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Byline: FATIMA HUSSEIN Associated Press

01 Dec

House panel says lax screening helped facilitate PPP fraud

published on December 1, 2022 - 12:59 PM

(AP) — Financial technology firms abdicated their responsibility to screen out fraud in applications for a federal program designed to

28 Oct

IRS: Growing gap between US income taxes owed and paid

published on October 28, 2022 - 1:16 PM

(AP) — The amount of income tax money owed but not paid to the IRS is projected to grow, the

19 Oct

IRS ups standard deductions, tax brackets due to inflation

published on October 19, 2022 - 12:47 PM

(AP) — Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be

29 Sep

Treasury moves forward with database on corporate ownership

published on September 29, 2022 - 2:03 PM

(AP) — Tens of millions of small U.S. companies will be required to provide the government with details on their

16 Sep

Treasury recommends exploring creation of a digital dollar

published on September 16, 2022 - 1:08 PM

(AP) — The Biden administration is moving one step closer to developing a central bank digital currency, known as the

30 Aug

House panel calls for cryptocurrency fraud oversight

published on August 30, 2022 - 2:21 PM

(AP) — A House oversight subcommittee asked regulators and industry leaders on Tuesday to explain what they are doing to

07 Jun

Yellen: inflation to ‘remain high;’ hopes it’s ‘coming down’

published on June 7, 2022 - 1:32 PM

(AP) — Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a

12 May

Crypto meltdown prompts Yellen to call for new regulation

published on May 12, 2022 - 2:55 PM

(AP) — Treasury Secretary Janet Yellen, responding to the recent sharp decline in the value of cryptocurrencies, said Thursday that

10 Mar

IRS plans to hire 10,000 workers to relieve massive backlog

published on March 10, 2022 - 1:43 PM

(AP) — The IRS said Thursday it plans to hire 10,000 new workers to help reduce a massive backlog that

09 Mar

Biden signs order on cryptocurrency as its use explodes

published on March 9, 2022 - 12:19 PM

(AP) — President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal