The IRS is cracking down on small businesses
August 19th, 2013
06:25 AM ET
1 year ago

The IRS is cracking down on small businesses

New York (CNNMoney) – Swipe your card at a local store and you might be creating some serious tax headaches for the business owner.

The Internal Revenue Service has sent out letters to 20,000 small businesses since fall 2012, notifying them of "possible income under-reporting."

FULL STORY

Filed under: CNNMoney.com • IRS
Where Obamacare premiums will soar
August 6th, 2013
07:25 AM ET
1 year ago

Where Obamacare premiums will soar

New York (CNNMoney) – Get ready to shell out more money for individual health insurance under Obamacare ... in some states, that is.

While many residents in New York and California may see sizable decreases in their premiums, Americans in many places could face significant increases if they buy insurance through state-based exchanges next year.

FULL STORY

Filed under: CNNMoney.com • Health care
Economists favor Yellen for Fed chair
August 6th, 2013
07:18 AM ET
1 year ago

Economists favor Yellen for Fed chair

New York (CNNMoney) - Female economists aren't the only ones who want Janet Yellen to be the new Federal Reserve chair.

A CNNMoney survey of 21 economists - mostly male - showed lots of support for Yellen and virtually none for the other frontrunner, former Treasury Secretary Larry Summers. While gender was not a factor in the survey's recipients, only two of the respondents were women. A separate survey by CNNMoney that polled only female economists, showed overwhelming support for Yellen.

FULL STORY

Filed under: CNNMoney.com • Federal Reserve
Female economists: Pick Janet, but leave gender out of it!
Only 17 of 177 central bank heads around the world are women. Female economists surveyed by CNNMoney would like to see Janet Yellen become number 18 .
August 5th, 2013
10:11 AM ET
1 year ago

Female economists: Pick Janet, but leave gender out of it!

New York (CNNMoney) - Janet Yellen is the best candidate to succeed Ben Bernanke as head of the Federal Reserve, and gender should have absolutely nothing to do with it. That's the overwhelming consensus from a CNNMoney survey of top female economists.

Last week, we sent a questionnaire to 100 female economists in academia and the private sector, several who have worked with Larry Summers and Yellen in the past. We asked them to choose: Which of these two top contenders is their preferred candidate for Federal Reserve chair?

FULL STORY

Filed under: CNNMoney.com • Federal Reserve
Washington's budget brawl: 8 things you need to know
August 5th, 2013
07:23 AM ET
1 year ago

Washington's budget brawl: 8 things you need to know

New York (CNNMoney) – When Congress returns from its five-week summer break in September, lawmakers will face some make-or-break fiscal issues that they have once again left to the last minute.

The stars seem aligned for an ugly fight over the federal budget, automatic spending cuts and the debt ceiling.

FULL STORY

Filed under: Budget • CNNMoney.com
Government shutdown won't shut Obamacare: Report
July 30th, 2013
05:56 PM ET
1 year ago

Government shutdown won't shut Obamacare: Report

Washington (CNNMoney) – Obamacare would keep running even in a government shutdown, a new congressional report suggests.

The new health care law draws funding from sources that are not subject to the congressional budget process, according to the nonpartisan Congressional Research Service. Also, the revenue collected under Obamacare is considered to be part of a category that ensures the "safety of human life or the protection of property," which makes it immune to government shutdowns, the report said.

FULL STORY

Filed under: CNNMoney.com • Health care
Who loses out under Obamacare?
July 25th, 2013
10:17 AM ET
1 year ago

Who loses out under Obamacare?

(CNN) – When the state-based insurance exchanges open next year under Obamacare, many Americans should finally have access to affordable insurance. But millions of others will most likely be left out in the cold and remain uninsured.

These folks - mainly low-income adults in the 21 states that aren't expanding Medicaid - will not be eligible for either the long-standing government health insurance program for the poor, or for premium subsidies in the new exchanges.

FULL STORY

Filed under: CNNMoney.com • Health care
For Fatburger and others, Obamacare delay came too late
July 8th, 2013
07:23 AM ET
1 year ago

For Fatburger and others, Obamacare delay came too late

New York (CNNMoney) - Delaying the Obamacare employer mandate has simply put off rules business had already started adjusting to.

Under the Affordable Care Act, companies with 50-plus full-time employees must start offering them health insurance or face stiff penalties. The employer mandate had been set to kick in January 2014, but was pushed back a year.

FULL STORY

Filed under: CNNMoney.com • Health care
June jobs report: Hiring beats expectations
July 5th, 2013
08:58 AM ET
1 year ago

June jobs report: Hiring beats expectations

New York (CNNMoney) - The job market made some headway last month, as hiring continued at a pace that beat expectations.

The economy added 195,000 new jobs in June, the Labor Department reported Friday, the same as the hiring pace in May, which was revised higher. Meanwhile, the unemployment rate remained unchanged at 7.6%.

FULL STORY

Filed under: CNNMoney.com • Economy • Jobs
Federal housing offices to close in worst foreclosure areas
June 18th, 2013
08:10 AM ET
1 year ago

Federal housing offices to close in worst foreclosure areas

Washington (CNNMoney) – Tampa homeowners probably need the government's help more than in other places.

After all, Florida's Tampa Bay reported the nation's third highest rate of foreclosures as recently as May. But those seeking in-person help from the government will be out of luck.

FULL STORY

Filed under: CNNMoney.com • Florida
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