DIRS.INFO The most relevant business & tech news

☆ Users of Venmo, Cash App and Other Digital Wallets Get a Tax Reprieve
▼ + stars: | 2023-11-21 | by ( Alan Rappeport | ) www.nytimes.com time to read: 1 min

For the second time in a year, the Internal Revenue Service is delaying enforcement of a contentious tax policy that would require users of digital wallets and e-commerce platforms to start reporting small transactions to the tax collection agency. said on Tuesday that it would slowly phase in the new policy, which would require individuals and small businesses to report digital transactions of as little as $600 to the federal government. The new reporting requirement was supposed to take effect late last year, but the Biden administration abruptly postponed it following pressure from lobbyists and backlash from users of services such as Venmo, PayPal, Cash App, StubHub and Etsy. The head of the Internal Revenue Service said the decision to delay the rule again stemmed from concern of higher tax bills among those who used digital wallets.

Persons: Biden Organizations: Internal Revenue Service, PayPal

☆ Passing at home, failing abroad: Grading Mike Johnson's first month as speaker
▼ + stars: | 2023-11-21 | by ( Madison Hall | ) www.businessinsider.com time to read: +9 min

In late October, House Republicans settled on a little-known congressman as their next leader. AdvertisementMike Johnson has been the speaker of the House for just under a month now following a testy race to succeed ousted former Speaker Kevin McCarthy. Johnson's so-called "laddered" approach has been heavily criticized by congressional Democrats, Republicans, and even the White House, who called it an "unserious proposal." AdvertisementSection 702: FailFBI Director Christopher Wray speaks during the daily press briefing at the White House, Thursday, Aug. 2, 2018, in Washington. AdvertisementWith just over a month left until the authorization expires, though, Johnson's been mum on the topic since becoming speaker.

Persons: Mike Johnson, Kevin McCarthy, —, Johnson, here's, Tom Brenner, McCarthy, Biden, Tom Emmer, Elise Stefanik, Steve Scalise, Alex Wong, Volodymyr Zelensky, Mitch McConnell, Chuck Schumer, Mandel Ngan, Michael McCaul, McCaul, Sandy Huffaker, Congress didn't, Christopher Wray, Evan Vucci, Jim Jordan, Johnson's, Patrick McHenry, Win McNamee, who's, he'd, McCarthy's Organizations: Republicans, Business, Service, The Washington, Getty, House Republican, Capitol, House Republicans, Internal Revenue Service, Democratic, White, Congress, Republican, Foreign Affairs Committee, American Farm Bureau Federation, Texas Farm Bureau, Foreign Intelligence, Associated Press, GOP Rep, FBI Locations: Israel, Gaza, Washington , DC, Ukraine, AFP, Mexico, Taiwan, California, Texas, Washington

WASHINGTON (AP) — The nation's largest Christian university says it's fighting a $37.7 million fine brought by the federal government over allegations that it lied to students about the cost of its programs. Grand Canyon University, which enrolls more than 100,000 students mostly in online programs, said it's filing an appeal with the U.S. Education Department on Thursday. In a 40-minute speech, university President Brian Mueller called the fine “ridiculous” and questioned whether the school is being targeted because of its faith affiliation. He noted that the nation's second-largest Christian university, Liberty University, is reportedly being threatened with a $37 million fine over alleged underreporting of crimes. It had 80,000 students in online programs as of 2021.

Persons: it's, Brian Mueller, ”, Mueller, Trump, It’s Organizations: WASHINGTON, Christian, Canyon University, U.S . Education Department, Liberty University, Education Department, Washington , D.C, Internal Revenue Service, Associated Press, Carnegie Corporation of New, AP Locations: Phoenix, Washington ,, Arizona, Carnegie Corporation of New York

☆ Cut your tax bill and revamp income-generating investments with this move
▼ + stars: | 2023-11-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Tax loss harvesting is a staple of year-end planning. Bonds are ripe for tax loss harvesting in the wake of the Federal Reserve's rate-hiking cycle. Consider that the longer-dated iShares 20+ Year Treasury Bond ETF (TLT) has a year-to-date total return of about -7.3%, while the shorter-term iShares Core US Aggregate Bond ETF (AGG) has a total return of roughly 0.7% in 2023, according to Morningstar. "Tax loss harvesting is a silver lining for some of the pain they've been feeling the last couple of years." Bonds and the wash sale rule To benefit from tax loss harvesting, investors must avoid violating the wash sale rule .

