Proposed 4 Percent Tax on Stock Buybacks Faces Hurdles As the federal government continues to grapple with its budget deficit, lawmakers are proposing a new tax on stock buybacks …
House GOP Conservatives Pan Debt Limit Bill, Threaten to Oust McCarthy More than a dozen House Republicans say they won’t vote for the latest debt limit bill forged over the weekend …
Wyden Sounds Alarm on Republican IRS Cuts Senate Democrats are pushing back on Republican plans to claw back the $80 billion allotted to the IRS in the …
McCarthy Says Work Requirements Non-Negotiable as Debt Deadline Looms President Biden and Houser Speaker Kevin McCarthy, Republican of California met May 16 where they were expected to discuss new …
Senate Democrats Blast House GOP Debt Bill Senate Democrats pressed Republicans on the debt ceiling stalemate May 4 in a Senate Budget hearing on what they say …
Senators Question IRS Preparedness for Tax Scams Generated by ChatGPT A bipartisan group of Senate Finance Committee members is raising concerns with the IRS over potential use of artificial intelligence …
Audit Regulatory Board Mum on Bank Failures as Critics Question Clean Audit Opinion for Silicon Valley Bank For now, the Public Company Accounting Oversight Board (PCAOB) will not publicly address recent bank collapses, triggered by the abrupt, …
U.S. Accounting Rulemakers Studying How Investors Use Artificial Intelligence to Consume Financial Data The FASB and the GASB are actively monitoring the evolution of electronic financial reporting, including how investors use Artificial Intelligence …
Gensler Defends SEC Staff Accounting Bulletin on Crypto, Says FASB Should Act ‘Expeditiously’ During an event commemorating the 20th anniversary of the Sarbanes-Oxley Act of 2002, U.S. Securities and Exchange Commission Chair Gary …