Dec 01 Congress has 2 weeks to avert a government shutdown By Andrew Taylor, Associated Press Their to-do list includes keeping the government running into the new year, renewing expired tax breaks for individuals and businesses and approving a defense policy measure that has passed for more than 50 years in a row. They hope to… Continue reading
Nov 14 Watch Atlantic City shuffles for business as casino luck runs out By PBS News Hour Casinos have been Atlantic City’s lifeblood. Now, they’re bottoming out at alarming rates -- four have already closed this year, leaving thousands unemployed. Economics correspondent Paul Solman explores the gamble that elevated Atlantic City in its prime, and how residents… Continue watching
Oct 13 Watch Are the costs of security at 'any price' too high? By PBS News Hour The ongoing war on terror has driven a dramatic rise in spending in the name of security. In his new book, “Pay Any Price: Greed, Power, and Endless War,” New York Times investigative journalist James Risen examines the cost --… Continue watching
Sep 29 Five things Republicans hope to do if they win control of the Senate this fall By Associated Press Without a Democratic majority in the way, Republicans in the Senate will likely take on these five items. Continue reading
Sep 18 Why sell your mansion for less than $1M? By Making Sen$e Editor Mansions, especially in New York City and New Jersey, are often worth more than $1 million. But they're not always being sold for that much. Economists from the National Bureau of Economic Research explain why. Continue reading
Jul 28 Watch Top-down or middle-out? Debating the key to economic growth By PBS News Hour What’s the best engine to drive the economy? More money for the rich, or better wages for the working class? Economics correspondent Paul Solman explores the debate between those two lines of thought with billionaire venture capitalist Nick Hanauer and… Continue watching
Jun 18 IRS will waive tax evasion penalties -- if you can prove it was an accident By Stephen Ohlemacher, Associated Press WASHINGTON — The Internal Revenue Service is offering to waive steep penalties for Americans living abroad who haven't been paying their U.S. taxes. Continue reading
Jun 02 77,000 foreign banks share details on U.S. account holders in IRS crackdown By Stephen Ohlemacher, Associated Press Nearly 70 countries have agreed to share information from their banks as part of a U.S. law that targets Americans hiding assets overseas. Participating countries include all the world's financial giants, as well as many places where Americans have traditionally… Continue reading
May 05 Tough new IRS penalties set to target Russian banks By Stephen Ohlemacher, Associated Press Russian banks that buy U.S. securities after July 1 will forfeit 30 percent of the interest and dividend payments. The withholding applies to stocks and bonds, including U.S. Treasuries. Some previously owned securities would be exempt from the withholding, but… Continue reading
Apr 15 What rates should we be paying on tax day? By Simone Pathe Fifty-two percent of Americans think their taxes are too high, but a similar majority think their taxes are fair. On this tax day, Making Sen$e revisits some of our favorite tax conversations to examine how much Americans of different income… Continue reading