Category: Finance News

Jan 30

TaxWatch: ‘We apologize for this failure.’ A judge said a couple missed a chance at a $7,000 tax refund — but now he says they deserved it

Getty Images/iStockphoto A judge said the Wisconsin couple, not pictured, is entitled to a $7,386 refund, plus interest. The Internal Revenue Service is giving a Wisconsin couple their long-sought $7,386 refund — plus seven years of interest — after government lawyers admitted they overlooked 20-year-old points of law about when a tax return is technically […]
Jan 29

Key Words: NPR reporter says clash with Pompeo overshadows risk of ‘miscalculation’ that could lead to ‘armed confrontation’

‘Journalists don’t sit down with senior government officials in the service of scoring political points. We do it in the service of asking tough questions, on behalf of our fellow citizens. And then sharing the answers — or lack thereof — with the world.’ That is NPR reporter Mary Louise Kelly explaining her side of […]
Jan 29

The Fed: FOMC statement for January

Bloomberg Chairman Jerome Powell of the Federal Reserve and his fellow board members don’t plan to raise or lower U.S. interest rates anytime soon. Information received since the Federal Open Market Committee met in December indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains […]
Jan 29

Key Words: ‘The epidemic is a demon.’ Coronavirus set to exceed total SARS infections in days

If the current infection rate continues, the coronavirus will exceed the number of total worldwide cases of SARS. The coronavirus, a highly contagious, pneumonia-causing illness that infects the respiratory tract, is now responsible for 132 deaths in China as of Wednesday and 6,132 infections worldwide, with the number of cases tripling since the weekend, health […]