Persons: Bonds, Morningstar, Kristy Akullian, Jeffrey Levine, St . Louis, Levine, Jordan Naffa, Naffa, VGSH, Lisa, Kirchenbauer Organizations: Treasury Bond ETF, Bond, BlackRock, Internal, Strategic Wealth, Arista Wealth Management, Treasury, SEC, VGIT, Omega Wealth Management Locations: St ., Las Vegas, Arlington , Va

☆ The day Congress went back to fourth grade
▼ + stars: | 2023-11-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

The 118th Congress, which took an initial step to punt funding deadlines to the winter, looked more like a fourth grade class on a day that will further erode trust in government ahead of next year’s elections. Across Capitol Hill in the world’s so-called greatest deliberative body, Oklahoma Republican Sen. Markwayne Mullin was spoiling for a prize fight. Senate Republican leader Mitch McConnell, however, suggested that policing the Capitol was beyond even his wily capacity to enforce discipline within his conference. And only in the malfunctioning Congress would a speaker try to prevent one government shutdown by laying the possible path for two others. Israel and Ukraine have nothing to thank Congress forThe most glaring example of Congress’ failure to fulfill its duty on Tuesday came at a pro-Israel demonstration on the National Mall.

Persons: Joe Biden’s, Xi Jinping, Kevin McCarthy –, –, Tim Burchett, CNN’s Manu Raju, McCarthy, Oklahoma Republican Sen, Markwayne Mullin, Sean O’Brien, Mullin, O’Brien, ” Mullin, “, ” O’Brien, Vermont Sen, Bernie Sanders, let’s, ” Sanders, ”, Jared Moskowitz, James Comer, Comer, leafing, Moskowitz couldn’t, Gargamel, Marjorie Taylor Greene, Georgia –, Darrell Issa, Alejandro Mayorkas, Greene, Donald Trump, ” McCarthy, Dakota Sen, John Thune –, Mitch McConnell, who’s, Mike Johnson’s, Johnson, ” Rep, Patrick McHenry, Tom Cole, Trump, Joe Biden, Chuck Schumer, Hakeem Jeffries, Iowa GOP Sen, Joni Ernst, Biden, Vladimir Putin, hasn’t, he’d, ” Connecticut Democratic Sen, Chris Murphy Organizations: CNN, 118th, Republican, GOP, Tennessean, Oklahoma Republican, International Brotherhood of Teamsters, Health, Education, Labor, Pensions, Sooner, Martial Arts, Democratic, Biden, Florida Democrat, Capitol, Georgia Republican, Homeland, Capitol ., Congressional, Senate Republican, Capitol Police, Kentucky Republican, Republicans, ”, CNBC, “, Congress, House Democratic, Iowa GOP, Internal Revenue Service, Senate, White, ” Connecticut Democratic Locations: Israel, Ukraine, Washington, China, Oklahoma, Vermont, Florida, Kentucky, Georgia, California, Capitol . Congress, Dakota, Gaza, Iowa, “ Ukraine, ” Connecticut

U.S. Secretary of Treasury, Janet Yellen hosts a Finance Ministers? Meeting plenary at the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S. November 13, 2023. "This is a decision I disagree with," she said at a news conference at the close of the APEC Finance Ministers' Meeting in San Francisco, California. The ratings agency on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable," citing large fiscal deficits and a decline in debt affordability. The rise in long-term interest rates would create a challenge to debt sustainability if it lasts, Yellen acknowledged.

