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The Federal Reserve chose to pause rate cuts, even as it faces relentless attacks from President Trump for not cutting borrowing costs fast enough.
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Trump administration finds California's ban on ‘forced outing' of students violates federal law PoliticoCalifornia illegally hid students' gender transitions from parents with secret ‘support plans': DOE probe New York PostSchool district in the hot seat amid fresh allegations of hiding students' gender transition Fox NewsFeds Say California ‘Aggressively' Forcing Gender Secrecy Policy On Schools In Violation of Federal Law
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The Federal Reserve on Wednesday released its decision on interest rates.
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The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year.
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FBI executes search warrant seeking ballots from Fulton County's 2020 election The Washington PostTrump Live Updates: Rubio Testifies on Venezuela, President Threatens Iran The New York TimesFBI raid in Georgia highlights Trump's 2020 election obsession and hints at possible future actions AP NewsFBI searches Fulton County elections office as it investigates alleged voter fraud CNNFBI to s
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Judge Orders Release of Minnesota Refugees Targeted in ICE Crackdown The New York TimesJudge blocks Trump officials from detaining refugees in Minnesota The GuardianFederal judge bars Trump administration from detaining lawful refugees in Minnesota CBS NewsMinneapolis shooting live updates: Judge bars arrests of lawful refugees in Minnesota 6abc.comICE is ‘h
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The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
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The IRS announced that victims of the water crisis in Mississippi (including Jackson, Miss.) that started on August 30, 2022, will have more time to file various individual and business tax returns and make tax payments. Specifically, impacted taxpayers will have until February 15, 2023, to file and pay tax returns and payments due between August 30 and February 14.
SEE MORE 2022 Tax Calendar: Important Tax Due Dates and Deadlines
The tax relief is available to anyone in any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance. At this point, only affected taxpayers who live or have a business in Hinds County (which includes Jackson, Miss.) qualify for the extensions, but the IRS will offer the same relief to any taxpayers in other areas designated by FEMA later.
The IRS will also waive fees for obtaining copies of previously filed tax returns for taxpayers affected by the water crisis. When requesting copies of a tax return or a tax return transcript, write "Mississippi Water Crisis" in bold letters at the top of Form 4506 (copy of return) or Form 4506-T (transcript) and send it to the IRS.
The IRS will also work with other people who live outside the disaster area but whose tax records are in the disaster area. Call the IRS at 866-562-5227 if you face this situation. This also includes relief workers affiliated with a recognized government or philanthropic organization, and anyone visiting the area who was killed or injured as a result of the disaster.
Deadlines Extended
The deadlines that are pushed back for Mississippi wa
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