WASHINGTON, Feb 15- The U.S. Internal Revenue Service said on Wednesday it will not reject tax filings that do not indicate whether the taxpayer had health coverage or paid a penalty set under Obamacare, setting aside a tougher planned oversight of the health law. The IRS said in a statement that in recent years, tax returns that did not include information about...
WASHINGTON, Feb 15- The U.S. Internal Revenue Service will no longer require tax filers to indicate whether they had health coverage or paid a penalty set under Obamacare, dealing a blow to a pillar of the healthcare law, the website Reason.com reported. Reason.com, the website of the monthly free-market-oriented magazine Reason, reported late on Tuesday that...
SAN JUAN, Puerto Rico— Puerto Rico's Treasury Department has paid more than $8 million worth of interest for withholding tax returns up to one year as a result of an ongoing economic crisis. An audit released Tuesday found that nearly 250,000 tax refunds totaling $314 million were paid late because of what officials called a crisis in government cash flow.
Robert Kimmitt, former U.S. deputy Treasury secretary, discusses Steven Mnuchin's confirmation as Treasury secretary and the to-do list for the department.
The Treasury Department auctioned $28 billion in three-month bills at a discount rate of 0.540 percent, up from 0.530 percent last week. The three-month rate was the highest since those bills averaged 0.555 percent on Dec. 27. For a $10,000 bill, the three-month price was $9,967.39, while a six-month bill sold for $9,986.35.
A look into the possible Mnuchin Treasury Department under President Donald Trump.
Donald Trump has taken the wheel from the Fed when it comes to driving markets, and this week that may temporarily change.
The Treasury Department reported Friday that the surplus this year was $51.3 billion, down 7.1 percent from a January surplus a year ago of $55.2 billion. Through the first four months of this budget year that began Oct. 1, the deficit totals $156.9 billion. The Congressional Budget Office is projecting that the deficit this year will be slightly lower than last...
WASHINGTON, Feb 10- The U.S. government posted a $51 billion budget surplus in January, with both receipts and outlays rising from the same month a year earlier, the Treasury Department said on Friday. The budget surplus was $55 billion in January 2016, according to Treasury's monthly budget statement. Receipts last month came to $344 billion, about a 10 percent...
President Donald Trump is again dangling his signature campaign promise of deep tax cuts for American businesses and households.
Andrew Puzder, chief executive officer of CKE Restaurants Inc, is one of several Trump nominees who face strong opposition from Senate Democrats and progressive groups. He said he paid back taxes for employing the maid to the U.S. Internal Revenue Service and to California. Senator Lamar Alexander, chairman of the Senate Committee on Health, Education, Labor and...
In a statement late on Monday, Pudzer said he and his wife had employed a housekeeper for a few years without being aware that she was not legally permitted to work in the United States. He said he paid back taxes for employing the maid to the U.S. Internal Revenue Service and to California. Last week, an aide for the Senate Committee on Health, Education, Labor and...
Since the banking law took effect in July 2010, lending to businesses and consumers has continued to hit new highs, data shows.
Senate Minority Leader Chuck Schumer says Trump is letting big banks "write the rules of the road."
The first thing to know about the changes is they won't be tailored to let Wall Street go back to high-risk practices linked to the crisis.
Top aide Gary Cohn tells CNBC that everything Trump is doing is to promote growth and job creation.
CNBC's John Harwood reports that the Treasury Department has extended sanctions on Iran targeting entities and individuals helping Iran's missile program.
President Trump on Friday will take two financial-related actions, including one concerning Dodd-Frank, according to a senior White House official.
U.S. Treasury Department alters some sanctions against Russia, leaving many to examine what this means. CNBC's John Harwood reports.
U.S. Treasury Department eases some sanctions against Russia. White House Press Secretary Sean Spicer characterizes it as "routine" at his press briefing. CNBC's John Harwood reports.