Persons: Janet Yellen, Carlos Barria, Yellen, Biden, David Lawder, Ann Saphir, Tom Hogue Organizations: Treasury, Ministers, APEC, Economic Cooperation, REUTERS, FRANCISCO, . Treasury, Monday, APEC Finance, Internal Revenue Service, House Republicans, Thomson Locations: Asia, San Francisco , California, U.S

☆ Tax-advantaged accounts can help you save on health-care costs—here's how HSAs and FSAs differ
▼ + stars: | 2023-11-14 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Health savings accounts and flexible spending accounts are both tax-advantaged financial tools that can help you save money on your medical expenses. Some FSA funds may roll over into the new year, but it depends on your plan sponsor, according to FSAStore. If you invest your HSA funds, the earnings are also tax-free, giving HSAs a triple tax advantage. "Your HSA custodian doesn't micromanage your HSA expenses like they will your FSA," Rhinehart says. She says it's a good idea to keep receipts when you use your HSA funds just in case you're ever audited.

Persons: FSAs, Charlene Rhinehart, Rhinehart, HSAs, they'll, doesn't Organizations: CNBC, Fidelity, Internal Revenue Service Locations: FSAStore

☆ Chevron takeover of Hess resurrects multi-billion dollar tax shield
▼ + stars: | 2023-11-14 | by ( Tim Mclaughlin | ) www.reuters.com time to read: +5 min

“The tax benefits were definitely factored into how Chevron valued Hess,” said Donald Williamson, an accounting professor at American University’s Kogod School of Business. “When you combine the companies, we have the greater U.S. income, and we can use those net operating losses,” he said. The bottom line effect, when that loss limit is multiplied by the U.S. federal tax rate of 21%, is extra cash flow that could top $400 million a year. “There’s a strong and appropriate case to increase the corporate income tax rate.”Last year, corporate tax revenue totaled a record $425 billion, according to the Congressional Budget Office. Over the past decade, Chevron's current U.S. federal tax expense has averaged $40 million a year.

Persons: Dado Ruvic, Hess, ”, Donald Williamson, “, Pierre Breber, Williamson, Jim Seida, Jean Ross, Exxon, Darren Woods, ” Woods, Tim McLaughlin, Marguerita Choy Organizations: Chevron, Hess, REUTERS, Kogod School of Business, Internal Revenue Service, U.S, University of Notre Dame, Center for American Progress, Congressional, Graphics, Exxon Mobil, Pioneer Resources, Exxon, Reuters, Boston College, Thomson Locations: U.S, Chevron

☆ Government shutdown looms as new speaker struggles to control hardliners
▼ + stars: | 2023-11-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

The move could head off the Washington holiday-season tradition of shutdown dramas and mammoth all-encompassing spending bills. But the chances that a GOP majority that has trouble passing any bill could deliver on this intricate plan seem very low. Time is critically short given the need to muscle a funding measure through both the House and Senate in five days. Trump looms over the House – and the year to comeHouse Democrats are yet to solidify their position but did note Saturday that spending cuts weren’t included in Johnson’s plan. Johnson pleads for a break from his hardlinersAs with the White House, Johnson’s language explains his strategy.

Persons: Mike Johnson, Kevin McCarthy —, Johnson, “, Chip Roy, McCarthy, Jabin Botsford, Jabin, haven’t, Ukraine’s, —, ”, Karine Jean, Pierre, Joe Biden, Donald Trump, — Biden, Trump, Jack Smith, Marjorie Taylor Greene, ” Greene, Biden, Republicans —, Connecticut Democratic Sen, Chris Murphy, ” Murphy, Murphy Organizations: CNN, New, Republican, Washington, GOP, CRs, Democratic, White, Caucus, Texas Rep, Getty, Washington Post, Senate, Internal Revenue Service, Republicans, Democrats, Trump, Connecticut Democratic, Press Locations: Louisiana, Washington, DC, Washington ,, Israel, Gaza, Marjorie Taylor Greene of Georgia, Connecticut

The fallout has extended to Washington, where Republicans are hunting for evidence that could be used to impeach President Joe Biden. Republicans have highlighted a $200,000 personal check from Jim to Joe Biden on the same day — March 1, 2018 — that Jim Biden received an equal amount from Americore. Concerns that Jim Biden’s business ventures and missteps would cloud Joe Biden’s political career stretch back decades. Court records show the matter was dropped, and Jim Biden's representatives said the bill was paid. But he’s also angry at Jim Biden's brother.

