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
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
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
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
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
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
(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
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
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
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