Posts Tagged ‘treasury’

Treasury issues final rules on qualified income rule

The Treasury Department and IRS have released final regulations on a new deduction for noncorporate businesses created under  the new tax law.

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Mnuchin’s attempt to calm markets backfires as Trump takes another shot at the Federal Reserve

An attempt by Treasury Secretary Steven T. Mnuchin to calm plunging financial markets backfired Monday, further rattling investors with new fears about whether major U.S. banks have enough cash on top of worries about interest rates, political instability in Washington and a slowing global economy

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Senior Treasury employee charged with leaking documents related to Russia probe

A senior Treasury Department employee was charged Wednesday with leaking confidential government reports about suspicious financial transactions related to the special counsel’s probe of Russian election interference and Trump associates. The charges reflect the latest move in the Trump administration’s…

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To promote financial technology, Trump administration proposes streamlining regulations

A Treasury Department report released Tuesday calls for regulatory changes to advance new financial technology companies and services, known in the industry as fintech. “American innovation is a cornerstone of a healthy U.S

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Higher interest rates are spurring a subtle shift to cash investments. But don’t expect to get rich

Cash is creeping back. With interest rates rising and the stock market cooling from its big gains last year, some savers and investors are placing more money into once-dormant cash-related products such as money market funds, bank certificates of deposit and Treasury securities. The net assets…

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Social Security and Medicare are in danger? Nothing to see here, says Trump’s Treasury secretary

Trustees overseeing Social Security and Medicare issued yet more warnings this week about the worsening financial health of the programs. In response, Treasury Secretary Steven T.

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Social Security and Medicare are in danger? Nothing to see here, says Trump’s Treasury secretary

Trustees overseeing Social Security and Medicare issued yet more warnings this week about the worsening financial health of the programs. In response, Treasury Secretary Steven T.

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IRS takes aim at California, other states trying to help residents avoid new tax-deduction limit

The Internal Revenue Service is preparing to block attempts by California and other states to help their residents avoid a new limit on the deductibility of state and local taxes included in the Republican tax overhaul.

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Laws need to get a grip on the gig economy | Opinion

Former Treasury Secretary Hank Paulson recently predicted that by 2020, half of Americans will be self-employed . While this estimate includes freelancers, small business owners and independent contractors, one big reason for the explosive growth in non-employer work is the gig economy

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Stocks tumble; 10-year Treasury bond yield touches 3% milestone

Major U.S. stock indexes surrendered an early gain and fell sharply Tuesday as investors sold technology, industrial and retail stocks

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