According to a report, the Internal Revenue Service (IRS) imposed $7 billion in extra tax penalties last year, about four times the $1.8 billion it assessed in 2022 following the Biden administration’s push for increased funding and enforcement of the agency.
The Federal Reserve decides to hold interest rates steady following the latest inflation report.
A key measure of home-buyer applications fell to a three-month low as mortgage rates started to rise again.
By Tim Doescher May 15, 2024 (Views expressed by guest commentators may not reflect the views of OAN or its affiliates.)
Trading in the retail investor darlings, the most actively traded NYSE stocks, were halted minutes after the market opened.
Joe Biden continues to claim that his administration has done the most for the economy.
Warner Bros. Discovery posted a steep quarterly loss that was higher than anticipated.
According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase.
U.S. inflation had another rough month in March, increasing 3.5%, which throws doubt into whether or not the Federal Reserve will actually begin to cut interest rates as soon as June.
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.