Fatima Hussein

Stay informed with Fatima Hussein’s coverage and analysis for Fortune.

Page 11 of 14

FILE – Treasury Secretary Janet Yellen speaks on the U.S.-China economic relationship at Johns Hopkins University School of Advanced International Studies, Thursday, April 20, 2023, in Washington. Yellen said Sunday that there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation’s borrowing limit of $31.381 trillion in the coming weeks. She did not rule out President Joe Biden bypassing lawmakers and acting on his own to try to avert a first-ever federal default. (AP Photo/Manuel Balce Ceneta, File)

Government employees are suing Janet Yellen and President Biden arguing that the law that sets the debt ceiling is unconstitutional

By Christopher Rugaber, Fatima Hussein, and others

Secretary of Defense Lloyd Austin introduces the B-21 Raider stealth bomber at Northrop Grumman Dec. 2, 2022, in Palmdale, Calif. Under a proposed rule change, foreign citizens and companies would need U.S. government approval to buy property within 100 miles of eight military bases. The new rule would affect eight bases, including three that are tied to the B-21 Raider (AP Photo/Marcio Jose Sanchez, File)

U.S. set to crack down on foreign ownership of land near military sites after Chinese firm tries to build factory near Air Force base

By Margaret Stafford, Tara Copp, and others

FILE – The exterior of the Internal Revenue Service (IRS) building in Washington, on March 22, 2013. That big infusion of cash that Congress approved last year to shape up the beleaguered IRS is having an unexpected side benefit. The funding increase has helped the agency to catch up on processing new and backlogged tax returns. And that, in turn, has allowed federal bean-counters to give policymakers a more precise picture of when the Treasury could run out of money — the so-called X-date. (AP Photo/Susan Walsh, File)

The IRS’s additional funding is helping it better predict the X-date—the exact day when the U.S. will run out of money

By Fatima Hussein and The Associated Press

Treasury Secretary Janet Yellen speaks on the U.S.-China economic relationship at Johns Hopkins University School of Advanced International Studies, Thursday, April 20, 2023, in Washington. (AP Photo/Manuel Balce Ceneta)

Janet Yellen says we could hit the debt ceiling as soon as June 1 and warns Congress to act ‘as soon a possible’

By Fatima Hussein and The Associated Press

Angelia Jolie and Maddox Jolie-Pitt

Biden’s guests for a fancy black-tie dinner with South Korea’s president include Angelina Jolie, Chip and Joanna, and snowboarder Chloe Kim

By Darlene Superville, Fatima Hussein, and others

Treasury Secretary Janet Yellen speaks on the U.S.-China economic relationship at Johns Hopkins University School of Advanced International Studies, Thursday, April 20, 2023, in Washington. (AP Photo/Manuel Balce Ceneta)

Janet Yellen says the US and China ‘need to find a way to live together,’ but she’s kind of suggesting they’re not

By Fatima Hussein and The Associated Press

Danny Werfel, commissioner of the Internal Revenue Service (IRS), speaks after being ceremonially sworn in at the IRS headquarters in Washington, DC, US, on Tuesday, April 4, 2023. Werfel, confirmed by the Senate on March 9, was a global leader at the Boston Consulting Group and former acting administrator of the IRS under President Obama. Photographer: Ting Shen/Bloomberg via Getty Images

If you call the IRS you’ll probably get through pretty quickly in a dramatic break from years past

By Fatima Hussein and The Associated Press

FILE – A portion of the 1040 U.S. Individual Income Tax Return form is shown July 24, 2018, in New York. The IRS has been tasked with looking into how to create a government-operated electronic free-file tax return system for all. Congress has directed the IRS to report in on how such a system might work. (AP Photo/Mark Lennihan, File)

Personal Finance

Taxpayer advocates want the IRS to offer a free electronic tax-filing system. Intuit and H&R Block have spent millions lobbying against it

By Fatima Hussein and The Associated Press

Workers who are contracted to feed World Bank employees through a firm called the Compass Group, protest for higher wages and affordable healthcare benefits, Wednesday, April 12, 2023, outside of the World Bank in Washington. (AP Photo/Mariam Zuhaib)

The World Bank’s mission is to fight poverty. Workers at its headquarters are striking because they’re struggling to make ends meet

By Fatima Hussein and The Associated Press

Russian President Vladimir Putin meets with Russian Health Minister Mikhail Murashko at the Kremlin in Moscow, Russia, Friday, April 7, 2023. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)

America has a message for countries and companies still doing businesses with Russia: You’re with us or against us

By Fatima Hussein and The Associated Press

FILE – Daniel Werfel testifies before the Senate Finance Committee during his confirmation hearing to be the Internal Revenue Service Commissioner, Feb. 15, 2023, in Washington. The IRS released details Thursday, April 6, on how it plans to use the $80 billion it’s getting to improve operations, promising investments in new technology, hiring more customer service representatives and expanding its ability to audit high-wealth taxpayers. Contrary to unfounded alarmist talk from Republicans, it won’t include spending for new IRS agents with guns, says IRS Commissioner Daniel Werfel. (AP Photo/Mariam Zuhaib, File)

The IRS plans to use its $80 billion windfall to update their tech and audit more rich people

By Fatima Hussein and The Associated Press

FILE – In this image taken from video, Managing Director Kristalina Georgieva of the International Monetary Fund speaks at the opening ceremony of the Boao Forum for Asia in Boao in southern China’s Hainan Province, March 30, 2023. The International Monetary Fund chief is warning the world economy is expected to grow less than 3% in 2023, down from 3.4% last year, increasing the risk of hunger and poverty globally. Kristalina Georgieva said Thursday growth is expected to remain around 3% for the next five years, calling it “our lowest medium-term growth forecast since 1990.” (AP Photo/Dake Kang, File)

The IMF warns that the next 5 years will have the slowest growth since 1990 and it could be a ‘severe blow’ to the world economy

By Fatima Hussein, Josh Boak, and others

Joe Manchin

Manchin says it’s ‘horrific’ that Janet Yellen’s Treasury just put $7,500 EV tax credits out of reach for millions of Americans

By Tom Krisher, Fatima Hussein, and others

Hand of a senior citizen.

Social Security and Medicare face a major financial shortfall in the next decade that will put millions of seniors in a huge bind

By Amanda Seitz, Fatima Hussein, and others

WASHINGTON, DC – MARCH 29: U.S. President Joe Biden makes brief remarks while hosting Argentinian President Alberto Fernandez for a meeting in the Oval Office at the White House on March 29, 2023 in Washington, DC. The two leaders are meeting on the sidelines of the second, mostly-virtual Summit for Democracy after a previously planned meeting was postponed last year when Biden tested positive for COVID-19. (Photo by Chip Somodevilla/Getty Images)

After bank failures, Joe Biden raises the alarm to restore ‘common-sense’ rules that Donald Trump weakened

By Fatima Hussein, Josh Balk, and others