Persons: ELLWOOD, Jim Biden, Joe Biden, Jim Biden wasn’t, Americore, It’s, Joe Biden’s, Hunter, Biden, Jim, ”, Paul Fishman, “, Ian Sams, Republicans won’t, ” Jim Biden, James Comer, he’s, ” Comer, Jim Biden's, Sara, Joe, Jill, Jim Biden’s, Barack Obama’s, Narendra Modi, Valerie, Frank, Beau, Beau Biden, ” Hunter, Uncle Jim, Hollywood Roosevelt, ‘, Let’s, ’ ”, Hurricane Irma, Tom Pritchard, Pritchard, ” Pritchard, Obama, Jim Biden “, ” Fishman, Michael Lewitt, Lewitt, Fishman, Biden’s, Grant White, ” White, Donald Trump, Scott Paglia, Paglia, ___ Suderman, Rhonda Shafner Organizations: ELLWOOD CITY, Health, House Republicans, Republicans, ., Democrats, Americore, Rep, Kentucky Republican, franchise, Senate, Delaware News, Oval, White, Indian, University of Delaware, Internal Revenue Service, CEFC China Energy . Records, American Express, U.S . Department of Veteran Affairs, Platinum Global Partners, Securities and Exchange Commission, Wall, Democratic, Associated Press Locations: Pa, Florida, Ellwood City, Pennsylvania, Washington, “, China, Philadelphia, Delaware, Mississippi, California, Los Angeles, Qatar, Saudi Arabia, South Florida, Delray Beach , Florida, Richmond , Virginia, New York

☆ Yelp Profit Soared With Help From IRS Guidance on R&D Tax Deductions
▼ + stars: | 2023-11-10 | by ( Jennifer Williams-Alvarez | Mark Maurer | ) www.wsj.com time to read: 1 min

Yelp’s office in San Francisco. The company’s third-quarter earnings included $15 million from a one-time tax adjustment after new IRS guidance. Photo: Jeff Chiu/Associated PressYelp ’s profit rocketed more than sixfold in its latest quarter, and it wasn’t entirely due to restaurant reviews. The surge in earnings was in part the effect of a one-time tax adjustment related to deductions for research and development, following recent guidance from the Internal Revenue Service.

Persons: Jeff Chiu, Yelp Organizations: Associated, Internal Revenue Service Locations: San Francisco

☆ Former top Baltimore prosecutor convicted of federal perjury charges
▼ + stars: | 2023-11-10 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

Nov 9 (Reuters) - Baltimore's former top prosecutor Marilyn Mosby was found guilty of perjury on Thursday for falsely claiming financial duress to withdraw funds from a retirement plan. A U.S. District Court jury in Greenbelt, Maryland, convicted Mosby, 42, on both federal perjury counts she faced after hours of deliberation. Mosby, a Democrat, lost her bid for a third term after she was indicted on federal charges in January 2022. Mosby's defense team argued in court that she did not lie in stating financial hardship because her private travel business took a hit during the pandemic. None of the six officers charged in his death was convicted.

Persons: Marilyn Mosby, Mosby, Freddie Gray, Prosecutors, Gray, Steve Gorman, Michael Perry Organizations: Maryland, Baltimore, Democrat, Maryland U.S, Attorney's, Prosecutors, Internal Revenue Service, Thomson Locations: U.S, Greenbelt , Maryland, Maryland, COVID, Florida, Los Angeles

☆ Speaker Mike Johnson floats confiscating Russian assets to fund Ukraine war aid: 'It would be pure poetry'
▼ + stars: | 2023-11-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Speaker Johnson continues to signal openness to more Ukraine aid, despite past opposition. AdvertisementAdvertisementHouse Speaker Mike Johnson is suggesting that the US should confiscate assets owned by the Russian government to pay for more aid to Ukraine. "It would be pure poetry to fund the Ukrainian war effort with Russian assets," Johnson told the New York Post. AdvertisementAdvertisementDespite consistently voting against Ukraine aid in the past two years as a rank-and-file lawmaker, Johnson has signaled openness to allowing more Ukraine aid to be approved since becoming speaker. That's been encouraging news for supporters of Ukraine aid — and cause for concern among long-time opponents.

