Posts Tagged Government finance

Dow plunges as multiple worries vex investors

This April 22, 2010, file photo, shows a Wall Street sign in front of the New York Stock Exchange. U.S. stocks slumped Thursday, July 31, 2014, as investors reacted to disappointing corporate earnings reports and assessed the implications of the approaching end to economic stimulus from the Federal Reserve. (AP Photo/Mark Lennihan, File)

HONG KONG (AP) — Most Asian stock markets dipped on Friday following a big sell-off on Wall Street but losses were limited by optimistic reports on China’s economy.

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Ex-IRS official called conservatives ‘crazies

In this May 22, 2013 file photo, Internal Revenue Service official Lois Lerner refuses to answer questions as the House Oversight Committee holds a hearing to investigate the extra scrutiny the IRS gave Tea Party and other conservative groups that applied for tax-exempt status, on Capitol Hill in Washington. Lerner, a former IRS official at the heart of the agency's tea party controversial called Republicans "crazies" and more in newly released emails. Lerner used to head the IRS division that handles applications for tax-exempt status. In a series of emails with a colleague in November 2012, Lerner made two disparaging remarks about members of the GOP, including one remark that was profane. House Ways and Means Committee Chairman Rep. Dave Camp, R-Mich., released the emails Wednesday as part of his committee's investigation. Camp says the emails show Lerner's disgust with conservatives. (AP Photo/J. Scott Applewhite, File)

WASHINGTON (AP) — A former IRS official at the center of the agency’s tea party controversy referred to some right-wing Republicans as “crazies” and more in emails released Wednesday. A key GOP lawmaker says the remarks show that Lois Lerner was biased against conservative groups and targeted them for extra scrutiny.

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New Mexico tax holiday starts Friday for shoppers

SANTA FE, N.M. (AP) — New Mexico’s annual tax holiday is approaching and will provide shoppers with savings on purchases of school supplies, computers and some clothing and shoes.

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Despite good news, benefit programs face problems

Health and Human Services Secretary Sylvia Burwell, center, flanked by Treasury Secretary and Managing Trustee Jacob J. Lew, left, and Labor Secretary Thomas E. Perez, speaks at a news conference at the Treasury Department in Washington, Monday, July 28, 2014, to discuss the release of the annual Trustees Reports. (AP Photo/Susan Walsh)

WASHINGTON (AP) — Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security’s disability program is already in crisis as it edges toward the brink of insolvency.

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