World Feb 23 Russia hit with new sanctions for the Ukraine war’s 2nd anniversary and Navalny’s death The U.S. Treasury, State Department and Commerce Department plan Friday to impose roughly 600 new sanctions on Russia and its war machine in the largest single tranche of penalties since Russia’s invasion of Ukraine on Feb. 24, 2022.
Economy Feb 21 IRS to pursue business private jet usage in new round of audits on wealthy taxpayers First, there were trackers on Taylor Swift and other celebrities' private jet usage. Now, there will be more scrutiny on executives' personal use of business aircraft who write it off as a tax expense.
World Feb 20 White House promises ‘major sanctions’ on Russia in response to Alexei Navalny’s death The White House says it is preparing additional "major sanctions" on Russia in response to opposition leader Alexei Navalny's death in an Arctic penal colony.
Economy Feb 06 IRS expects to collect hundreds of billions more in unpaid taxes thanks to new funding The report says tax revenues are expected to increase by as much as $561 billion from 2024 to 2034, which is substantially more than previous estimates.
World Jan 30 U.S. considering more measures against Venezuelan President Maduro after pulling some sanctions relief The U.S. is considering additional measures against Venezuelan President Nicolás Maduro's government after the South American country's highest court blocked the presidential candidacy of an opposition leader.
Politics Jan 29 The IRS is launching a direct file pilot program for the 2024 tax season — here is how it will work The Direct File pilot program is set to be rolled out in phases. First, select government employees are being invited to participate. It will expand to certain other taxpayers in February and March.
Politics Jan 25 WATCH: Yellen delivers remarks in Chicago on U.S. economic growth and investments Treasury Secretary Janet Yellen is visiting the Midwest this week to make a case for the Biden administration's economic agenda and offer a reminder about the Trump administration tax cuts, which she says added to the deficit and did little to promote…
Politics Jan 24 WATCH: Biden endorsed for reelection by United Auto Workers President Joe Biden has long billed himself as the most labor-friendly leader in American history, and went so far as to turn up on a picket line with union workers at a GM parts warehouse in the Detroit area during…
World Jan 22 U.S. sanctions Iraqi airline Fly Baghdad, its CEO and Hamas cryptocurrency financiers The sanctions come as Israel's bombing campaign on the Gaza Strip continues and Iranian-backed militias in Iraq launch regular strikes against bases housing U.S. forces in Iraq and Syria.
Politics Jan 17 Yellen says current U.S. economic growth ‘vindicates’ Biden’s COVID-19 pandemic stimulus spending Treasury Secretary Janet Yellen is making an election-year pitch that the current state of the economy "vindicates" Democrats' decision to pass a $1.9 trillion coronavirus pandemic response package back in 2021.