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“#Bulgaria’s leader makes new push to fight endemic corruption” SOFIA, Bulgaria — Bulgaria’s interim prime minister on Monday urged the government to redouble its efforts to fight endemic graft, calling for changes in prosecutors’ offices, the judiciary and all law enforcement agencies. Prime Minister Stefan Yanev spoke at a meeting of the government security council…
“#Janet Yellen clarifies inflation comments after roiling Wall Street” Treasury Secretary Janet Yellen said Tuesday she wasn’t expecting an inflation problem as the U.S. economy rebounds, walking back comments that unsettled markets hours earlier. Yellen had said earlier in the day that interest rates may need to be hiked in order to stave off inflation….
“#Watchdog blasts Treasury for blocking COVID relief fraud probes” A bureaucratic turf battle between the Treasury Department and a government watchdog named by President Trump could be giving free rein to scammers sucking cash out of federal COVID-19 relief programs. Brian Miller, the Trump-appointed Special Inspector General for Pandemic Recovery, complained in a new report…
“#New federal regulations could spur cryptocurrency crash” Ask Wall Street’s C-suite types about cryptocurrencies, and they all admit they’re getting into them one way or another. But keep asking questions, and they’ll tell you something else, too: the market is ripe for a crash. The crypto crash, according to top executives I’ve recently spoken with,…
“#New York state income tax filing extended to May 17” ALBANY — New York will push back its state income tax filing deadline for the second year in a row due to the coronavirus pandemic, bringing it in line with the newly extended federal income tax filing deadline of May 17. State Division of the…
“#IRS reportedly plans to delay this year’s tax deadline” The IRS is reportedly planning to push back the April 15 tax filing deadline for another month to give taxpayers a break because of the coronavirus pandemic and tax law changes. The IRS, which delayed the tax deadline last year until July 15 because of the…
“#Janet Yellen confirmed by Senate as Biden’s Treasury Secretary” WASHINGTON — Former Federal Reserve chair Janet Yellen has been confirmed as President Biden’s Treasury Secretary, becoming the first woman to hold the role. Yellen was confirmed by the Senate on Monday evening in a bipartisan vote, 84-15, and became the third secretary in Biden’s cabinet…
“#Wall Street ready for Janet Yellen’s return to economic power” Despite some tough talk from Janet Yellen during her first confirmation hearing to take over the Treasury Department, Wall Street appears eager to have her back. During more than three hours of testimony on Tuesday, Yellen pressed the case for the Biden administration’s $1.9 trillion…
“#Stimulus checks sent to 13M invalid bank accounts: tax firms” The Internal Revenue Service sent millions of Americans’ stimulus checks to the wrong bank accounts, tax preparers say — a mistake the feds are now trying to fix. The agency “inadvertently sent payments to over 13 million bank accounts that are no longer open or…
“#Will a Janet Yellen-run Treasury really help average Americans?” Janet Yellen has a great résumé to be our next Treasury secretary — Ivy league credentials in economics and vast experience at the Federal Reserve, including most recently as its chair. What isn’t so good is her record at doing what is the most important part…