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Business & Lifestyle

Federal Reserve raises interest rate by 0.75%

Federal Reserve Chairman Jerome Powell and members of the Federal Open Markets Committee voted Wednesday to raise the benchmark interest rate by 75 basis points. WASHINGTON (UPI) -- The Federal Reserve raised its benchmark interest rate by 0.75% Wednesday in its latest move to fight the highest inflation in 40 years. The highly anticipated move boosts the federal funds rate to the range of 3% to 3.25% after it remained near zero as recently as March. The Federal Open Market […]

September 21, 2022 6

Commentary

The Crypto Six: An open letter

Dear readers, This is no usual commentary piece. It is more of a letter of outrage toward a corrupt federal government and its groups of domestic terrorists. I specifically mention the Department of the Treasury and the Federal Bureau of Investigation. These thugs bombarded a house owned by Ian Freeman, talk show host of Free Talk Live and the first radio personality to promote Bitcoin on the air, on March 16 of this year. They ransacked his home, terrorized Freeman's […]

June 29, 2021 51

Business & Lifestyle

IRS extends deadline for tax returns to May 17

WASHINGTON (UPI) -- The Internal Revenue Service on Wednesday pushed back the date by which Americans must file their federal tax returns to give people more time to pay what they owe during the pandemic-related economic downturn. The new filing and payment deadline is May 17, more than a month later than the traditional April 15 date. "This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers […]

March 18, 2021 1

Business & Lifestyle

IRS, Treasury say tax filing deadline will stay at July 15

WASHINGTON (UPI) -- The Treasury Department and Internal Revenue Service say the tax filing deadline won't be extended beyond July 15. The normal April 15 deadline was postponed to July to help taxpayers facing hardship due to the coronavirus pandemic. There have been some calls for another extension, and Treasury Secretary Steven Mnuchin said the agencies mulled delaying it until September. "The IRS understands that those affected by the coronavirus may not be able to pay their balances in full by […]

June 30, 2020 8

Business & Lifestyle

IRS delivers first coronavirus stimulus deposits to Americans’ bank accounts

WASHINGTON (UPI) -- The Internal Revenue Service (IRS) announced that the first round of payments distributed as part of a coronavirus relief package have been deposited in Americans' bank accounts. "IRS deposited the first economic impact payments into taxpayers' bank accounts today," the agency wrote on Twitter Saturday afternoon. "We know many people are anxious to get their payments; we'll continue issuing them as fast as we can." The distributions were established by a $2.2 trillion relief package signed in […]

April 13, 2020 3