JOSH BOAK

Boak covers the White House and economic policy.

US proposes rules to stop Americans from investing in Chinese technology with military uses

The Treasury Department has fleshed out its proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing.

Trump is proposing to make tips tax-free. What would that mean for workers?

Former President Donald Trump’s proposal to exclude tips from federal taxes is getting strong reviews from some Republican lawmakers.

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion

The Congressional Budget Office says it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February.

The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.

Trump offers CEOs a cut to corporate taxes. Biden’s team touts his support for global alliances

Former President Donald Trump has told an influential group of CEOs that he would further cut the 21% corporate tax rate to 20%.

Gladys Knight, Patti LaBelle join Biden for early Juneteenth celebration on White House lawn

President Joe Biden has celebrated the Juneteenth holiday early with a concert on the White House South Lawn.

Biden’s team asks CEOs how to further boost the economy while Trump says business is on his side

On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America. But for the past several months, top Biden administration officials have also stepped up their outreach to CEOs and other corporate leaders to ask about what they need.

In one North Carolina county, it’s ‘growth, growth, growth.’ But will Biden reap the benefit?

Just 81,000 people live in rural Chatham County in North Carolina, where there are more than 1,000 farms. But life is changing.

Harris announces plans to help 80% of Africa gain access to the internet, up from 40% now

Vice President Kamala Harris has announced the formation of a new partnership to help provide internet access to 80% of Africa by 2030, up from 40% now.

Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease

Numbers show that the economy during Donald Trump’s presidency has never lived up to his own hype. But polling shows Americans are more confident about his economic leadership than that of President Joe Biden.

Biden and Trump, trading barbs, agree to 2 presidential debates, in June and September

President Joe Biden and former President Donald Trump have agreed to hold two campaign debates, on June 27 hosted by CNN and on Sept. 10 hosted by ABC.

US suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico

The Biden administration is suggesting the possibility that new penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.

Biden is slapping a 102% tariff on Chinese EVs

President Joe Biden says in defending his new tariffs on Chinese products that China’s government subsidies ensure its companies don’t have to turn a profit, giving them an unfair advantage in global trade.

Blinken delivers some of the strongest US public criticism of Israel’s conduct of the war in Gaza

Secretary of State Antony Blinken has delivered some of the Biden administration’s strongest public criticism yet of Israel’s conduct of the war in Gaza.

Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower

A report by The New York Times and ProPublica says former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper.

Biden White House highlights a coming showdown with GOP over 2017 tax cuts that are due to expire

The Biden White House wants voters to know about its differences with Republicans over taxes. Lael Brainard, a top White House adviser, on Friday addressed the 2017 income tax cuts that are set to expire after next year.

Yellen says threats to democracy risk US economic growth, an indirect jab at Trump

Treasury Secretary Janet Yellen argues that a fractured democracy can have destructive effects on the economy.

Have you heard the one about Trump? Biden tries humor on the campaign trail

President Joe Biden is out to win votes by scoring laughs at the expense of Donald Trump. Biden uses mockery with the goal of getting under Trump’s skin and reminding the country of Trump’s blunders.

Biden celebrates computer chip factories, pitching voters on American ‘comeback’

President Joe Biden has arrived in New York state to celebrate a tech company’s plans to build a campus of computer chip factories made possible in part with government support.

US will provide $6.1 billion to Micron Technology for chip plants in NY and Idaho, Schumer says

The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho.

Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas

The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern: The presidential candidates have conflicting ideas about how much to reveal about their own finances and the best ways to boost the economy through tax policy.

Trump goes after the judge and prosecutors in his hush money case in last rally before trial begins

Former President Donald Trump lit into New York prosecutors and the criminal hush money case they brought against him during his last rally before what he called a “communist show trial” begins Monday.

The Trump camp and the White House clash over Biden’s recognition of ‘Transgender Day of Visibility’

President Joe Biden is facing criticism from Donald Trump and religious conservatives for proclaiming March 31 — which corresponds with Easter Sunday this year — as “Transgender Day of Visibility.”

Biden touts Arizona as America’s ‘future’ as government invests $8.5 billion in chipmaker Intel

President Joe Biden is celebrating an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants nationwide.

Biden casts the election as prom night for the voters who ‘brung me to the dance’

When President Joe Biden talks to his supporters, he can make the presidential election sound like a high school prom.

Hosting Ireland’s prime minister, Biden celebrates his Irish roots (as he likes to do)

With St. Patrick’s Day coming up this weekend, President Joe Biden is dwelling on one of his favorite subjects: Ireland.

Why are so many voters frustrated by the US economy? It’s home prices

Going into this election year, the United States is slogging through a housing affordability crisis.

Biden opposes plan to sell US Steel to a Japanese firm, citing the need for ‘American steel workers’

President Joe Biden is opposing the planned sale of U.S. Steel to Nippon Steel of Japan, saying the U.S. needs “strong American steel companies powered by American steel workers.”

Biden’s budget proposal for a second term offers tax breaks for families and lower health care costs

President Joe Biden has issued a budget proposal for a second term aimed at getting voters’ attention with tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations.