SEC Boss Says AI-Triggered Financial Crisis ‘Nearly Unavoidable’ Without Regulation
Without regulations in place, the boss of the SEC expects a financial crisis stemming from the widespread use of artificial intelligence in the next decade.
IN-DEPTH: State Auditors Say ESG Agenda Has Forced Them to Push Back
Louisiana State Treasurer: 'I didn't bring a fight to anybody, but corporate America has engaged us in a way that we have to push back on behalf of taxpayers.'
Social Security Agency Demands Americans Pay Them Back After Overpaying
A bevy of reports indicated that some Americans are receiving demands from the Social Security Administration to repay agency after they were overpaid benefits.
Joe Rogan Says ‘No Way’ to CBDCs: ‘Checkmate. That’s Game Over’
Joe Rogan slammed idea of an American CBDC, declaring that if a digital U.S. dollar was forced on Americans, it would be “checkmate” and “game over” for country.
New Inherited IRA Rules Mean Heirs Could Be Left With Large Tax Bills
IRS’s new rules on inherited IRA accounts may leave beneficiaries with large tax bills from next year if they do not fulfill withdrawal conditions set out by IRS.
IRS Plans to Go After ‘Complex Partnerships’ to Close Vulnerable Tax Gap
IRS is planning to address what it calls “large, complex partnerships” in an attempt to go after business entities that avoid paying taxes by abusing a loophole.
Fed Raises Interest Rates to Highest Level in 22 Years
Federal Reserve raised federal funds rate by 25 basis points at July FOMC policy meeting, lifting target range to 5.25–5.50 percent. Vote was unanimously.
IRS Ends Most Unannounced Agent Visits to Taxpayers’ Homes
IRS has announced a major yet “common-sense” policy change that will end most unannounced agent visits to taxpayers’ homes, mostly because of security concerns.
IN DEPTH: America Needs to Rebuild Its Manufacturing Power to Outplay the CCP: China...
To cut dependency on the Chinese economy, the U.S. needs to base its policies on economic containment of communist China and rebuild industrial power in U.S..
‘Delinquent Millionaires’: IRS Announces Targeting of High-Income Americans for Tax Evasion
IRS pursuing “high-income individuals evading taxes” at time when agency is increasingly facing heat for auditing a higher percentage of lower-income Americans.
Biden, McCarthy Meeting Offers Hope of Deal on Debt Ceiling
President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) will meet on May 22 for in-person talks on resolving the debt ceiling crisis.
Debt ceiling deadlock centers on 2024 spending levels
White House and House Republican negotiators are at stalemate over capping spending levels in the 2024 budget. Deadlock resulted in pause in debt ceiling talks.
