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Senate closer to ending standoff over Homeland Security funding

February 26th, 2015  // News

In a 98-2 vote, the Senate swept away procedural obstacles that could prevent a swift final vote on funding for the Department of Homeland Security, which will run out of money Friday. Senate Democrats said they will vote for a measure backed by Senate Majority Leader Mitch McConnell, R-Ky., that deals only with the funding issue. Read more

Yellen eyes labor market, inflation for interest rate’s future

February 26th, 2015  // News

With the U.S. job market still gaining strength and inflation low, the Federal Reserve is not yet ready to raise interest rates from near-zero levels, Fed Chair Janet Yellen told the Senate banking committee as she delivered the Fed's semiannual economic report. Investors were pleased to hear Yellen say the Fed will be patient on rates as the economy continues to improve. Read more

Economy would be hit by DHS partial shutdown, Obama says

February 24th, 2015  // News

If Congress allows funding authority for the Department of Homeland Security to expire Friday, the U.S. economy and national security will be directly affected, President Barack Obama says. Essential personnel would still report to work, but more than 100,000 agents for border patrol, airport security and port inspection would not be paid, he says. Read more

Economy would be hit by DHS partial shutdown, Obama says

February 24th, 2015  // News

If Congress allows funding authority for the Department of Homeland Security to expire Friday, the U.S. economy and national security will be directly affected, President Barack Obama says. Essential personnel would still report to work, but more than 100,000 agents for border patrol, airport security and port inspection would not be paid, he says. Read more

Labor Department to submit retirement account adviser rule

February 23rd, 2015  // News

The Labor Department is expected to submit a proposal that would strengthen standards for brokers who recommend retirement investments. The rule will be submitted to the Office of Management and Budget, and will be available for public comment after it is approved and published. Read more

Wal-Mart adopts $9 hourly minimum wage for 40% of staff

February 20th, 2015  // News

Advocates for low-wage workers applauded a decision by Wal-Mart Stores, the biggest private-sector employer in the U.S., to establish a $9 hourly minimum wage, $1.75 above the federal minimum wage, for almost 40% of its U.S. employees. The action could pressure other retailers to raise wages. Read more

New Tangible Property Regulations – Will your business be affected?

February 20th, 2015  // News

The IRS recently finalized mandatory regulations to distinguish capital expenditures from supplies, repairs, maintenance, and other deductible expenses – commonly known as the Repair Regulations. Read more

FASB, IASB to propose revenue recognition clarifications

February 19th, 2015  // News

The Financial Accounting Standards Board and International Accounting Standards Board agreed Wednesday to propose revisions to the language of their converged revenue recognition standard. Some financial statement preparers have asked for additional guidance to aid their implementation. Read more

Key takeaways about the state of risk management

February 18th, 2015  // News

Companies continue to struggle to integrate risk oversight efforts with strategic-planning processes, according to a new survey. Senior finance executives say their organizations are often not in alignment about the need for structured enterprise risk management, a survey on behalf of the AICPA shows. Read more

Obama’s immigration order halted by federal judge

February 17th, 2015  // News

U.S. District Judge Andrew Hanen in Brownsville, Texas, temporarily blocked the federal government from implementing President Barack Obama's executive order protecting millions of undocumented immigrants from deportation. The judge said the administration failed to meet requirements of the Administrative Procedure Act. Read more

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