2023

BYD's Stance on the US EV Market Chinese electric vehicle (EV) giant BYD believes that the USA's Inflation Reduction Act of 2022 is preventing the sale of cheap electric cars in the United States. BYD's Stella Li claims that the US isn’t “under our current consideration” due to the Act, although it is worth noting that this didn't prevent BYD from…

Digital Intake Initiative: A New Approach to Tax Filing Efficiency for IRS The Enterprise Digitalization Office at the IRS is focused on strategic objective 1.2: the digitalization initiative. One of the projects under this initiative is the digital intake initiative, which aims to modernize the way paper tax returns are processed by…

White House Budget Director Shalanda Young Negotiates Debt Limit Deal Shalanda Young, the White House budget director, joined a team of Biden administration officials in intense negotiations with House Republicans to avert a catastrophic government default. The Republican caucus refused to raise the nation's $31.4 trillion borrowing limit without…

President Biden Raises Debt Ceiling to Avoid Default President Joe Biden signed a bill on June 3rd, just two days before the deadline, which lifts the nation's debt ceiling and prevents an unprecedented default on the federal government's debt. Following weeks of intense negotiations, the agreement suspends the debt limit until 2025 and restricts…