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

Latest From FATIMA HUSSEIN

Business|Economy|News|Political

Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cuts

Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administration’s economic agenda and offer a reminder of the Trump administration tax cuts, which she says added to the deficit and did little to promote investment

Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cuts
Business|News

IRS will start simplifying its notices to taxpayers as agency continues modernization push

The IRS wants to rewrite its complicated letters to taxpayers and speak to people in plain English

IRS will start simplifying its notices to taxpayers as agency continues modernization push
Business|News|Political

US sanctions a United Arab Emirates shipping firm for allegedly violating Russian oil price cap

The U.S. hit a United Arab Emirates shipping firm and its 18 vessels with sanctions after it transported Russian crude oil above the $60 per barrel price cap

US sanctions a United Arab Emirates shipping firm for allegedly violating Russian oil price cap
News|Political|World

Nearly two years after invasion, West still seeking a way to steer frozen Russian assets to Ukraine

The U.S. and its allies are looking for a legal way to unfreeze $300 billion in Russian Central Bank funds sitting mostly in Europe and use them for the benefit of Ukraine

Nearly two years after invasion, West still seeking a way to steer frozen Russian assets to Ukraine
Business|Economy|News|Political

Yellen says current US 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

Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending
Business|News|Political

IRS says it collected $360 million more from rich tax cheats as its funding is threatened yet again

The IRS says it has collected an additional $360 million in overdue taxes from delinquent millionaires

IRS says it collected $360 million more from rich tax cheats as its funding is threatened yet again
Business|News|Political

For IRS, backlogs and identity theft problems remain, but there is 'cautious optimism' watchdog says

The IRS is still too slow to process amended tax returns, answer taxpayer phone calls and resolve identity theft cases, according to an independent watchdog within the agency

For IRS, backlogs and identity theft problems remain, but there is 'cautious optimism' watchdog says
Business|News

IRS announces January 29 as start of 2024 tax season

The IRS has announced January 29 as the official start date of the 2024 tax season, and expects more than 128.7 million tax returns to be filed by the April 15 tax deadline

IRS announces January 29 as start of 2024 tax season
Business|Economy|News|Political

Yellen says 100,000 firms have joined a business database aimed at unmasking shell company owners

Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database of that collects ownership information intended to help unmask shell company owners

Yellen says 100,000 firms have joined a business database aimed at unmasking shell company owners
News|Political|World

US sanctions money network tied to the Yemen Houthi rebels blamed for shipping vessel attacks

The U.S. is imposing sanctions on a group of money exchange services from Yemen to Turkey alleged to be providing funds to Iranian-backed Houthi rebels who have been launching attacks on commercial shipping vessels in the southern Red Sea

US sanctions money network tied to the Yemen Houthi rebels blamed for shipping vessel attacks
Business|News|Political|World

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers

The U.S. has imposed new sanctions on alleged violators of its price cap on Russian oil and tightened compliance rules for insurance firms and shippers that move it

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers
News|Business|Political

IRS to waive $1 billion in penalties for people and firms owing back taxes for 2020 or 2021

The IRS says it's going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 a year for tax years 2020 or 2021

IRS to waive $1 billion in penalties for people and firms owing back taxes for 2020 or 2021
Business|Economy|News

Congressional Budget Office projects lower inflation and higher unemployment into 2025

The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years

Congressional Budget Office projects lower inflation and higher unemployment into 2025
Business|News|Political

Janet Yellen says the Trump administration's China policies left the US more vulnerable

Treasury Secretary Janet Yellen says former President Donald Trump’s economic policies toward China left America “more vulnerable and more isolated” in the global economy

Janet Yellen says the Trump administration's China policies left the US more vulnerable
Business|News|Political|World

New sanctions from the US and Britain target Hamas officials who help manage its financial network

The United States has announced new war-related of sanctions against Hamas, targeting eight officials and representatives who help manage the militant group’s financial network

New sanctions from the US and Britain target Hamas officials who help manage its financial network
Business|News|Political|World

US announces new sanctions on Russia's weapons suppliers as Zelenskyy visits Washington

The Biden administration is hitting hundreds of people and firms around the globe with new economic and diplomatic sanctions as the U.S. targets third-country contributors that are equipping Russia’s invasion of Ukraine

US announces new sanctions on Russia's weapons suppliers as Zelenskyy visits Washington
News|Political

U.S. sanctions officials from Afghanistan to China on declaration of human rights anniversary

The U.S. on Friday imposed sanctions on 20 people, from Afghanistan to China to Haiti to Iran, accused of violating human rights in their respective nations

U.S. sanctions officials from Afghanistan to China on declaration of human rights anniversary
Business|News|Political|World

US sanctions money lending network to Yemen's Houthi rebels, looks to boost maritime protections

The White House is encouraging Mideast allies to join the Combined Maritime Forces, a partnership that exists to counter malign action by non-state actors in international waters

US sanctions money lending network to Yemen's Houthi rebels, looks to boost maritime protections
Health|News

In Mexico, Yellen announces economics sanctions as the US aims to crack down on fentanyl trafficking

Treasury Secretary Janet Yellen has announced economic sanctions against 15 people and two companies that the United States says are linked to a Mexican drug cartel

In Mexico, Yellen announces economics sanctions as the US aims to crack down on fentanyl trafficking
Business|News|Political

U.S. imposes new round of sanctions over Russia's invasion of Ukraine

The U.S. has imposed sanctions on a Belgian involved in procuring electronics for the Russian military, his companies and a group of Belarusian firms and people tied to Russia’s invasion of Ukraine

U.S. imposes new round of sanctions over Russia's invasion of Ukraine
Health|News|Political

Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike force

Treasury Secretary Janet Yellen is heading to Mexico this week, a trip announced shortly after her agency created a new strike force to help combat illicit fentanyl trafficking

Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike force
Business|News|Political

US sanctions financial network tied to Iranian oil sales

The U.S. Treasury Department has imposed a new round of sanctions against a group of 20 people and firms who are allegedly involved in a financial facilitation network for the benefit of the Iranian military

US sanctions financial network tied to Iranian oil sales
Business|News|Political

IRS delays reporting rules for users of Venmo, Cash App and other payment apps

Users of Venmo, Cash App and other payment apps will get a bit of a tax reprieve this year

IRS delays reporting rules for users of Venmo, Cash App and other payment apps
Business|News|World

US imposes new sanctions over Russian oil price cap violations, Kremlin influence in the Balkans

The U.S. Treasury has levied a new round of sanctions on firms and ships that used U.S. service providers to carry Russian crude oil in violation of the multinational price cap — and imposed another set of sanctions on a group of Balkan people and firms tied to Kremlin influence in the region

US imposes new sanctions over Russian oil price cap violations, Kremlin influence in the Balkans
Business|News|Political|World

A third round of US sanctions against Hamas focuses on money transfers from Iran to Gaza

The United States says it has imposed a third round of sanctions on a group of Hamas officials, members of the Palestinian Islamic Jihad who work to transfer money from Iran to Gaza, and a Lebanese money exchange service that facilitates the transfers

A third round of US sanctions against Hamas focuses on money transfers from Iran to Gaza

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