• The White House says it's up to Congress to decide on sending more stimulus checks, saying they're 'not free'

    10 days ago - By Business Insider

    White House Press Secretary Jen Psaki.
    Alex Wong/Getty Images
    The White House said it will be up to Congress to decide if more stimulus checks go out this year.
    "We'll see what members of Congress propose, but those are not free," Psaki said.
    Lawmakers are unlikely to approve additional payments as the economy displays signs of improvement.
    See more stories on Insider's business page .
    The White House said Tuesday it will be up to Congress to decide if more direct payments go out the door this year, saying they are a costly measure for the federal government to deploy. "We'll see what...
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  • Treasury Secretary Janet Yellen says a 'shocking' $7 trillion in taxes are going uncollected

    10 days ago - By Business Insider

    Treasury Secretary Janet Yellen.
    Manuel Balce Ceneta/AP
    Yellen told The Atlantic that the tax gap is a "shocking" $7 trillion over a decade.
    Her remarks reflect the White House's resolve to collect taxes from high earners and big firms to cover their spending.
    Treasury has said the tax gap could worsen if no additional action is taken.
    See more stories on Insider's business page .
    Treasury Secretary Janet Yellen said a "shocking" amount of taxes are going uncollected by the federal government, and urged additional action to fetch this money from the wealthiest Americans. "It's really...
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