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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Taxpayer Advocate Service Feed

40% of Americans can't cover a $400 emergency expense

Tue, May 22, 2018

Covering unexpected expenses and preparing for retirement are among American's biggest financial challenges according to a new Federal Reserve study....

Analysis: China is playing the long game against Trump

Tue, May 22, 2018

Beijing is staying the course on tech policy and plans to build up global goodwill....

Millennials born in 1980s may never recover from the Great Recession

Tue, May 22, 2018

A recent study from the Federal Reserve Bank of St. Louis finds that some Millennials born in the 1980s may never make up the wealth they lost during the Great Recession....

New report highlights massive pay gap between CEOs and typical workers

Tue, May 22, 2018

Read full story for latest details....

American banks had their most profitable quarter ever

Tue, May 22, 2018

ank profits soared by 28% during the first three months of 2018 to $56 billion, according to FDIC stats released just hours before the House considers a deregulation bill....

45% of tax filers will owe nothing in federal income taxes this year

Tue, May 22, 2018

Thanks largely to a progressive tax code, nearly 79 million households will not owe any federal income tax this year, according to estimates from the Tax Policy Center....

This company needs workers so badly it's putting them through drug rehab

Tue, May 22, 2018

Read full story for latest details....

Minimum wage since 1938

Fri, Dec 09, 2016

When the federal minimum wage first became law in 1938, it was 25 cents. Adjusted for inflation, that would be worth $4.19 today. Scroll over the chart to see historical minimum wage amounts, and their corresponding values in today's dollars....

How businesses are really spending their tax cuts

Tue, May 22, 2018

President Trump's tax law was hoped to drive a surge of spending by Corporate America on job-creating investments. However, the promised investment boom has not materialized -- not yet anyway....

Countries with higher wages than the U.S.

Fri, Dec 09, 2016

Some Republicans say high wages in the U.S. are hurting America's global competitiveness. See the countries where wages are even higher....

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