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DECISION TIME: Federal Reserve Board Chairman Jerome Powell speaks to the House Committee on Financial Services in Washington, D.C., in June. / THE WASHINGTON POST FILE PHOTO VIA AP/BILL O’LEARY

Too risky? Fed pressed to expand business aid

WASHINGTON – With the economy still in the pandemic’s grip, the Federal Reserve is facing a decision on whether to stretch an emergency lending...
U.S. TREASURY SECRETARY Steven Mnuchin said that the Trump Administration has dropped its current bid to cut Social Security payroll taxes as Republicans prepare to unveil a $1 trillion COVID-19 rescue package. / AP FILE PHOTO/EVAN VUCCI

White House drops payroll tax cut after GOP allies object

WASHINGTON (AP) – The White House reluctantly dropped its bid to cut Social Security payroll taxes Thursday as Republicans prepared to unveil a $1...
FEDERAL RESERVE Chariman Jerome Powell said that the Fed's lending programs for medium-sized businesses and state and local governments would begin operating by June 1. / AP FILE PHOTO/JACQUELYN MARTIN

Fed’s Powell says new lending programs to launch by June 1

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell said Tuesday that the Fed's lending programs for medium-sized businesses and state and local governments would...
U.S. TREASURY Secretary Steven Mnuchin said that the Trump administration is seeking an additional $250 billion for the SBA's Paycheck Protection Program. / AP FILE PHOTO/ALEX BRANDON

Mnuchin: Additional $250B sought for small businesses

WASHINGTON (AP) – The Trump administration will seek an additional $250 billion to support a program designed to help small businesses keep workers employed...
THE FEDERAL income tax filing date has been pushed back from April 15, to July 15. / P FILE PHOTO/ROGELIO V. SOLIS

Income tax filing deadline moved to July 15 from April 15

WASHINGTON (AP) – The income tax filing date has been pushed back from April 15, to July 15, Treasury Secretary Steven Mnuchin said. Mnuchin announced...
THE FEDERAL GOVERNMENT will allow businesses and individuals to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline. / AP FILE PHOTO/EVAN VUCCI

Administration announces 90-day delay for many tax payments

WASHINGTON (AP) – The Trump administration says individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past...

Opportunity Zones can’t be just another loophole

Treasury Secretary Steven Mnuchin has said he expects investments in “Opportunity Zones” to top $100 billion eventually. He’s referring to an initiative – part...

Wall Street watchdog blames ‘algo trading’ for stock market volatility

PROVIDENCE – A Wall Street watchdog group wants to put a stop to so-called “algo trading” that it says is playing havoc with the...
THE TRUMP ADMINISTRATION said that China has agreed to remove tariffs on imported automobiles. / BLOOMBERG NEWS FILE PHOTO/ OILAI SHEN

Mnuchin says China agrees to lower auto tariffs; Beijing silent

NEW YORK - U.S. Treasury Secretary Steven Mnuchin said China has agreed to remove tariffs on imported automobiles but declined to detail the specifics of...
ALL 25 Qualified Opportunity Zones nominated by Rhode Island to the U.S. Department of Treasury and the IRS were approved. Areas in purple were submitted to the federal program and received QOZ designation, while areas in green were eligible but not submitted. Rhode Island submitted the maximum number of designations allowed./ COURTESY R.I. COMMERCE CORP.

IRS unveils proposed rules for tax law’s big capital gains break:...

NEW YORK - The Internal Revenue Service unveiled proposed regulations Friday for what Treasury Secretary Steven Mnuchin says could be a $100 billion investment opportunity...

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