News

The Federal Reserve has raised its benchmark short-term interest rate for the first time in almost a decade, citing the strength of the economic recovery. The rate will increase by a quarter of a percentage point. As the Fed pursues […]

US companies added 211,000 workers to nonfarm payrolls in November, according to the Bureau of Labor Statistics, exceeding expectations that 200,000 jobs would be added. The unemployment rate remained unchanged at 5%.

Congressional negotiators have hammered out a $1.1 trillion spending package necessary to keep the federal government running through September. The bill needs to be approved by the House and Senate. Negotiators also reached a deal to extend a package of […]

House and Senate lawmakers say Congress is moving toward a $1.1 trillion omnibus spending bill that could be finalized today. Last week’s continuing resolution expires Thursday, meaning Congress may need to pass another short-term extension to finish and vote on […]

Advertisement DECEMBER 11, 2015 SIGN UP | FORWARD | ARCHIVE | ADVERTISE Brought to you by the American Institute of CPAs   Top Story Advertisement Household net worth fell by nearly $1.2T in Q3 Household net worth in the US […]

For the 11th consecutive quarter, regulatory requirements and changes top the list of challenges cited by CPA decision-makers in business and industry. CFOs and controllers sometimes hire consultants or ask staff to take on extra work to make sure they’re […]

Economists are predicting 2.6% growth in 2016, according to the National Association for Business Economics. That’s down a little from a survey in September, when economists anticipated growth of 2.7%. However, the economists still expect the unemployment rate to fall […]

Negotiators from the Senate and House of Representatives have come to terms on a five-year transportation bill that would also reopen the Export-Import Bank. The bill, which will come to a vote this week, would be financed in part by […]

College graduates’ underemployment rate has fallen to 6.2%, down from a peak of 10.2% during the recession, according to an analysis by Georgetown University’s Center for Education and the Workforce. The underemployment rate for high-school graduates is 12.9%.