A report from the Internal Revenue Service released last week indicated that officials are devoting much of the agency’s recent funding windfall toward audits even as the degree to which the actions will impact everyday taxpayers remains uncertain.
The Internal Revenue Service (IRS) does not yet know the details of how the Biden admin's approval of an $80 billion windfall will affect middle-class audits.
The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.
Microsoft announced on Wednesday it will eliminate 10,000 jobs worldwide, almost 5% of its workforce, and take a $1.2-billion charge as global growth is slowing down.
"The proliferation of electric vehicles at the expense of gas-powered vehicles will have deleterious impacts on Wyoming’s communities and will be detrimental to Wyoming’s economy and the ability for the country to efficiently engage in commerce," the bill states.
The statement was in response to a thread by journalist Michael Shellenberger regarding the World Economic Forum's (WEF) secretive finances, in which he mentioned the use of ESG criteria by the organization.
Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households.
On Friday, Treasury Secretary Janet Yellen wrote a letter to congressional leaders warning that the U.S. would hit its debt limit on January 19 and encouraged Congress to "act promptly to protect the full faith and credit of the United States," CNBC reported.
