Finance

House and Senate leaders made last-minute adjustments to the economic stimulus package as the final bill headed for a vote.

An international group of accountants, regulators, bankers and business luminaries met to discuss the impact of the financial crisis and the implications for financial reporting.

If the patch for the alternative minimum tax is going to be one of the hurdles holding up reconciliation of the House and Senate versions of the stimulus bill, let’s get rid of it.

The American Institute of CPAs has opened a free online job finder to help accountants find work during the recession.

The House Financial Services Committee grilled a group of bankers who received money from the financial bailout over how they had been using the money.

Senate Majority Leader Harry Reid, D-Nev., said that negotiators from the House and Senate have reached an agreement on the stimulus package.

The Association of Chartered Certified Accountants has some advice for Obama administration officials and erstwhile nominees who have run afoul of the Tax Code, as well as regular taxpayers.

“Look at the guy on your left,” they told pilot recruits during World War II on their first day of training. “Look at the guy on your right. One of you won’t be here in three months.”

Treasury Secretary Timothy Geithner spelled out plans for how the government will spend trillions of dollars to deal with unfreezing credit and taking troubled assets off the books of financial institutions.

The Senate has approved the economic stimulus bill after three Republican senators agreed to vote for the massive package aimed at reviving the economy.

The Senate plans a crucial procedural vote Monday after a group of moderate senators forged a compromise over the weekend to trim approximately $110 billion from the economic stimulus bill.

Millennials still believe the future is bright. According to a survey of 2,000 people conducted by Pepsi as part of the company's Optimism Project, 94 percent of Gen Yers feel optimistic about the future.

Securities and Exchange Commission Chairman Mary Schapiro announced plans to make it easier for SEC staff to bring enforcement actions and indicated that the Financial Accounting Standards Board would further modify fair value accounting standards.

Peoples Income Tax, a local tax prep chain in Virginia, plans to give a break to recently laid-off workers.

Corporate tax executives cited management of the effective tax rate and taxation of international operations as their top two business tax concerns in 2009, according to a new survey.

Clients are coming to their CPAs with concerns about their shrinking retirement savings as the recession deepens.

In the latest sign of tax trouble in the Obama cabinet, Labor Secretary-designate Hilda Solis’ husband had tax liens filed against him.

The Senate has unanimously approved a $15,000 tax credit for individuals who purchase a home in the next year.

It’s no surprise the TARP has turned out to be such a murky endeavor, since even the name of the controversial bailout program has been in doubt from the beginning.

Private sector employers slashed 522,000 jobs last month, according to the latest report by payroll giant ADP.