Treasury Secretary Yellen talks IRS modernization, US economy during Austin visit ...Middle East

AUSTIN (KXAN) — U.S. Treasury Secretary Janet Yellen visited Austin Friday, and spoke at the city's IRS processing center ahead of her Saturday appearance at the Texas Tribune Festival. The Inflation Reduction Act was a key focus of her speech, touting the 2021 law's improvements to IRS operations. Some of her examples included faster phone wait times (down to 3 minutes from 28), better levels of service (88% in 2024 from 15% prior to the IRA), and a "critical step to improving its processing system." "The IRS has launched more digital tools in the past two years than in the previous 20. These changes matter," Yellen said. "They make it easier for taxpayers to pay their taxes, and

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