she said will help reduce the federal deficit by $2.6 trillion over the next 10 years — an extension of the Biden administration's pledged $1 trillion in deficit reduction from the Inflation Reduction Act. The initiative is a "key" to unlocking other system improvements, said Yellen, including error reductions in tax processing and secure data access for taxpayers. "I urge Congress to provide stable and sufficient annual appropriations for the IRS in order to sustain and build on this progress," Yellen said. The agency has already recovered roughly $38 million from about 175 delinquent tax cases for millionaires, said Yellen. CORRECTION: This story has been updated to say that the IRS paperless system will help with the Biden administration's effort to cut into the federal deficit by $2.6 trillion over the next 10 years.
Persons: Janet Yellen, Johns, Biden administration's, Yellen, Biden Organizations: Johns Hopkins University’s School, International, WASHINGTON —, IRS, Biden Locations: Washington , DC
Photo: Getty Images/Tetra images RFA group of generals is called a “glitter”; a group of historians an “argumentation.” There is no colorful group noun for academic analysts of strategy. Perhaps, like owls, they form a “college.” In “The New Makers of Modern Strategy,” Hal Brands, a professor of strategy at the Johns Hopkins University’s School of Advanced International Studies, gathers a college of 45 such experts. All are wise after the facts of their field, and each attempts the historian’s equivalent of the owl’s neck rotation—a sweep that, taking in past and present, looks to the future.
Persons: Hal Brands Organizations: , Johns Hopkins University’s School, International Studies
Yellen to Call for ‘Constructive’ China Relationship
  + stars: | 2023-04-20 | by ( Ana Swanson | ) www.nytimes.com   time to read: +1 min
WASHINGTON — Treasury Secretary Janet L. Yellen on Thursday will call for a “constructive” and “healthy” economic relationship between the United States and China, one in which the two nations work together to confront challenges like climate change, according to excerpts from prepared remarks. Ms. Yellen’s comments, which she will deliver at Johns Hopkins University’s School of Advanced International Studies, will strike a notably positive tone about the U.S.-China relationship following months of heightened tensions between the two nations, which have the world’s largest economies. Ms. Yellen is expected to stress the importance of securing American national security interests, as well as of protecting human rights. She will also emphasize that targeted actions the United States has taken against China — like cutting it off from the world’s most advanced semiconductors — are aimed purely at protecting U.S. national security.
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