Persons: Johnson, He's, —, Mike Johnson, that's, Biden, That's Organizations: Service, New York, Republican, Opportunity, Russian Central Bank, Internal Revenue Service, Democratic, House Republicans, Republicans, Ukraine Locations: Ukraine, Russian, Russia, Israel

☆ These losing stocks could surge as the year winds down, Bank of America says
▼ + stars: | 2023-11-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

One investor's portfolio loser could be another's winning stock as 2023 draws to a close, according to Bank of America. Buy rated and cheap Bank of America screened for buy-rated stocks that fell at least 10% in 2023 through the end of October that were also overweight by long-only funds as of September. However, Bank of America still rates both names as buys – and others on Wall Street spot potential. Retailer Target is another name that made the cut, garnering a buy rating from Bank of America. Other stocks in Bank of America's list include agriculture play Mosaic , life insurer MetLife , defense giant Northrop Grumman , as well as gas and electric utility CenterPoint Energy .

Persons: Savita Subramanian, Dexcom, Insulet, –, Piper Sandler's Matt O'Brien, — CNBC's Michael Bloom Organizations: Bank of America, Internal Revenue, Bank of, Target, MetLife, Northrop, CenterPoint Energy Locations: Bank of America, Bank

☆ Inflation Causes IRS to Raise Tax Brackets, Standard Deduction by 5.4%
▼ + stars: | 2023-11-09 | by ( Ashlea Ebeling | ) www.wsj.com time to read: 1 min

Your tax bill may be slightly lower next year due to inflation adjustments. Photo: iStockHere’s an upside to persistent inflation: More of your income will be taxed at lower rates next year. The Internal Revenue Service announced its annual inflation adjustments to federal income-tax brackets for 2024 Thursday, an increase that slightly outpaces the current inflation rate. This means some Americans will pay less in taxes, said Jim Young, an accounting professor at Northern Illinois University.

Persons: Jim Young Organizations: Internal Revenue Service, Northern Illinois University

☆ IRS Warns Employers About This One Tactic to Claim Pandemic Tax Credit
▼ + stars: | 2023-11-09 | by ( Richard Rubin | Ruth Simon | ) www.wsj.com time to read: 1 min

An IRS memo is the latest sign of the agency’s tough line in audits of the employee retention credit, or ERC. Photo: stefani reynolds/Agence France-Presse/Getty ImagesA lot of federal money is riding on what counts as a government order, and the Internal Revenue Service and tax firms are preparing for legal fights about that crucial definition. Employers can claim a pandemic-era tax credit worth up to $26,000 per worker if a government order fully or partially suspended their operations. Some employers and tax advisers say they can rely on Occupational Safety and Health Administration guidelines encouraging ventilation, physical distancing and other measures.

Persons: stefani reynolds Organizations: ERC, Agence France, Internal Revenue Service, Safety, Health

☆ The IRS announced new tax brackets for 2024—here's what you need to know
▼ + stars: | 2023-11-09 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

The Internal Revenue Service announced on Thursday that the thresholds for income tax brackets, and the standard amount Americans can deduct, are both moving up. The moves — two among several adjustments based on rising inflation — means that taxpayers will have to earn more money to qualify for higher income brackets and their correspondingly higher rates for tax year 2024. The top rate of 37%, for instance, will apply to individuals with annual taxable income above $609,350 or to jointly filing married couples who earn more than $731,200. The deduction for married couples filing jointly jumps from $27,700 to $29,200. Here's how the new brackets will look for single filers and married couples filing jointly.

Organizations: Internal Revenue Service

☆ US House Republican spending plan hits new snag as shutdown looms
▼ + stars: | 2023-11-09 | by ( David Morgan | ) www.reuters.com time to read: +4 min

Lawmakers said they expect the Louisiana Republican to unveil a continuing resolution or "CR" to avert a partial government shutdown as late as Saturday. Johnson can afford to lose no more than four Republican votes from his slim 221-212 House majority on legislation opposed by Democrats. But he is under pressure from Republican hardliners to lumber any CR with spending cuts and policy riders Democrats uniformly reject. "If there's any kind of CR, there has to be spending reductions," Representative Chip Roy, a prominent conservative, told reporters. House Republicans are trying to pass a full slate of 12 appropriations bills for fiscal 2024, which began on Oct. 1.

