The Latest

CCH has created a CCH Financial Crisis News Center with news about the financial crisis and links to the text of source documents.

The U.S. Chamber of Commerce has sent a letter to Congress signed by 27 U.S. companies asking for a two-year easing of taxes on debt purchases to be included in economic stimulus legislation.

The Senate Finance Committee has approved Timothy Geithner as the next Treasury secretary despite concerns over his taxes.

Accounting firm Wipfli has created a task force to help companies cope with the financial crisis.

The Securities and Exchange Commission will make sure that companies are properly using fair value accounting and not deceiving investors, warned an SEC official.

Coming back from Washington D.C. for Barack Obama's historic inauguration validated what I already knew about this election: the youth most definitely rocked the vote.

An increasing number of companies are promoting social responsibility in the form of volunteering in their local communities. One of the Big Four accounting firms is giving high school accounting students a chance to help the United Way with what they learned in class.

Treasury Secretary-designate Timothy Geithner apologized for his tax mistakes and promised reforms of both tax policy and the controversial Troubled Assets Relief Program during a confirmation hearing.

Taxpayers in Delaware, Illinois, New York and Rhode Island who file paper returns will be sending them to different Internal Revenue Service centers this year.

An online survey of about 1,445 finance and technology professionals by Deloitte Financial Advisory Services found that 58.4 percent expect the recession to last for another two to three years.