The odds are looking better for Senate approval of legislation to increase the minimum wage, but reconciling that bill with a House version - which contains no tax breaks for businesses - figures to take some negotiating.Senate debate on the bill ended in late January with an 87-10 vote, and final Senate passage of the bill was expected in early February.

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A man walks past the IRS headquarters in Washington, D.C.

The committee's annual report praised the service's improvements on the e-file process, but said it will need more support from Congress to truly achieve excellence.

FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut

The Financial Accounting Standards Board issued a report summarizing the feedback it received last year on the projects it should pursue in the future.