Persons: Julia Nikhinson, Mike Johnson, Joe Biden, Biden, Chuck Schumer, Johnson, Chip Roy, Tom Cole, Cole, We've, Steve Womack, Republican centrists, Kevin McCarthy, McCarthy, It's, Ralph Norman, David Morgan, Nandita Bose, Susan Heavey, Scott Malone, David Gregorio, Mark Porter Organizations: U.S, Capitol, Congress, REUTERS, Rights, . House, White, Treasury, Lawmakers, Louisiana Republican, Democratic, Republican, House Republicans, Internal Revenue Service, District of, Food and Drug Administration, Amtrak, Biden, Republicans, Caucus, Thomson Locations: Washington , U.S, Louisiana, Washington, District of Columbia

archived recording 1 House Republicans and Speaker Mike Johnson will never give up. May God bless our next speaker, Mike Johnson. And Mike Johnson is already talking about adding a whole bunch of other conditions to keeping the government open and preventing a shutdown. archived recording (mike johnson) We worked through the weekend on a stopgap measure. archived recording 4 That was Speaker of the House Mike Johnson speaking with Fox News as the deadline for a government shutdown ticks closer yet again.

Persons: david firestone, David Firestone, I’m, Mike Johnson, — david firestone, it’s, we’ve, Donald Trump, Kevin McCarthy, Tom Emmer, Jim Jordan, He’s, Biden’s, Michael Johnson, Biden, there’s, we’re, Senate can’t, johnson Organizations: The New York Times, Republicans, Republican Party, Taiwan, Israel, Internal Revenue Service, Senate, Fox News Locations: Ohio, Ukraine, Israel, Taiwan, United States

☆ As shutdown looms, US House Republicans search for stopgap solution
▼ + stars: | 2023-11-07 | by ( David Morgan | ) www.reuters.com time to read: +4 min

House Speaker Mike Johnson, the top Republican in Congress, described the closed-door debate as "positive." House Republicans are focused on passing full-year appropriations bills for transportation, housing, urban development and financial services. The chamber has passed seven partisan Republican bills of the 12 spending measures needed. "What we need is bipartisan solutions," Representative Pete Aguilar, chair of the House Democratic conference, told reporters. Another option on the House Republican table would be to negotiate with the Democratic-led Senate on a "clean" CR that can pass both chambers quickly.

Persons: Mike Johnson, Nathan Howard, Everybody's, Brian Babin, Johnson, Dusty Johnson, Pete Aguilar, Eli Crane, Crane, Mike Garcia, David Morgan, Scott Malone, Stephen Coates, Leslie Adler Organizations: Republican, U.S, Capitol, REUTERS, Rights, . House, Democratic, Republicans, Democrats, Internal Revenue Service, House Democratic, Social Security, Thomson Locations: Washington , U.S, Israel, Ukraine, Mexico

Hunter Biden’s foreign business dealings and private life have provided political fodder for Republicans seeking to pin wrongdoing on his father. Here’s what you need to know about the legal challenges facing the president’s son. Photo Illustration: Ryan TrefesThe yearslong criminal investigation into Hunter Biden has aired a lot of dirty laundry about the president’s son’s attempts at foreign business and his descent into drug addiction. A parallel congressional probe is now airing a lot of dirty laundry about the government officials investigating him. The younger Biden was indicted in September on three felony gun charges and pleaded not guilty last month in Delaware federal court.

Persons: Hunter, Ryan Trefes, Hunter Biden, Biden Organizations: Republicans, Internal Revenue Locations: Delaware

☆ Hunter Biden prosecutor to testify behind closed doors to House Republicans
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +3 min

File photo: U.S. President Joe Biden's son, Hunter Biden, arrives to appear in a federal court on gun charges in Wilmington, Delaware, U.S., October 3, 2023. House Republicans allege that the Justice Department improperly interfered with an investigation into Hunter Biden, whose brushes with the law are a central focus of their impeachment inquiry into President Biden. Weiss has headed an investigation into Hunter Biden since 2019. Originally nominated during Republican President Donald Trump's administration, he was allowed to remain in place under Biden. Weiss has charged Hunter Biden, 53, with crimes related to owning a firearm while using illegal drugs.

