SEC Official Prepares Proposal for Switching to IASB Rules
| Feb. 21, 2012: |
James Kroeker, chief accountant at the Securities and Exchange Commission, said he is optimistic abo...
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Automatic 2013 Tax Hikes Could Trigger Recession, Some Experts Warn
| Feb. 20, 2012: |
Economists and congressional staffers are warning about what could happen in the U.S. in 2013 when a...
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Elite Pro Athletes Can Make 10 Times What Their Teammates Earn
| Feb. 17, 2012: |
Professional athletes are paid far more today than in earlier decades. Even when taking inflation in...
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Homebuilder Confidence Index Reaches a 4-year High
| Feb. 16, 2012: |
Homebuilder confidence rose to 29 from 25 on the National Association of Home Builders/Wells Fargo H...
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Government and banks announce $25 billion settlement
| Feb. 10, 2012: |
State and federal government officials reached a $25 billion settlement with major banks over forecl...
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U.S. Companies Plan to Invest Domestically as Economy Warms Up
| Feb. 9, 2012: |
Companies are planning to increase domestic spending as the U.S. economy shows signs of improving. C...
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Study Predicts Better Earnings if IFRS is Mandated in U.S.
| Feb. 6, 2012: |
U.S. public companies could get an earnings boost if the Securities and Exchange Commission mandates...
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Federal Initiatives Attempt to Broaden Retirement Plan Options, Transparency
| Feb. 3, 2012: |
Initiatives announced Thursday by the U.S. Treasury and Labor departments are crafted to increase op...
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Study: More CEOs Seeking Value in Human Dimension of Business
| Jan. 31, 2012: |
CEOs are placing more emphasis on nonfinancial aspects of their businesses as they chart their futur...
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Consumer Confidence Index Hits Highest Level in Nearly a Year
| Jan. 30, 2012: |
Consumer confidence was at its highest in nearly a year last month, according to the Thomson Reuters...
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"Risk Appetite" Monitoring Essential, Paper Says
| Jan. 23, 2012: |
To balance risks and opportunities, organizations should develop, communicate and monitor "risk appe...
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30-Year U.S. Mortgage Rate Falls to Record Low
| Jan. 20, 2012: |
The average interest rate for 30-year fixed-rate mortgages in the U.S. fell to 3.88% this week, a hi...
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Prosecutors Intensify Investigation of S&P
| Jan. 17, 2012: |
Federal prosecutors are moving faster in their investigation into possible misconduct by credit rati...
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Quiz: How Well Do You Understand the Country's Fiscal Issues?
| Jan. 12, 2012: |
While you may read, watch or listen to the latest government financial news, how well do you underst...
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Fed Gives Treasury $76.9 Billion in Securities Profit
| Jan. 11, 2012: |
The Federal Reserve's portfolio of securities yielded a strong profit in 2011. The Fed transferred $...
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Low-paying Jobs Dominated December Employment Growth
| Jan. 9, 2012: |
The U.S. economy added 200,000 jobs in December, the Bureau of Labor Statistics said, but 44% of the...
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U.S. Gained 200,000 Jobs in December
| Jan. 6, 2012: |
The U.S. economy added 200,000 jobs in December, the Labor Department announced. Unemployment fell t...
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2011 Tax Filings Will be Due April 17
| Jan. 5, 2012: |
The Internal Revenue Service extended the filing deadline for 2011 taxes to Tuesday, April 17. This...
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Deal Makers are Increasingly Optimistic About 2012
| Jan. 3, 2012: |
Steadier credit and stock markets add to confidence that this year will be better for mergers and ac...
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Government's Role in Mortgage Finance is Expanding, Not Contracting
| Dec. 30, 2011: |
Congress began 2011 with plans to reduce the government's role in mortgage finance. Instead, the gov...
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U.S. Has Advantages That Will Help Solve its Fiscal Problems
| Dec. 29, 2011: |
The financial situations of the U.S. and Europe can seem frighteningly similar, with both having hig...
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Government Pay Increases Slightly More Than in Private Sector
| Dec. 28, 2011: |
Federal employees' pay rose at a slightly higher pace than their private-sector counterparts over th...
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Expect More Corporate Spinoffs in 2012, Experts Say
| Dec. 21, 2011: |
Some experts expect more corporate spinoffs in 2012. One motivating factor will be many companies' b...
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Clarity, Agility are Goals of Revamped COSO Internal Control Framework
| Dec. 20, 2011: |
The Committee of Sponsoring Organizations of the Treadway Commission released an exposure draft Mond...
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Natural Disasters Cost a Record $350 Billion This Year, Swiss Re Says
| Dec. 16, 2011: |
This year set a record for the cost of natural disasters worldwide. Japan's tsunami, earthquakes in...
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Senate Deadlock Revives Risk of U.S. Government Shutdown
| Dec. 15, 2011: |
Cabinet secretaries began warning federal employees about an impending federal government shutdown,...
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Small-Business Hiring is Up, November Survey Shows
| Dec. 14, 2011: |
Small businesses plan to hire more, according to a November survey by the National Federation of Ind...
