Liz Truss has been elected as the Conservative Party’s new leader, the party announced Monday, and she thus will become Britain’s new prime minister as the country faces an acute cost-of-living crisis.
On Friday, officials from Treasury Department announced that the Internal Revenue Service (IRS) had accidentally published confidential information pertaining to approximately 120,000 taxpayers’ retirement accounts on its website.
The unemployment rate increased to 3.7% in August 2022 even as more Americans returned to work, according to a Friday release from the Bureau of Labor Statistics.
Countries worldwide are experiencing an “unprecedented” rise in the potential for civil unrest, according to a fresh study by Verisk Maplecroft, a UK-based global strategic consulting firm.
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.
The U.S. economy had far more vacant jobs at the end of July than economists expected, indicating that the Federal Reserve’s interest rate increases have not yet cooled the labor market.
Amidst ongoing food supply chain issues and shortages in the U.S., House Democrats introduced a bill that would designate an extra $50,000,000 for food programs for migrants in addition to a baseline of $150,000,000.
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.