Persons: Joe Biden's, Hunter Biden, Mike Segar, David Weiss, Biden, Weiss, Mr, Donald Trump's, Trump, impeaching Biden, Makini Brice, Andrew Goudsward, Scott Malone, Jonathan Oatis Organizations: REUTERS, Rights, Republican, Internal Revenue Service, Republicans, Justice Department, Department, FBI, IRS, Trump, Thomson Locations: Wilmington , Delaware, U.S

WASHINGTON (AP) — The prosecutor overseeing the Hunter Biden investigation is expected to testify on Tuesday, marking the first time a special counsel will appear before Congress in the middle of a probe. The rare move by the Justice Department to allow a special counsel or any federal prosecutor to face questioning before the conclusion of an investigation indicates just how seriously the department is taking accusations of interference. Weiss' appearance comes after months of back-and-forth negotiations between Republicans on the Judiciary Committee and the Justice Department as lawmakers subpoenaed several investigators and attorneys involved in the Hunter Biden case. But the IRS whistleblower, who testified publicly over the summer, insists his testimony reflects a pattern of interference and preferential treatment in the Hunter Biden case and not just disagreement with their superiors about what investigative steps to take. In the Hunter Biden case, defense attorneys have already indicated they plan to challenge the gun charges he is currently facing on several other legal fronts and suggested that prosecutors bowed to political pressure in filing those charges.

Persons: Hunter Biden, David Weiss, “ Mr, Weiss, ” Wyn Hornbuckle, “, Hunter, That’s, Jim Jordan Organizations: WASHINGTON, Republicans, Committee, Justice Department, Democratic, Republican, Internal Revenue Service, Attorneys, GOP Locations: Washington and California

Republican Senator Roger Marshall said: "Time is of the essence and it's imperative that the Senate not delay delivering this crucial aid to Israel another day," he said. The House bill would provide $14.3 billion for Israel as it responds to a deadly Oct. 7 attack by Islamist Hamas militants, but also cut the same amount of money from the IRS. "Our allies in Ukraine can no more afford a delay than our allies in Israel," said Senator Patty Murray, who chairs the Senate Appropriations Committee. The White House had said Biden would veto the House bill. Senate leaders are writing their own supplemental funding bill and hope to introduce it as soon as this week.

Persons: Kevin Wurm, Roger Marshall, Joe Biden, Patty Murray, Biden, Patricia Zengerle, Alistair Bell Organizations: U.S, Capitol, REUTERS, Rights, Senate, Republican, Russia, Republicans, Jewish State, Internal Revenue Service, IRS, Democrats, Democratic, Democrat, White, Thomson Locations: Washington , U.S, Israel, Ukraine, China

☆ US Senate Republicans unveil border plan as House Ukraine bill looms
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

2 Senate Republican John Thune told reporters that Johnson's plan has "a lot" of support among Republicans in the Senate, adding: "It'd be strong." The Republican-controlled House passed HR-2 in May, but the bill has gone nowhere in the Democratic-led Senate. Among other things, the Senate Republican proposal would resume construction of a border wall -- former President Donald Trump's signature goal -- in addition to deeming large numbers of migrants ineligible for asylum. Republican border provisions face broad opposition from Democrats in Congress and from President Joe Biden. He told reporters that a bill linking Ukraine aid to border security would come soon.

Persons: San Nicolas de los, Daniel Becerril, Mike Johnson, Republican John Thune, Lindsey Graham, Tom Cotton, James Lankford, Donald Trump's, Joe Biden, Johnson, David Morgan, Scott Malone, Deepa Babington Organizations: REUTERS, Rights, U.S, Senate Republicans, Republican, Republicans, Democratic, Democrats, Internal Revenue Service, Thomson Locations: U.S, Nuevo Leon, San Nicolas, San Nicolas de los Garza, Mexico, Ukraine, Republican, Israel

Search resuls for: "Internal Revenue Service"

25 mentions found