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Transaction Tax Would Hurt Financial Sector and Cut Jobs, Report Says
| Dec. 13, 2011: |
A financial-transaction tax backed by Democratic lawmakers would weaken the U.S. as a global financi...
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U.S. Unemployment Falls to 8.6%, a 32-Month Low
| Dec. 2, 2011: |
The U.S. unemployment rate fell to 8.6% in November, the lowest since March 2009. Nonfarm jobs rose...
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Central Banks Try to Ease Funding Woes as Crisis Continues
| Dec. 1, 2011: |
The Federal Reserve led several central banks in cutting dollar-borrowing costs for banks as officia...
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Pension Gap Leads Companies to Rethink Investment Strategy
| Nov. 30, 2011: |
The third quarter of 2011 was the second-worst ever for corporate pension liabilities, topped only b...
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European banks trigger global credit squeeze
| Nov. 29, 2011: |
As European banks reduce lending to hold onto cash, businesses worldwide are seeing credit sources d...
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Record Number of Shoppers Seen on Long Holiday Weekend
| Nov. 28, 2011: |
Earlier openings and aggressive promotions paid off for U.S. retailers during Thanksgiving weekend,...
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12 States Show Significant Drop in Unemployment
| Nov. 23, 2011: |
Alabama, Michigan, Minnesota, South Carolina and Utah posted the most significant drops in unemploym...
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Deficit-Reduction Panel's Failure Ensures Spending Cuts
| Nov. 22, 2011: |
One consequence of failure by the congressional deficit-cutting committee is that with no further ac...
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Study: Workers' Health Care Premiums Rose 63% in 7 Years
| Nov. 18, 2011: |
A study by the Commonwealth Fund shows that employee health insurance premiums increased 63% from 20...
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Household Formation Falls as Young Adults Move Back Home
| Nov. 17, 2011: |
More recent college graduates are moving in with their parents to save money, and the trend is slowi...
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Canada, Mexico Join U.S. in Call for Trans-Pacific Trade Agreement
| Nov. 14, 2011: |
Canada and Mexico said they support President Barack Obama's proposal to negotiate a trans-Pacific f...
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Unemployment and Trade Data Suggest Stronger U.S. Growth
| Nov. 11, 2011: |
New claims for unemployment benefits dropped last week for the second consecutive week, to the fewes...
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Report: Few Small Businesses Claim Health Care Tax Credit
| Nov. 10, 2011: |
The number of small businesses claiming tax credits for health care costs is much lower than anticip...
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State and Local Governments Outsource Services to Cut Labor Costs
| Nov. 7, 2011: |
Facing continued budget pressure, some state and local governments are using contract labor to trim...
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America's Student Loans Could be Next Bubble to Pop
| Nov. 2, 2011: |
The Federal Reserve Bank of New York estimates that outstanding U.S. student-loan debt is at least $...
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U.S. Social Security Goes "Cash Negative"
| Oct. 31, 2011: |
Social Security will add $46 billion to the U.S. budget problem this year, a figure that would incre...
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U.S. Economy Grew at 2.5% Annual Rate in Q3
| Oct. 27, 2011: |
Gross domestic product rose at the annual rate of 2.5% in July, August and September, the U.S. Comme...
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Recession Changed U.S. Consumer Spending
| Oct. 26, 2011: |
How Americans spend their money has changed significantly since 2007, as illustrated by The Economis...
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States Continue to Increase Sales and Use Taxes
| Oct. 24, 2011: |
In the third quarter, states made 202 changes in sales and use taxes, most of which were increases,...
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Deficit-reduction Panel Remains Stuck on Taxes
| Oct. 20, 2011: |
The congressional Joint Select Committee on Deficit Reduction is stuck on the issue of taxes. If the...
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Analysis: Economy and Regulation Expected to Slow M&A Deals
| Oct. 19, 2011: |
Mergers and acquisitions worldwide were up 22% in the 12 months ended in August, according to Thomso...
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Six Steps to Qualifying for a Home Office Deduction
| Oct. 18, 2011: |
The rules for qualifying for a home office deduction are complex, but with more Americans working ou...
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U.S. Retail Sales Increased 1.1% Last Month
| Oct. 17, 2011: |
Retail sales rose the most in seven months in September, the Commerce Department said. Overall sales...
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Initial Jobless Claims, U.S. Trade Deficit Fall
| Oct. 14, 2011: |
The U.S. trade deficit narrowed in August and the number of initial unemployment claims was down sli...
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Economist Puts Odds of Double-dip Recession at 40%
| Oct. 12, 2011: |
There is a 40% chance that the U.S. will enter another recession, says Mark Zandi, an economist with...
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White House Calls for More Foreign Investment in U.S.
| Oct. 10, 2011: |
The U.S. must do a better job of persuading rapidly growing countries such as Brazil, China and Indi...
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Banks Repaid TARP with Funds Meant for Small-business Loans
| Oct. 6, 2011: |
The Small Business Lending Fund disbursed about $4 billion to boost small-business lending. However,...
