A top IRS official acknowledges that it was "embarrassing" how much the agency spent on training videos, including a "Star Trek" spoof.» Read More
WASHINGTON, June 18- A manager from a U.S. Internal Revenue Service office in Cincinnati where staff have been accused of unfairly subjecting conservative groups to extra scrutiny has said his agents were not influenced by any political agenda.
June 16- Internal Revenue Service employees in Ohio, who singled out conservative groups applying for tax-exempt status for extra scrutiny, likely did not consider the political implications, an IRS official in Washington has told congressional investigators.
WASHINGTON/ CINCINNATI, June 15- A current and a former top U.S. tax official have been physically threatened in recent weeks as the scandal over Internal Revenue Service targeting of Tea Party and other conservative groups has gathered steam, people familiar with their situation say.
WASHINGTON, June 12- The U.S. government posted a budget deficit of $139 billion in May, 11 percent higher than a year ago and above economists' expectations, partly because of temporary calendar adjustments, the Treasury Department said on Wednesday.
The Congressional Budget Office is projecting that the government ran a $139 billion deficit in May. The Treasury Department will report on the May deficit at 2 p.m. EDT Wednesday. That's down from last year's deficit of $1.09 trillion and would be a significant improvement after four straight years of $1 trillion- plus imbalances.
*Cummings says IRS case is solved, vows transcript release. WASHINGTON, June 9- A conservative Republican overseeing Internal Revenue Service screeners in Cincinnati told congressional investigators that he does not believe the White House was behind IRS scrutiny of conservative groups, a leading Democratic lawmaker said on Sunday.
WASHINGTON, June 7- A misfired email from a U.S. Internal Revenue Service employee in Cincinnati in July 2010 alerted a broad group of Washington IRS officials to the heightened scrutiny being given conservative groups, according to an interview the IRS worker gave congressional investigators.
All of them present additional work for the Internal Revenue Service. Starting in 2014, most Americans must have health insurance, or pay a fee to the IRS.
A misfired email from an IRS employee in Cincinnati alerted a number of Washington IRS officials that extra scrutiny was being placed on conservative groups in July 2010.
June 6- The Internal Revenue Service is challenging the tax-free status of municipal bonds issued for infrastructure at The Villages retirees development in Florida, a ruling that may affect hundreds of other sellers of so-called dirt bonds.
WASHINGTON, June 6- U.S. Internal Revenue Service officials on Thursday tried to tame another scandal plaguing the agency, apologizing to lawmakers for a lavish 2010 conference in California that included an elaborate Star Trek spoof training video.
Days after a report blasted the agency for wasteful spending, the Internal Revenue Service has put two staffers on leave for taking gifts at a taxpayer-funded conference.
WASHINGTON, June 5- The U.S. Treasury Department on Wednesday announced plans to sell 30 million shares of General Motors Co common stock as part of its ongoing effort to wind down the government's stake in the bailed-out automaker.
The Treasury Department says it will begin another round of sales of the General Motors stock it acquired during the government's bailout of the auto industry.
WASHINGTON, June 5- The U.S. Treasury Department on Wednesday said it will begin another round of sales of the General Motors Co stock it acquired during the government's bailout of the U.S. auto sector.
The Treasury will sell an additional 30 million shares of General Motors on Thursday, reports CNBC's Steve Liesman.
Steve Brice, Chief Investment Strategist at Standard Chartered Wealth Management Group argues that equities are still the place to be in on a long-term basis despite short-term risks.
Conservative groups delivered an emotional plea for Washington to rein in government overreach.
WASHINGTON, June 4- Tea Party and other conservative groups on Tuesday accused the U.S. Internal Revenue Service of trampling on their rights, telling lawmakers in an often emotional hearing that they faced a barrage of paperwork and intrusive questions when they sought tax-exempt status.
WASHINGTON, June 4- Tea Party and other conservative groups delivered an emotional plea for Washington to rein in government overreach on Tuesday as they told lawmakers about how the Internal Revenue Service targeted them with relentless paperwork and intrusive questions when they sought tax-exempt status.