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IRS is in 'crisis,' facing massive backlog as new tax season starts

4 years 9 months ago
The Internal Revenue Service had more than 11 million unprocessed tax returns left over from the "most challenging year" taxpayers ever experienced and will begin the upcoming filing season already behind, according to a report from the National Taxpayer Advocate released Wednesday.

If prices keep rising, a nightmare economic scenario is a real possibility

4 years 9 months ago
There's no denying it: Inflation is here. Consumer prices surged 7% over the past year. Housing prices have continued to soar, too. But the question on the minds of many economists and Wall Street strategists is whether something even worse could be in the cards: prices rising as the economy slows.

US cancer deaths on decline

4 years 9 months ago
Cancer mortality rates have been dropping for nearly two decades, aided by "major progress" in the early detection and treatment options for lung cancer, according to the American Cancer Society's annual report on cancer statistics, published Wednesday.

The big test for inflation is 12 months away

4 years 9 months ago
Investors are bracing for a report Wednesday expected to show that annual consumer inflation in the United States has climbed to 7% as prices rise at the fastest clip in nearly four decades.

Analysis: Why the GOP isn't likely to lose Senate seats in 2022

4 years 9 months ago
Wisconsin's Republican Sen. Ron Johnson announced he was running for reelection on Sunday. That should be viewed as good news by Republicans, who need a net gain of just one seat in this year's midterm elections to wrestle Senate control from the Democrats.
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