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Category: United States Politics and Government

U.S. Aims to Curb Investment in China Amid Security Concerns

The Biden administration is preparing new rules that would restrict U.S. dollars from flowing to China.

Can Child Care Be a Big Business? Private Equity Thinks So

Some high-end chains are surprisingly profitable, and they are trying to shape child care policy in Washington.

Clean Energy Tax Break Draws Scrutiny of Natural Gas Plan in New Mexico

A defunct New Mexico coal plant would be revamped with the help of subsidies authorized by the new climate legislation, but a plan to rely on natural gas converted into hydrogen has generated criticism.

Trial of Trump Adviser Tom Barrack Could Shed Light on Foreign Agents

Thomas Barrack, a Los Angeles private equity executive, is accused of working secretly for the United Arab Emirates.

Conservatives Attack Companies for Being Too ‘Woke’ on Climate

Conservatives in the U.S. have targeted firms for their environmental policies, but many companies are standing their ground.

The Carried Interest Loophole Survives Another Political Battle

The latest effort to narrow the preferential tax treatment used by private equity executives failed after Senator Kyrsten Sinema objected.

Carried Interest Is Back in the Headlines. Why It’s Not Going Away.

Changes demanded by Senator Kyrsten Sinema will preserve a tax loophole that Democrats have complained about for years.

Sinema’s Puzzling Defense of the Carried Interest Loophole

Senator Kyrsten Sinema had one main request before she would support a key spending bill: Preserve a tax loophole that mainly benefits people in private equity.

What Would the New Carried Interest Loophole Proposal Do?

Legislation agreed to by top Democrats falls far short of closing a tax loophole that party leaders have complained about for years but would narrow its preferential treatment.

Kushner’s and Mnuchin’s Quick Pivots to Business With the Gulf

Weeks before the Trump administration ended, Jared Kushner and Steven Mnuchin met with future investors on official trips to the Middle East.

How Roman Abramovich Used Shell Companies and Wall Street Ties to Invest in the U.S.

Using a network of banks, law firms and advisers in multiple countries, Roman Abramovich invested billions in American hedge funds.

Seeking Backers for New Fund, Jared Kushner Turns to Middle East

Former President Donald J. Trump’s son-in-law is trying to raise capital for his investment firm and is turning to a region that he dealt with extensively while in the White House.

How Hunter Biden’s Firm Helped Secure Cobalt for the Chinese

The president’s son was part owner of a venture involved in the $3.8 billion purchase by a Chinese conglomerate of one of the world’s largest cobalt deposits. The metal is a key ingredient in batteries

Trump Allies Are Prominent at Saudi Investment Conference

But the Biden administration sent only a deputy commerce secretary to the high-profile gathering, amid shifts in global politics and diplomatic strains.

Mnuchin’s Private Equity Fund Raises $2.5 Billion

The former Treasury secretary has attracted investment from Saudi Arabia’s sovereign wealth fund.

How Private Equity Firms Avoid Taxes

The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.

After Capitol Riots, Billionaire’s ‘Scholars’ Confront Their Benefactor

More than 160 participants in a master’s program funded by the Blackstone founder Stephen Schwarzman have urged him to stop donating to election objectors. He has declined.

Blackstone's Schwarzman Stays Loyal to Trump

The Blackstone chief executive stuck with President Trump despite the occasional slight, and stopped short of criticizing him even after the Capitol attack.

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