That big infusion of cash that Congress approved last year to shape up the beleaguered IRS is having an unexpected side benefit. The funding increase has helped the agency to catch up on processing new and backlogged tax returns.…
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Business
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Business
Warren Buffett says bank runs would have been ‘catastrophic’ without government intervention
Warren Buffett, chairman and CEO of Berkshire Hathaway, praised the government’s intervention in recent bank failures, saying on Saturday it averted what could have become an even bigger crisis. Yet he said the U.S. banking…
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Congress and the White House barrel toward a June 1 deadline to resolve a debate over the debt ceiling, putting the credit and trust of the United States on the line. Treasury Secretary Janet Yellen…
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Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday. Nonfarm payrolls increased 253,000 for the month, beating Wall Street estimates of 180,000, according to the…
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Consumers who recently filed tax returns with TurboTax but were eligible for the Internal Revenue Service’s Free File program will soon start receiving checks as part of a multistate settlement with TurboTax’s parent company, Intuit.…
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Business
College seniors are graduating into a job market in flux, but a handful of industries are still eager to hire
Millions of college seniors are donning their caps and gowns this week to walk across the stage and grab their hard-earned diplomas. They’ll also be walking into a labor market that is very much in…
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Business
Jenny Craig employees file a class-action lawsuit claiming the company violated the WARN Act
Jenny Craig employees are seeking to join a class-action lawsuit alleging the company violated federal and state WARN Acts, which require companies to give employees a 60-day notice ahead of any mass layoffs or facility…
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The Federal Reserve announced Wednesday it was raising its key federal funds rate to more than 5% — a 16-year high — as it continues its firefight against persistent inflation. In a statement announcing the…
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Jenny Craig will close its doors after four decades in the weight loss and nutrition business, according to internal communications to employees reviewed by NBC News. In an email sent to employees late Tuesday, the…
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The news this week that the government has less than a month before it could start defaulting on its payments has accelerated deliberations about how to avoid hitting the debt ceiling — the statutory limit…