The Latest Breaking News from Janet Yellen

WASHINGTON — Look out, warn the Republicans. The Internal Revenue Service is about to unleash an army of agents eager to audit you and cost you a lot of money and aggravation.

"Deeply dangerous nonsense," says representatives regarding the rumor

With offshoring now faltering, a US-led trend sees firms shifting manufacturing and more to countries with shared values. But this won’t be cost-free

The US Commerce Department on Thursday announced that the country’s gross domestic product had fallen for the second consecutive quarter, although President Joe Biden said the economic data overall “doesn’t sound like a recession”. In most countries, two successive quarters of GDP decline qualify as a recession – but not…

Free community based online encyclopedia Wikipedia allows users to update sites with information and facts. Sometimes users take things too far and post funny items or inaccurate information. In the case of the word “recession,” multiple attempts to change the definition led to the page being locked.

GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly struggling.

WASHINGTON— The groundbreaking global corporate-tax agreement secured last year by Treasury Secretary Janet Yellen included a “failsafe” measure to encourage compliance by its 137 signatories.

The move is intended to curb inflation though previous increases this year have had little effect so far

Three Ukrainian Black Sea ports resumed work Wednesday, Ukraine's navy said, following a UN-backed deal aimed at releasing 25 million tonnes of cereals stuck in Ukraine. Russian energy giant Gazprom cut gas deliveries to Europe via the Nord Stream pipeline to about 20 percent of its capacity, German authorities said.…