Court Case Could Crush Obamacare Subsidies
A case set to go before a federal appeals court within the next few days, perhaps as early as this coming Tuesday, will decide whether the federal government can extend subsidies to people buying...
View ArticleCBO: Debt to Eclipse GDP in 25 Years
A report from the Congressional Budget Office has said that U.S. debt levels are unsustainable and, if things are not changed, the amount the country owes will grow bigger than its total economic...
View ArticleTreasury Secretary Urges Anti-Inversion Legislation
Secretary of the Treasury Jacob Lew sent a strongly worded letter to members of the House Ways and Means Committee responsible for tax policy and urged legislation that would make it more difficult...
View ArticleSenate Takes Aim At Hedge Funds on Tax Strategy
The Senate Permanent Subcommittee on Investigations will grill hedge fund executives over their tax avoidance strategies that has allowed them to sidestep billions of dollars worth of taxes, in the...
View ArticleBill Would Ramp Up Accountability for Senior Execs
Legislation introduced by Senator Richard Blumenthal (D - Connecticut) would obligate executives to report flaws or defects in their products capable of causing injury or death within 24 hours of...
View ArticleFederal Court Rules Against Obamacare Subsidies
A federal court ruling said that the government can only provide subsidies to people who bought insurance off state run health insurance exchanges, versus the federal ones that form more than half of...
View ArticleObamacare Ruling Presents Legal Rashomon
Yesterday, two different courts issued two contradictory rulings on whether the U.S. government can give subsidies to people who purchase health insurance from federal exchanges, creating a legal snarl...
View ArticleGAO Finds Internal Control Flaws in Obamacare Exchanges
As if the exchanges weren't having enough problems lately, a new report from the Government Accountability Office has revealed serious internal control problems that could allow people to federal...
View ArticleObama to Intensify Calls to End Corporate Inversion
Following closely on the heels of a letter by the Treasury Secretary asking lawmakers to address abuse of the corporate inversion process, President Barack Obama will give a speech tonight calling for...
View ArticleSurvey: Obamacare Less Worrisome Than Other Rule Changes
A poll undertaken by a labor and employment law firm has found that business owners are dreading new potential regulations--but this dread is not as linked to the implementation of the Affordable Care...
View ArticleObama May Not Need Congress to Shut Down Corporate Inversions
While legislation targeted at corporate inversions has been a tough sell in Congress, the president has the ability to use a 1969 tax law to unilaterally stop the process from the executive branch,...
View ArticleReport: Medicare Healthier Than Thought, but Social Security Under Stress
While Medicare's hospital fund is expected to last four years later than previously anticipated, with the fund anticipated to run out by 2030, Social Security will lose the ability to fully pay for its...
View ArticleLawmakers Urge House Leaders to Keep Cash Method of Accounting
More than half of lawmakers in the House of Representatives have joined a bipartisan push to preserve the cash method of accounting for tax purposes, according to Accountancy Age.read more
View ArticleAG Eric Holder to Resign
U.S. Attorney General Eric Holder will be stepping down from his position after five and a half years in the administration, according to NPR. White House insiders say that Holder is leaving of his...
View ArticlePresident Signs Order to Move Cards to Chip and PIN
President Barack Obama has signed an executive order mandating that federal agencies transition to chip and PIN credit card technology by January, replacing traditional magnetic strips, said Forbes....
View ArticleFederal Reserve Issues Rule Prohibiting Oversized Firms
The U.S. Federal Reserve finalized a rule designed to prevent large financial firms from becoming so big that their failure could significantly destabilize the U.S. financial market, according to...
View ArticleChicago Think Tank to Unveil Report Targeting Federal Accounting Practices
Nonprofit Chicago think tank Truth in Accounting (TIA) will soon release its federal project analyzing the 2013 federal budget, according to an op-ed published by the organization’s founder and CEO,...
View ArticleRepublicans File Suit Against Administration Over ACA
House Republicans have filed the often talked about lawsuit against the administration over its handling of the Affordable Care Act's implementation, according to CNBC.read more
View ArticleCongress Agrees to $1.1 Trillion Spending Bill
With only weeks before the end of the year, Congress has come to a deal on a spending bill that keeps the government funded through next September, at the cost of $1.1 trillion, said the Washington...
View ArticleCongress Passes Tax Break Package
The Senate passed a $41.6 billion package of tax breaks on Tuesday, making the legislation’s next stop President Obama, according to The Hill. If signed by the president, the measure will extend more...
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