Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Donald Trump's business losses in 1995 were so large that they could have allowed him to avoid paying federal income taxes for as many as 18 years, according to records obtained by The New York Times. In a story published online late Saturday, the Times said it anonymously received the first pages of Trump's 1995 state income tax filings in New York, New Jersey and Connecticut.
The Education Department is pursuing debt collection - rather than debt relief - for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Elizabeth Warren said in a blistering critique of the administration's actions. The Massachusetts Democrat reported the findings of a staff investigation in a letter Thursday to Education Secretary John B. King Jr. "It is unconscionable that instead of helping these borrowers, vast numbers of Corinthian victims are currently being hounded by the department's debt collectors," she said.
Janet Yellen and the Federal Reserve have pronounced 2 percent annual economic growth - perhaps a bit less - the new normal. Factoring in labor force growth that implies 1 percent growth for productivity and pre-tax wages, hardly anyone is average these days.
Donald Trump repeatedly clashed with Hillary Clinton during Monday's first presidential debate, interrupting her and appearing agitated at times as they tangled over the economy, her use of a private mail server and his unwillingness to release his income tax returns. Clinton maintained an even demeanour, smiling indulgently when Trump turned aggressive.
Get Boston Globe's Political Happy Hour newsletter , your afternoon shot of politics, sent straight from the desk of Joshua Miller. The two presidential candidates held the first of their three planned debates on Monday night, an event that was expected to be one of the most-watched in presidential history.
In this Nov. 30, 2006, file photo, people watch through glass as a killer whale swims by in a display tank at SeaWorld in San Diego. A former manager of SeaWorld was sentenced Friday to 30 months in prison for embezzling more than $800,000 over a period of eight years while he was working there.
The Federal Reserve flatly refused this week, for the umpteenth time, to hike interest rates because of the still-fragile nature of President Obama's very weak economy. It is barely growing at a mediocre rate of little more than 1 percent.
Hillary Clinton wants roughly $550 billion in new taxes and fees over the next decade -- affecting investment partnerships, large estates and banks -- that have received little to no public discussion from her campaign, a report from a Washington-based policy group shows.
IRS Commissioner John Koskinen expressed regret to Congress on Wednesday for his agency's past mistreatment of tea party groups, but said he has cooperated with congressional investigators and does not deserve to be impeached. The IRS chief made the remarks at a House Judiciary Committee hearing on a drive by hard-line conservatives to oust Koskinen.
Internal Revenue Service Commissioner John Koskinen testifies on Capitol Hill in Washington on Feb. 10, 2016. Koskinen has agreed to testify under oath Wednesday before the Republican-run House Judiciary Committee.
Donald Trump and his campaign have given a variety of reasons for refusing to release the candidate's tax returns. Now they have two new ones: the tax filings are too voluminous for voters to digest, and the files would distract attention from his campaign message.
Finance Secretary Carlos Dominguez III said the current rates of interest income taxes favor the rich and discriminate against low-income depositors who have to cope with high tax rates. The Department of Finance , he said, is now studying how best to correct the disparity in interest income taxes for peso deposits between rich and low-income depositors and harmonize current rates for dollar deposits.
Day two of the Charles and Linda Bolton federal tax trial involved two government witnesses on the stand throughout the day, and will likely be the last of the witnesses before the government rests. Renee Moore, a certified public accountant for Topp McWhorter Harvey, PLLC, which was formerly Nicholson & Company was the government's sixth witness.
House Democrats are calling for a federal criminal investigation into an improper $25,000 donation Donald Trump's charity made to a political group supporting Florida 's attorney general after her office said it was weighing legal action against Trump University . The Associated Press first reported in June that Florida Attorney General Pam Bondi personally solicited the money during a 2013 phone call that came after her office received complaints from former students claiming they were scammed by Trump's namesake get-rich-quick real estate seminars.
House conservatives pulled the trigger Tuesday on the process to begin impeachment of IRS Commissioner John Koskinen, rejecting appeals from fellow Republicans and from the commissioner himself to set the matter aside. Rep. John Fleming, Louisiana Republican, made the move, kicking off a process that will put fellow GOP lawmakers on the spot.
In this Feb. 10, 2016 file photo, Internal Revenue Service Commissioner John Koskinen testifies on Capitol Hill in Washington. A campaign-season effort by conservatives to impeach the IRS commissioner has no chance of succeeding and is being resisted by other Republicans who think it could hurt them with swing voters.
In this Feb. 10, 2016 file photo, Internal Revenue Service Commissioner John Koskinen testifies on Capitol Hill in Washington. A campaign-season effort by conservatives to impeach the IRS commissioner has no chance of succeeding and is being resisted by other Republicans who think it could hurt them with swing voters.
Democrats and journalists clamoring for the release of Donald Trump's tax returns are curious, rightly so, about numerous aspects of Trump's finances, including how much money he managed to skim off the top of the real estate seminars he grandiosely named Trump University. Judging by the Clintons' tax returns, that dollar figure could be "yuge."
Since returning from their summer recess, House conservatives have wasted no time showing just how tough they can make life for Speaker Paul Ryan - and for Democrat Hillary Clinton, if she becomes president. Conservatives look determined to force a vote in the coming days to impeach the head of the IRS despite deep misgivings among other Republicans about such a pre-election move.