US stocks registered their first negative quarter of 2023 on Friday, ruling off on a bumpy three months for equities and bonds as investors shifted to the likelihood that although inflationary pressures may be easing,… Read More »US stocks notch quarterly drop against backdrop of Treasury sell-off
WASHINGTON (AP) — The threat of a federal government shutdown suddenly lifted late Saturday as President Joe Biden signed a temporary funding bill to keep agencies open with little time to spare after Congress rushed to approve… Read More »Government shutdown averted with little time to spare as Biden signs funding before midnight
1. GOP candidates fight for spotlight in 2nd debate Seven Republican candidates clashed in their second 2024 presidential primary debate Wednesday, battling for attention as they trail far behind front-runner Donald Trump. Trump skipped the forum… Read More »10 things you need to know today: September 28, 2023
Calls will go unanswered and mail will get no response under the IRS contingency plan for the first five days of a federal government shutdown. The plan, released Thursday, calls for furloughs of two-thirds of… Read More »Unanswered calls, backlog of mail: IRS plan for government shutdown
The Federal Reserve’s preferred inflation gauge increased by 0.1 percent in August and fell to a 3.9 percent annual increase, continuing a steady fall since April, the Commerce Department reported Friday. The “core” personal consumption… Read More »Fed’s preferred inflation gauge rises 0.1 percent in August
A thorough financial analysis and risk assessment of debt security assets and bank equity values shows the threat of bank failures was in plain sight. Interest rate increases result in unrealized losses for held-to-maturity debt… Read More »Identifying and analyzing the risks of ‘risk-free’ securities
Conventional wisdom about putting money in qualified accounts (401(k), 403(b) and IRA are examples) for decades has been to defer your tax liability on those assets for as long as possible and get growth in… Read More »Deferring Taxes Until Retirement? You May Want to Rethink That
The government is threatening a shutdown this week, leaving many to wonder how Social Security would be affected, one of the many questions of how a government shutdown could affect you. One answer is simple: You… Read More »How Social Security Would Be Affected By A Government Shutdown
The special per diem rates that a taxpayer uses in substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home under the per diem substantiation method (set out in Rev. Proc.… Read More »Special per diem rate for business travel rises
Credit rating firm Moody’s warned that a shutdown of the U.S. federal government would be “credit negative” for the U.S. Why it matters: Moody’s is the last of the big three credit rating firms that still… Read More »Government shutdown could hurt U.S. credit rating, Moody’s warns