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Biden moves to undo Trump trade legacy with EU deal

Trump left office having stirred up trade wars with U.S. allies and adversaries alike, imposing tariffs on hundreds of billions of dollars worth of imports.
Democrats and Republicans both criticized Trump’s approach, calling for a more coordinated trade policy that worked in tandem with allies to pressure China.
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Biden sought to highlight that shift when announcing the deal Tuesday.
“The U.S. and EU will work together in specific ways that reflect our high standards, including collaborating on inward and outbound investment and technology transfer,” he said.
“It’s a model we can build on for other challenges posed by China’s economic model.” ....

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Republicans open new line of attack on IRS

The IRS is back in Republicans’ crosshairs following a ProPublica report based on the confidential tax records of the wealthiest Americans. ....

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On the Money: Inside Biden's $3T budget | Key inflation metric higher than expected

Hello and happy Friday, and welcome back to On The Money. I'm Naomi Jagoda, filling in for Sylvan Lane, with your nightly guide to everything affecting your bills, bank account and bottom line. ....

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Democrats renew push for permanent child credit expansion

The coronavirus relief law Biden signed in March included a one-year expansion of the child tax credit. One part of the expansion was to direct the IRS to make advance payments of the credit from July though December, so that families receive funds in installments throughout the year instead of a single payment when they file their tax returns.
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The law also increased the credit amounts and made the credit fully available to the lowest-income families.
The Treasury Department and IRS said Monday that the monthly payments would start on July 15, and would be made automatically to about 39 million households that include nearly 90 percent of children in the United States. ....

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The Technology 202: An FTC commissioner could find no precedent for taking parental leave. So she set one.

The Technology 202: An FTC commissioner could find no precedent for taking parental leave. So she set one.
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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