Vermont is saying a sad goodbye to its hopes of enacting America's first single-payer health care system.
The reason the state says it won't pursue the plan is that it's just too expensive. Even Democratic Gov. Pete Shumlin, who hoped the system would be a highlight of his political career, agrees that the tax hikes necessary to fund the system would have been prohibitive.
The new defense spending bill includes $120 million for tanks that the Army has repeatedly said it doesn't want.
For three years, the Army in numerous Congressional hearings has pushed a plan that essentially would have suspended tank building and upgrades in the U.S. for the first time since World War II. The Army suggested that production lines could be kept open through foreign sales.
Each time, Congress has pushed back. Last week, Congress won again in the National Defense Authorization Act (NDAA) for Fiscal Year 2015.
A year and a half after seizing $33,000 from a small-business owner who supposedly deposited the cash incorrectly, the Internal Revenue Service has reluctantly agreed to give the Iowa woman her money back.
The IRS seized Carole Hinders' cash through civil forfeiture, which lets the government take money it believes was illicitly obtained even if its owner hasn't been convicted of a crime or even charged with one.
In major cities throughout the United States, taxi medallion prices are tumbling as taxis face competition from car-service apps like Uber and Lyft.
The average price of an individual New York City taxi medallion fell to $872,000 in October, down 17 percent from a peak reached in the spring of 2013, according to an analysis of sales data. Previous figures published by the city’s Taxi and Limousine Commission — showing flat prices — appear to have been incorrect, and the commission removed them from its website after an inquiry from The New York Times.
Washington (AFP) - The relentless fall in oil prices and Russia's plunging currency pose big challenges as the US Federal Reserve opens a two-day meeting Tuesday.
The Fed's last meeting of 2014 was expected to confirm its path toward monetary policy normalization after holding its base interest rate at the zero level for six years to bring the country out of the Great Recession.
The Social Security Administration, which announced in April that it would stop trying to collect debts from the children of people who were allegedly overpaid benefits decades ago, has continued to demand such payments and now defends that practice in court documents.
After The Washington Post reported in April that the Treasury Department had confiscated $75 million in tax refunds due to about 400,000 Americans whose ancestors owed money to Social Security, the agency’s acting commissioner, Carolyn Colvin, said efforts to collect on those old debts would cease immediately.
If you live in Hong Kong, Singapore, Australia or Switzerland, the answer is yes. If you live in Zimbabwe, Cuba or North Korea, then no. And if you live in the United States, your economic freedom is slipping away—with dire consequences.