Estimates vary widely on how much President Joe Biden’s $10,000-20,000 per borrower cancellation of student loans will cost taxpayers, but a new analysis estimates the significant cost of a less-covered aspect of Biden’s plan.
As Congressional delegations line up to be more provocative toward China while visiting Taiwan, President Biden has announced that he would like to sell $1.1 billion in new weapons to Taiwan. China is not amused.
Pentagon officials are concerned that U.S. ammunition stocks donated to Ukraine have severely depleted U.S. stocks, weakening U.S. readiness in the event of a conflict, The Wall Street Journal reported Monday.
Despite claims from Biden administration officials that new funding for the Internal Revenue Service (IRS) will not increase the auditing burden on individuals and small businesses, a Friday letter from the Congressional Budget Office (CBO) reveals new auditing activity targeting taxpayers who report less than $400,000 per year will be expected to contribute to about $4 billion in revenue.
The Secret Service said Friday it has helped recover and return to the government nearly $2.3 billion in bogus pandemic benefits, including a major new operation that netted nearly $300 million in fraudulent small business loans.
The Internal Revenue Service will establish a centralized office to implement elements of the tax and spending bill that President Joe Biden signed last week, including almost 87,000 new IRS agents, the agency’s chief says.
The world’s richest man, Elon Musk, was handed a win on Thursday by a Delaware judge in his attempt to terminate his $44 billion acquisition of Twitter.
