Tougher IRS Enforcement Central to Dem Economic Package

After more than a decade of mostly losing out, the Internal Revenue Service may finally get the cash infusion it's long wanted in the economic package that Democrats are working furiously to push through Congress before their August break.

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Summers Warns of ‘Economic Distress’ As Fed’s Powell Holds Out Hope

Some economists — including former Treasury Secretary Larry Summers — say Powell is being much too optimistic about the Fed’s ability to tame prices without pushing unemployment much higher. The implication: The Fed chief, who has sought to elevate the central bank’s focus on boosting the labor market, may be forced to accept millions of job losses and a significant recession to curb inflation.

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