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States Turning to Treasury Offset Program to Collect Tax Debts
| Oct. 5, 2011: |
Tax practitioners should be aware of a growing trend: States are using the Treasury Offset Program t...
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Few Countries Increased Top-level Personal Income Tax Rates
| Oct. 4, 2011: |
Only 11% of 96 countries studied by KPMG raised top personal income tax rates in the past year, even...
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M&A Dropped 18% in Q3, Dealogic Finds
| Oct. 3, 2011: |
Fears of another recession, sovereign-debt problems and market volatility led to a decline in merger...
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Fewer Jobless Claims and Higher GDP Brighten U.S. Prospects
| Sep. 30, 2011: |
Two government reports offered some relief from bad news about the economy. The Labor Department rep...
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Long-term Joblessness is "National Crisis," Bernanke Says
| Sep. 29, 2011: |
Federal Reserve Chairman Ben Bernanke called long-term unemployment a "national crisis" and called o...
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Employers' Health-plan Premiums are Up 9% This Year
| Sep. 28, 2011: |
The average family premium for an employer-sponsored health care plan is up 9% this year, to more th...
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Bipartisan Deal Would Prevent U.S. Shutdown, Senate Leaders Say
| Sep. 27, 2011: |
Senate leaders said they reached a compromise that would prevent a government shutdown after spendin...
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Global Economic Problems Indicate Possibility of Double-dip Recession
| Sep. 26, 2011: |
Low consumer confidence, falling manufacturing activity in China and Europe, and a U.S. economy that...
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Obama Plan Would Reduce Deficit by $3.2 Trillion
| Sep. 19, 2011: |
President Barack Obama will propose a plan to cut the deficit by $3.2 trillion over 10 years, admini...
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U.S.Home Foreclosures Were Up 7% in August
| Sep. 16, 2011: |
U.S. lenders accelerated residential foreclosures last month, according to data provider RealtyTrac....
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U.S. Retail Sales Stood Still in August
| Sep. 15, 2011: |
Retail sales were flat last month as consumers spent less on cars, clothes and furniture, the Commer...
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President's Jobs Bill Contains Many Tax Provisions
| Sep. 13, 2011: |
President Barack Obama's American Jobs Act contains both tax breaks and tax increases among its many...
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Remembering the Heroes of 9/11
| Sep. 12, 2011: |
On the 10th anniversary of the Sept. 11 terrorist attacks, the AICPA respectfully remembers all...
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U.S. Companies Report Job Openings But Little Hiring
| Sep. 8, 2011: |
The number of job openings at U.S. companies was more than 50% higher in July this year compared to...
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Growth of U.S. Services Sector Accelerated in August
| Sep. 7, 2011: |
Economists were surprised by data showing that expansion of the U.S. services sector picked up in Au...
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Analysis: U.S. employment report was shocking
| Sep. 6, 2011: |
The U.S. Labor Department's report that nonfarm payrolls were unchanged in August came as a shock, a...
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Payrolls Were Stagnant in August; Jobless Rate Remains 9.1%
| Sep. 2, 2011: |
U.S. payrolls were largely the same in August as in July, according to Labor Department data release...
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Amazon Offers California Lawmakers a Compromise on Tax Issue
| Sep. 1, 2011: |
Amazon.com offered a compromise to California lawmakers: If they repeal a law requiring out-of-state...
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Emerging Markets Preferable to Developed Economies, PIMCO's Gross Says
| Aug. 31, 2011: |
A possible "developed economy" recession in the U.S. and Europe is leading PIMCO's Bill Gross to fav...
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Consumer Spending in U.S. Rose 0.8% in July
| Aug. 30, 2011: |
U.S. consumer spending in July climbed 0.8%, the most in five months, signaling that the economy is...
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Report Says Offshore Profits Have Tripled Since Last Tax Holiday
| Aug. 29, 2011: |
Twenty of the largest U.S. multinationals tripled their offshore profits in the past five years, a C...
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AICPA selects Brandon Allfrey of Squire & Company, PC to attend 2011 Leadership Academy
| Aug. 29, 2011: |
“New York, NY - AICPA selects Brandon Allfrey of Squire & Company, PC to attend 2011 Leadership Ac...
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Small Businesses are More Confident in the Economy
| Aug. 26, 2011: |
Small businesses are more optimistic about the economy, according to a quarterly survey by Capital O...
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CBO's Projections Raise Stakes for Deficit Committee
| Aug. 25, 2011: |
The Congressional Budget Office predicted that unemployment will remain high, making the task of the...
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U.S. Reluctance On IFRS Could Influence Other Nations, Group Says
| Aug. 24, 2011: |
U.S. officials have been reluctant to adopt the International Financial Reporting Standards, which c...
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Baby Boomers' Stock Sales Could Hold Down Values, Fed Paper Warns
| Aug. 23, 2011: |
A paper issued by the Federal Reserve Bank of San Francisco says that as baby boomers finance retire...
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Fed Lent as Much as $1.2 Trillion to Companies During Crisis
| Aug. 22, 2011: |
As the financial crisis threatened to plunge the U.S. into depression, the Federal Reserve lent bank...
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