Category Archives: Economy
IRS plans to hire 10,000 workers to relieve massive backlog
WASHINGTON (AP) — The IRS said Thursday it plans to hire 10,000 new workers to help reduce a massive backlog that the government says will make this tax season the most challenging in history.
Justice Dept. names prosecutor to go after pandemic fraud
The Justice Department named a chief prosecutor for pandemic fraud Thursday, following through on President Joe Biden's State of the Union promise to go after criminals who stole billions in relief money.
What opioid victims told Sacklers when they got the chance
A virtual hearing Thursday in U.S. Bankruptcy Court gave survivors of opioid addiction and people who lost loved ones to the crisis what they have long desired — the chance to confront members of the family behind OxyContin maker Purdue
Budget office says federal spending on health care going up faster than planned
OTTAWA — Federal spending on health care and elderly benefits are set to rise at a faster clip over the next 12 months than previously planned under forecasts the parliamentary budget officer warns don't account for looming budget promises. Health tran...
McCain Foods suspends shipments to Russia, ends production facility project
TORONTO — McCain Foods is ending a project to build a production facility in Russia and suspending shipments of its products to the country because of the country's invasion of Ukraine. The Canadian company says it stopped construction at the Russian
US extends mask rule for travel while weighing new approach
WASHINGTON (AP) — Federal officials are extending the requirement for masks on planes and public transportation for one more month — through mid-April — while taking steps that could lead to lifting the rule.
US colleges cut partnerships, financial ties with Russia
Colleges across the U.S. are pulling students from study abroad programs in Russia, ending research partnerships and cutting financial ties as part of a global wave of condemnation over the invasion of Ukraine.
Gas price hikes fueling electric vehicle conspiracy theories
WASHINGTON (AP) — Some social media users suggest that soaring fuel prices in the U.S. aren’t the result of Russia's invasion of Ukraine, increased consumption or supply chain issues as daily life resumes after two years of stagnation brought on
Russia built an economy like a fortress but the pain is real
Western sanctions are dealing a severe blow to Russia's economy. The ruble is plunging, foreign businesses are fleeing and sharply higher prices are in the offing. Familiar products may disappear from stores, and middle-class achievements like foreign ...
Experts: How to impose internet sanctions on Russia
BOSTON (AP) — Ukraine’s attempt to get Russia kicked off the internet failed, but a diverse group of experts proposes a more narrow approach to sanctioning the Kremlin for invading its neighbor: Consider creating a mechanism that could technically blac...
