Bipartisan legislation recently introduced in the U.S. Senate would streamline tax filing and payment for individuals and small businesses. The Tax Administration Simplification Act would do three ...
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Program would help owners of homes destroyed by natural disasters
California Gov. Gavin Newsom recently announced a proposal that would create a more than $125 million mortgage relief program to assist homeowners whose homes were destroyed or severely damaged by rec...
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Rep. Fitzpatrick leads effort to help families afford quality child care
U.S. Rep. Brian Fitzpatrick (R-PA) introduced bipartisan legislation that seeks to help families access quality and affordable child care. The bill, the Affordable Child Care Act, would double thre...
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Reps. Reschenthaler and Titus introduce bill to repeal sports betting tax
U.S. Reps. Guy Reschenthaler (R-PA) and Dina Titus (D-NV) introduced legislation that would repeal the 0.25 percent excise tax placed on all legal sports bets, known as the “handle tax.” “The...
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Senators demand removal of Musk’s DOGE citing conflict of interest
U.S. Sens. Elizabeth Warren (D-MA) and Adam Schiff (D-CA) have demanded that Elon Musk’s Department of Government Efficiency be removed from the Consumer Financial Protection Bureau, citing Musk’s...
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Treasury Department releases International Capital data
The sum total of all net foreign acquisitions of all long-term securities, short-term securities and banking flows for December 2024 was a net $87.1 billion, a report released by the U.S. Department o...
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NationalExpress Move affiliate program joins Mortgage Bankers Association
Illinois-based National Van Lines’ affiliate program recently became part of the Mortgage Bankers Association’s (MBA) Member Advantage Program. Members now can earn commissions through the Nat...
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Sen. Wyden leads effort to warn Trump officials about effects of IRS staffing cuts
A group of senate Democrats, led by Senate Finance Committee Ranking Member Ron Wyden (D-OR) are warning the Trump administration officials that staffing reductions at the Internal Revenue Service (IR...
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ICE sees record trading volume for bonds in 2024
Last year was a record year for trading volume for corporate bonds, municipal bonds and agencies trading on ICE Bonds, according to the Intercontinental Exchange. Specifically, trading on ICE Bonds...
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CFTC announces Brian Young to serve as Director of Enforcement
The Commodity Futures Trading Commission (CFTC) announced Brian Young will serve as the agency’s Director of Enforcement. Acting CFTC Chairman Caroline Pham announced Young had been serving in a...
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