Fatima Hussein

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

Page 8 of 14

  • Jerome PowellFinance

    After Jerome Powell warns of ‘unsustainable’ $34 trillion national debt ‘growing faster than the economy,’ CBO projects record 116% of GDP by 2034

    By Fatima Hussein, Josh Boak, and others
  • WASHINGTON, DC – FEBRUARY 06: U.S. Treasury Secretary Janet Yellen testifies before the House Financial Services Committee on the subject of “The Annual Report of the Financial Stability Oversight Council.” on Capitol Hill February 6, 2024 in Washington, DC. Yellen was expected to testify on the state of the U.S. economy and labor markets. (Photo by Win McNamee/Getty Images)Politics

    The wealthy are dodging $600 billion in taxes every year. Joe Biden and Janet Yellen are fighting with the GOP to collect just a fraction of that

    By Fatima Hussein and The Associated Press
  • NEW YORK CITY – JANUARY 25: People shop at a home improvement store in Brooklyn on January 25, 2024 in New York City. Economic data from the Commerce Department released today showed that U.S. economy expanded 3.1 percent in 2023, shaking off inflation fears and making the U.S. the fastest growing advanced economy in the world in 2023. (Photo by Spencer Platt/Getty Images)Personal Finance

    Falling inflation and a growing economy aren’t convincing worried voters: ‘I feel like there’s a recession and I’m living it’

    By Fatima Hussein, Josh Boak, and others
  • Danny Werfel, commissioner of the Internal Revenue Service (IRS), speaks during a Senate Finance Committee hearing in Washington, DC, US, on Wednesday, April 19, 2023. Werfel is appearing one day after the federal tax filing deadline, and as Republicans scrutinize the agency’s plan to spend an $80 billion infusion it plans to harness for scrutinizing wealthy taxpayers. Photographer: Al Drago/Bloomberg via Getty ImagesFinance

    IRS says it will collect $560 billion more from rich tax cheats thanks to Inflation Reduction Act

    By Fatima Hussein and The Associated Press
  • FILE – The exterior of the Internal Revenue Service (IRS) building is seen in Washington, on March 22, 2013. Congress is racing to wind down a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic. What was expected to cost the government $55 billion has instead cost it nearly five times that amount as of July. Meanwhile, new claims pour into the IRS each week. (AP Photo/Susan Walsh, File)Politics

    Lawmakers race to wind down COVID-era employee retention tax credit, seeing ‘almost universal fraud in the program’

    By Kevin Freking, Fatima Hussein, and others
  • Joe Biden, Shawn FainPolitics

    UAW’s Shawn Fain says Trump ‘doesn’t care about the American worker’ as union backs Biden for re-election

    By Tom Krisher, Fatima Hussein, and others
  • Joe BidenPolitics

    Biden expected to get UAW endorsement, source says

    By Fatima Hussein, Zeke Miller, and others
  • Vladimir PutinPolitics

    UAE shipping firm hit with U.S. sanctions for violating $60 price cap for Russian crude oil

    By Fatima Hussein and The Associated Press
  • Volodymyr ZelenskyyPolitics

    Zelensky urges Davos to take $300 billion of Russian Central Bank money and help Ukraine war effort: ‘Putin loves money above all’

    By Fatima Hussein and The Associated Press
  • U.S. Treasury Secretary Janet Yellen speaks during a visit to the Financial Crimes Enforcement Network (FinCEN) in Vienna, Va., Monday, Jan. 8, 2024. Yellen announced that 100,000 businesses have joined a new database that collects “beneficial ownership” information on firms as part of a new government effort to unmask shell company owners. (AP Photo/Susan Walsh)Politics

    Treasury Secretary Yellen pushes back against Republican criticism—U.S. economic growth ‘vindicates’ Biden’s pandemic stimulus spending

    By Fatima Hussein and The Associated Press
  • Internal Revenue ServicePolitics

    IRS touts its work on delinquent millionaires, saying it bagged an extra $360 million in overdue taxes thanks to Joe Biden’s Inflation Reduction Act

    By Fatima Hussein and The Associated Press
  • Janet YellenFinance

    Janet Yellen’s quest to expose ‘dirty money’ gets 100,000 firms to sign up to shell company database

    By Fatima Hussein and The Associated Press
  • The US Capitol in Washington, DC, US, on Wednesday, Dec. 13, 2023. Republicans in the US House voted Wednesday to formally authorize an impeachment inquiry into President Joe Biden, escalating a probe that has been underway for several months. Photographer: Al Drago/Bloomberg via Getty ImagesPolitics

    National debt reaches a new record of $34 trillion—or about $100,000 for every person in the U.S.

    By Fatima Hussein, Josh Boak, and others
  • This is a portion of US Steel’s Edgar Thomson Plant in Braddock, Pa., on Monday, Dec. 18, 2023. U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. (AP Photo/Gene J. Puskar)Politics

    Biden believes U.S. Steel sale to Japanese competitor warrants ‘serious scrutiny’ as opposition from Steelmakers union mounts

    By Zeke Miller, Fatima Hussein, and others
  • WASHINGTON – APRIL 19: Internal Revenue Service Commisioner Daniel Werfel testifies during the Senate Finance Committee hearing on “The President’s Fiscal Year 2024 IRS Budget and the IRS’s 2023 Filing Season” on Wednesday, April 19, 2023. (Bill Clark/CQ-Roll Call, Inc via Getty Images)Personal Finance

    Many people who owe back taxes can now pay up without penalty after IRS waives its usual fees

    By Fatima Hussein and The Associated Press