President Donald Trump was briefed by Attorney General William Barr on Thursday on the status of a federal investigation into the death of a black man in Minnesota whose violent arrest at the hands of a white officer has sparked calls for criminal charges, White House press secretary Kayleigh McEnany said. The briefing comes one […]

Under final regulations issued on Wednesday, certain tax-exempt organizations will not have to supply the names and addresses of substantial donors on Schedule B, Schedule of Contributors, of Form 990, Return of Organization Exempt From Tax (T.D. 9898). The IRS had previously exempted these organizations from supplying that information using a revenue procedure, but that […]

At around 2:20 a.m. ET, the yield on the benchmark 10-year Treasury note was down at 0.6900% while the yield on the 30-year Treasury bond was fractionally lower at 1.4379%. Yields move inversely to prices. White House economic advisor Larry Kudlow said on Tuesday that President Donald Trump is so “miffed” with China over new […]

A volunteer in Chennai, India holds a placard to raise awareness about the coronavirus on a street during a government-imposed nationwide lockdown to combat the spread of Covid-19. Arun Sankar | AFP | Getty Images Are you seeing misinformation about the coronavirus across your social media feeds? You’re far from alone. Studies are finding that […]

The IRS issued long-promised proposed regulations explaining how taxpayers who may qualify for the Sec 36B premium tax credit are affected by the temporary reduction of the personal exemption deduction under Sec. 151 to zero (REG-124810-19). The regulations replaced guidance issued in Notice 2018-84. Under Sec. 151(d)(5)(B), the reduction of the exemption amount to zero […]

The national flags of the U.S. and China waving outside a building. Teh Eng Koon | AFP via Getty Images Relations between the U.S. and China — the world’s top two economies — look set to worsen, and the endgame is a “lose-lose” situation for both sides, said a political science professor from Harvard University. That […]

Actress Lori Loughlin and her husband Mossimo Giannulli, wearing green tie at left, leave the John Joseph Moakley United States Courthouse in Boston on April 3, 2019. Pat Greenhouse | Boston Globe | Getty Images Actress Lori Loughlin and her fashion designer husband Mossimo Giannulli both pleaded guilty Friday to charges stemming from the U.S. college admissions […]

U.S. government debt prices were higher Friday morning on concerns over new instability in Hong Kong and increasing tensions between Washington and Beijing. At 2:30 a.m ET, the yield on the benchmark 10-year Treasury note was trading lower at 0.6428% and the yield on the 30-year Treasury bond was also moving lower at 1.3517%. Yields move inversely to prices. Investors […]

U.S. government debt prices were higher Thursday morning as investors tried to gauge the likelihood of a sharp rebound ahead of a slew of economic data. At around 3:10 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6655% and the yield on the 30-year Treasury bond was down at 1.3802%. Yields […]

A woman wearing a face mask to protect against the coronavirus at the Red Square in front of St. Basil’s Cathedral in Moscow, Russia on March 25, 2020. Alexander Nemenov | AFP | Getty Images Reported Covid-19 cases around the world reached 5 million on Thursday as some countries begin easing strict social distancing guidelines […]