Finance

The Public Company Accounting Oversight Board plans to hold an open meeting next Tuesday to discuss its proposed regulations calling for greater auditor independence and mandatory rotation of audit firms.

The Securities and Exchange Commission’s new whistleblower program took effect Friday, and the SEC has created a new Web page where people can report a violation of the federal securities laws and apply for a financial award.

Sen. Chuck Grassley, R-Iowa, has written a letter to President Obama disagreeing with the president’s definition of the term “tax reform.”

Standard & Poor’s decision to downgrade the credit rating for U.S. debt could put new pressure on the members of the so-called “super committee” in Congress to agree on tax reforms.

After the Senate approved a reauthorization of the Federal Aviation Administration, leaders of the tax-writing committees in both chambers of Congress have asked the Internal Revenue Service to reinstate taxes on airline ticket in an orderly way.

President Obama proposed a new tax credit for businesses that hire unemployed veterans.

The U.S. Bureau of Labor Statistics reported Friday that employers added 117,000 jobs in July, sending the unemployment rate down a tenth of a percent to 9.1 percent.

Despite the debt limit deal that Democrats and Republicans in Congress managed to hammer out at the 11th hour this week, the U.S. Treasury is still facing the threat of a credit rating downgrade.

With airlines under pressure from lawmakers, Delta Air Lines said it would refund tax money paid by travelers in the wake of a suspension of non-essential services by the Federal Aviation Administration.

The Senate approved a debt limit increase on Tuesday, narrowly averting an unprecedented default on the federal government’s debt obligations.

The House of Representatives voted to raise the debt ceiling, only a day before the August 2 deadline for averting a default on the federal government’s debt obligations.

It looks as though the time has come for comprehensive patent reform, including the banning of tax strategy patents, if the groundswell of opposition is any type of barometer.

President Barack Obama and congressional leaders said Sunday night that they have agreed on the framework of a budget deal that both Democratic and Republican leaders plan to present to their caucuses on Monday.

Senate Majority Leader Harry Reid, D-Nev., saw his plan to raise the debt ceiling turned back Sunday afternoon by a vote of 50-49.

A group of Democratic lawmakers has introduced a bill in Congress aimed at leveling the playing field for sales tax charges between online retailers and brick-and-mortar stores.

A group of Democratic senators urged airlines to reduce their airfares and pass the savings from the temporary expiration of airline ticket taxes on to their passengers.

President Obama called on Congress to move quickly on lifting the debt ceiling Friday as the August 2 deadline rapidly approaches.

IMGCAP(1)]With Medicare fraud costing the federal government an estimated $60 billion a year, it makes perfect sense that the Centers for Medicare and Medicaid Services has tapped aerospace innovator Northrop Grumman to create a predictive model that will detect fraud. Or does it?

The Senate Finance Committee asked a series of corporate executives about whether they could accept the loss of some corporate tax breaks in exchange for lower tax rates. For the most part, they said yes.

Congress held an oversight hearing Thursday to examine progress on the Internal Revenue Service’s new tax return preparer initiative.