Today: October 06, 2024
Today: October 06, 2024

Latest From FATIMA HUSSEIN

Business|News|World

Yellen says US-China relationship on 'more stable footing' but more can be done to improve ties

U.S. Treasury Secretary Janet Yellen has met with Chinese Premier Li Qiang and sent a message of mutual cooperation despite the nations’ differences

Yellen says US-China relationship on 'more stable footing' but more can be done to improve ties
Business|News|Political|World

As Yellen heads to Beijing, China worries that the U.S. is planning more tariffs on green tech

As U.S. Treasury Secretary Janet Yellen appeals to Chinese leaders to change their domestic manufacturing policies on the second day of an official visit, state media are receiving her message with skepticism, and anxiety about more U.S. tariffs on green energy products

As Yellen heads to Beijing, China worries that the U.S. is planning more tariffs on green tech
Business|News|Political|World

Treasury secretary heads to China to talk trade, anti-money laundering and Chinese 'overproduction'

Treasury Secretary Janet Yellen is heading to a China that is determined to avoid open conflict with the United States

Treasury secretary heads to China to talk trade, anti-money laundering and Chinese 'overproduction'
News|Political|World

US sanctions online site 'Gaza Now' and its founder for allegedly supporting Hamas

The U.S. has imposed sanctions on an online media site called Gaza Now and its founder Mustafa Ayash, for allegedly supporting Hamas

US sanctions online site 'Gaza Now' and its founder for allegedly supporting Hamas
Business|News|Political|World

Yellen says China's rapid buildout of its green energy industry 'distorts global prices'

Treasury Secretary Janet Yellen is calling out China’s excess production in green energy, calling it unfair competition that “distorts global prices” and hurts companies and workers around the world

Yellen says China's rapid buildout of its green energy industry 'distorts global prices'
News|Political

The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire. Is one of them yours?

The IRS is warning taxpayers that they may be leaving more than $1 billion on the table

The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire. Is one of them yours?
Business|News|Political

Budget Office report credits immigration and spending deals with improved outlook despite huge debt

The nonpartisan Congressional Budget Office says it expects the federal government will be awash in debt over the next 30 years

Budget Office report credits immigration and spending deals with improved outlook despite huge debt
Business|News|Political

IRS chief zeroes in on wealthy tax cheats in AP interview

IRS Commissioner Danny Werfel says in a wide-ranging interview with The Associated Press the federal tax collector will expand its pursuit of high-wealth tax dodgers with new initiatives in the coming months

IRS chief zeroes in on wealthy tax cheats in AP interview
News|Political|World

Ukrainian ministers 'optimistic' about securing U.S. aid, call for repossession of Russian assets

A pair of Ukrainian justice ministers in Washington this week said they were “quite optimistic” about the U.S. coming up with a way to financially support Ukraine

Ukrainian ministers 'optimistic' about securing U.S. aid, call for repossession of Russian assets
Health|News

Betty Ford forever postage stamp is unveiled at the White House

A new forever postage stamp bearing the portrait of former U.S. First Lady Betty Ford was unveiled at the White House Wednesday

Betty Ford forever postage stamp is unveiled at the White House
Business|News|Political

A new IRS program is helping its first users file their income taxes electronically. And it's free

The government's new free electronic filing system for income tax returns is getting its first users this filing season

A new IRS program is helping its first users file their income taxes electronically. And it's free
News|Political

Small business reporting requirement found unconstitutional by Alabama federal judge

In a blow to the Biden administration’s effort to increase corporate transparency, an Alabama federal district judge has ruled that the Treasury Department cannot require small business owners to report details on their owners and others who benefit from the business

Small business reporting requirement found unconstitutional by Alabama federal judge
News|Political|World

US sanctions Zimbabwe president Emmerson Mnangagwa over human rights abuses

The United States has sanctioned Zimbabwe’s President Emmerson Mnangagwa, the First Lady and other government officials for their alleged involvement in corruption and human rights abuses

US sanctions Zimbabwe president Emmerson Mnangagwa over human rights abuses
Business|News|Political

IRS launches crackdown on 125,000 wealthy 'non-filers'

The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017

IRS launches crackdown on 125,000 wealthy 'non-filers'
Business|News|Political

US sanctions Iranian deputy commander, Houthi member and ships that transport Iranian oil

The U.S. sanctioned a deputy commander of Iran’s Islamic Revolutionary Guard Corps, a Houthi militant member, firms registered in Hong Kong and the Marshall Islands, along with two ships, including one that transported $100 million in Iranian commodities to China

US sanctions Iranian deputy commander, Houthi member and ships that transport Iranian oil
Business|News|Political|World

Yellen urging world leaders to 'unlock' frozen Russian Central Bank assets and send them to Ukraine

Treasury Secretary Janet Yellen is offering her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine’s long-term reconstruction

Yellen urging world leaders to 'unlock' frozen Russian Central Bank assets and send them to Ukraine
Business|News|Political

IRS to pursue business private jet usage in new round of audits on high-wealth taxpayers

First, there were trackers on Taylor Swift and other celebrities’ private jet usage

IRS to pursue business private jet usage in new round of audits on high-wealth taxpayers
Business|News|Political|World

Treasury promoting new rules to stop money laundering ahead of Europe meetings

The Biden administration is stepping up efforts to stop dirty money from flowing through the U.S. financial system by crafting a slew of new rules aimed at increasing corporate transparency and regulating occupations that are exploited for money laundering

Treasury promoting new rules to stop money laundering ahead of Europe meetings
Business|News|World

U.S. sanctions Iran Central Bank subsidiary for U.S. tech procurement and violating export rules

The U.S. has imposed sanctions on three people and four firms — across Iran, the United Arab Emirates and Turkey — for allegedly helping to export goods and technology purchased from U.S. companies to Iran and the nation’s central bank

U.S. sanctions Iran Central Bank subsidiary for U.S. tech procurement and violating export rules
Business|News|Political

Treasury proposes new anti-money laundering regulations for investment advisers

The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system

Treasury proposes new anti-money laundering regulations for investment advisers
Business|News|Political

IRS watchdog: Contractors who failed background checks maintained access to sensitive agency systems

A new IRS inspector general report says the agency continued to give 19 contractors access to sensitive systems despite failing background reports as recently as last July

IRS watchdog: Contractors who failed background checks maintained access to sensitive agency systems
Business|Economy|News

Treasury rolls out residential real estate transparency rules to combat money laundering

The Biden administration wants to make residential real estate transactions more transparent — by unmasking the owners of all-cash purchases as part of its ongoing effort to combat money laundering and the movement of dirty money through the American financial system

Treasury rolls out residential real estate transparency rules to combat money laundering
News|Political

IRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding

The IRS says it expects to collect hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated using funding provided to the agency by the Democrats’ Inflation Reduction Act

IRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding
News|World

US and UK sanction four Yemeni Houthi leaders over Red Sea shipping attacks

The U.S. and U.K. on Thursday imposed sanctions on four leaders of Yemen’s Houthi rebel group who have supported the militant group’s recent attacks on vessels in the Red Sea and Gulf of Aden

US and UK sanction four Yemeni Houthi leaders over Red Sea shipping attacks
News|Political

The IRS is launching a direct file pilot program for the 2024 tax season — here is how it will work

As tax filing season officially starts Monday, a limited number of taxpayers in 12 states will soon be eligible for a program that will allow them to calculate and submit their returns directly to the IRS without having to pay for commercial tax preparation software

The IRS is launching a direct file pilot program for the 2024 tax season — here is how it will work

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