Business » Finance

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IRS Head Says Budget Cuts Could Delay Tax Refunds

By Stephen Ohlemacher | Dec 22
Budget cuts at the IRS could delay tax refunds, reduce taxpayer services and hurt enforcement efforts, IRS Commissioner John Koskinen said.

Average US 30-Year Loan Rate Falls to 3.80 Percent

Dec 19
Average U.S. long-term mortgage rates fell this week, with the benchmark 30-year loan rate reaching a new low for the year. The rates' historically low levels could be a boon to potential homebuyers.

Teen "Investor" Admits Telling Elaborate Lie About Making $72 Million

Dec 17
Stuyvesant High School student Mohammed Islam told New York Magazine he made $72 million investing in the stock market. After much hype, the self-described teen tycoon now admits to the New York Observer that he made it all up.

Updates at U.S. Border Crossing Thrill Commuters

By Elliot Spagat | Dec 17
Waits to enter San Diego from Tijuana, Mexico, during the morning rush have dropped to less than 45 minutes from two hours since vehicle lanes were added in September.

Secretive Groups Poured $25 M Into State Elections

By Philip Elliott | Dec 17
The Center for Public Integrity analysis also showed that the secretive outside groups were quite successful, exceeding the victory rates of groups that disclose their donors.

Marijuana, Mainstream Converge in Colorado Tourism Concerns

By Kristen Wyatt | Dec 17
In Colorado, there's mounting anxiety that ski towns have embraced stoner culture a little too much, potentially damaging the state's tourism brand.

Russians Flock to Stores to Pre-empt Price Rises

By Nataliya Vasilyeva | Dec 17
As the government considered ways to ease the selling pressure on the ruble, which has slid 15 percent in just two days and raised fears of a bank run, many Russians were buying cars and home appliances - in some cases in record numbers.

Study: Hotter Days in US Mean Less Cold Cash

By Seth Borenstein | Dec 16
Hotter days mean less cold cash for Americans, according to a new study matching 40 years of temperatures to economics.

Analysis: Spending Bill a Triumph of Divided Gov't

By David Espo | Dec 15
After drawing opposition from both ends of the political spectrum, the $1.1 trillion spending bill cleared for President Barack Obama's signature stands as a triumph of divided government.

At UN Climate Talks, A Crack in Rich-Poor Barrier

By Karl Ritter | Dec 15
A last-minute deal that salvaged U.N. climate talks from collapse early Sunday sends a signal the rich-poor divide that long held up progress can be overcome with a year to go before a landmark pact is supposed to be adopted in Paris.

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