WASHINGTON (AP) — When IRS Commissioner Danny Werfel met privately with senators recently, the chairman of the Senate Finance Committee asked for his assessment of a startling report: A whistleblower estimated that 95 percent of claims now being made by businesses for a COVID-era tax break were fraudulent. “He looked at his shoes and he [...]
OMAHA, Neb. (AP) — About 1,000 engineers and conductors who work for Norfolk Southern will soon be able to report safety concerns anonymously through a federal system without any fear of discipline. Norfolk Southern is the first of the six major freight railroad companies to follow through on promises made in the wake of last [...]
WASHINGTON (AP) — Now that income tax filing season officially started on Monday, a limited number of taxpayers in 12 states will soon be eligible to join an Internal Revenue Service pilot program that will allow them to calculate and submit their returns to the government directly without using commercial tax preparation software. The Direct [...]
DETROIT — General Motors' net income rose 12 percent last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers' strike. The company predicts a small improvement this year even as it plans for lower vehicle selling prices due to increased discounts. The Detroit automaker made [...]
ATLANTIC CITY, N.J. — Atlantic City got a green light to proceed with a project to reduce the width of its main street from four lanes to two, despite fears from casinos and a hospital that the plan could tie the city into gridlocked knots, scare away gamblers and delay emergency vehicles. Superior Court Judge [...]
WASHINGTON — The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation. In its latest outlook, the 190-country lending agency said that it now expects the global economy to grow 3.1 percent this year, unchanged from 2023 [...]