Gaining what he termed "momentum" in overhauling Social Security, Treasury Secretary John Snow said he expects House lawmakers to draft a reform proposal for the 70-year-old program when they return from the July 4th recess."There is real momentum," Snow said in a radio interview held earlier this week. "We need to keep this moving forward and we need to keep hearing from more people."Snow said he expects the Senate to address Social Security reform sometime this summer. The hope is that some form of resolution can be reached before the end of the year.However, Democrats have voiced staunch opposition to any Social Security reform plans that entail the creation of personal or private accounts.
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Ernst & Young released its 2026 U.S. audit quality report, showing the biggest improvement ever in its annual PCAOB inspection findings.
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Taxpayers waited about 20 months for the IRS to process their identity theft cases in recent years, frustrating and burdening taxpayers expecting tax refunds.
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Recent tax law changes are prompting businesses to rethink entity structures. Here's what financial advisors need to know when guiding clients or making decisions about their own RIAs.
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The Governmental Accounting Standards Board released an implementation guide with questions and answers clarifying the requirements related to subsidies.
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The Internal Revenue Service issued its annual notice setting the daily rates that business travelers can use when deducting their expenses.
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Financial operations platform Ramp, traditionally associated with outbound payments, now has a solution for inbound payments via the new Ramp Accounts Receivable product.
September 23






