IRS collects milestone $1 billion in back taxes from high-wealth taxpayers

The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed into law in 2022. The announcement Thursday comes as the much-maligned agency shows the public how much work it is getting done. In a statement, Treasury Secretary Janet Yellen praises the Inflation Reduction Act for “increasing tax fairness and ensuring that all wealthy taxpayers pay the taxes they owe, just like working families do.”

AP News
Republicans Giddy And Full Of Glee About Their Debt Ceiling 'Hostage' (America)

This close to sending Biden the US economy's severed ear in an envelope.

Wonkette
Debt Ceiling Update: Joe Biden Still Not Negotiating With MAGA Terrorists

Kevin McCarthy can grow a spine and stand up to the extremists.

Wonkette
Yellen warns climate change may trigger losses in US

Treasury Secretary Janet Yellen is set to warn on Tuesday that climate change is already having an economic impact in the U.S., cautioning that it could cause asset value losses in the future, according to Reuters. Yellen is expected to issue the warning to an advisory board that includes academics and leaders from both the…

The Hill
Yellen: GOP demand to link spending cuts to debt limit increase ‘very irresponsible’

Treasury Secretary Janet Yellen said in an interview published Sunday that Republican calls for spending cuts in exchange for agreeing to raise the debt ceiling were “very irresponsible.”  In an interview with the Associated Press published Sunday, Yellen called the GOP’s stance on the debt ceiling could have far-reaching consequences for the economy. “It is…

The Hill
The Debt Ceiling, AGAIN? The Deuce You Say!

How extraordinary!

Wonkette
If We Could Keep This Hunter Biden Investigation About Hunter Biden, That Would Be Great, Mmkay?

The stupidest investigation of the next two years has OFFICIALLY begun.

Wonkette