Tax changes would boost IRS monitoring of cryptocurrency use
Among the proposed changes, businesses that receive “cryptoassets” with a fair market value of more than $10,000 would have to report it to the IRS.
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Ford betting big that fans of F-150 pickup will embrace electric
Ford is taking a significant risk by sinking so much capital into an electric version of a pickup that commands a huge and loyal following. In a typical year, Ford sells about 900,000 F-series trucks. It has been America’s top-selling vehicle for nearly four decades.
Buttigieg reinstates local hiring program piloted in Obama era
Transportation Secretary Pete Buttigieg on Wednesday brought back a program that aims to aid minority and disadvantaged people by ensuring local hiring for public works construction projects, reversing a decision by the Trump administration.
Biden plan would pick winners, losers in move to green jobs
President Joe Biden’s $2.3 trillion infrastructure plan calls for investments in industries such as electric vehicles and semiconductors. Critics say the plan gives the government too much involvement in decisions better made by the private sector.
IRS to the rescue? Tax audits eyed for infrastructure cash
President Joe Biden is proposing that Congress build up the depleted and often-maligned agency, saying that a more aggressive collection of unpaid taxes could help cover the cost of his multitrillion-dollar plan to boost infrastructure, families and education.
Restaurants eating up federal COVID relief
As the pandemic subsides, local eateries are hopeful that a new coronavirus relief program, the Restaurant Revitalization Fund, will help them emerge intact.
More than 1.9 million people could see severe cuts in unemployment aid as Republicans seek to curb assistance
Indiana is not among the states cutting workers off from federal benefits. But on Thursday, Sen. Mike Braun, R-Ind., encouraged states to “pull the plug” on the benefits.
Biden signs executive order designed to strengthen federal digital defenses
The order directs the Commerce Department to craft cybersecurity standards for companies that sell software services to the federal government – a move that officials say they hope will ripple across the private sector.
Suit challenges priority of federal restaurant aid for women, minorities
A conservative legal outfit claims the prioritization of restaurants and bars owned by women and certain minorities is pushing white men “to the back of the line” for aid for their eateries.
Emergency program to give people $50 off monthly internet bill
It’s unclear how long the money will last but it’s expected to be several months. Tens of millions of people are eligible.
White House to work with states on reimposing work-search requirements
States waived their work requirements for unemployment benefits at the start of the pandemic, but about 30 of them have reimposed or are planning to reimpose them. Gov. Eric Holcomb announced Friday that Indiana would do the same.
After cyberattack, pipeline operator promises return by week’s end
The attack underscored the vulnerabilities of the nation’s energy sector and other critical industries whose infrastructure is largely privately owned.
Treasury to start paying out $350B in state, local aid
The funding could provide a jolt of growth after the unemployment rate ticked up slightly to 6.1% in April, a sign of how difficult it can be to restart an economy despite an unprecedented degree of federal assistance.
GOP governors slash jobless aid to try to force more Americans to return to work
An unexpected slowdown in hiring nationwide has prompted some Republican governors to start slashing jobless benefits. On Friday, Indiana Gov. Eric Holcomb said he would consider whether the state should continue to participate in federal pandemic unemployment programs.
Holcomb to reinstate job-seeking rule for unemployed, study whether to ax federal benefit
Unemployed Hoosiers are currently receiving $300 per week from the federal government in addition to state benefits. The federal program also expanded who is eligible for unemployment.
Small business COVID-19 relief program runs out of money
As of Sunday, the Paycheck Protection Program had given out nearly 10.8 million loans worth more than $780 billion since April of last year.
Biden repeals Trump-era rule on gig workers
The Biden administration nullified a Trump-era rule Wednesday that would have made it easier to classify workers as independent contractors, blocking a change supported by delivery and ride-hailing services.
Biden aims for vaccinating 70% of adult Americans by July 4
The new goal comes as demand for vaccines has dropped off markedly nationwide, with some states leaving more than half their vaccine doses unordered.
Biden quadruples Trump refugee cap after delay backlash
Refugee resettlement agencies have waited for Biden to quadruple the number of refugees allowed into the United States this year since Feb. 12, when a presidential proposal was submitted to Congress saying he planned to do so.
EPA to propose phasing down hydrocarbons by 2036
Widely used in refrigeration as well as residential and commercial air conditioning and heat pumps, HFCs were developed as a substitute for chemicals that depleted the Earth’s protective ozone layer.