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Game changer: Swiss banks ditch secrecy

Game changer: Swiss banks ditch secrecy

Switzerland, the world’s largest offshore wealth center, worth an estimated $2.2 trillion in assets, has signed an agreement to share financial information with nearly 60 other countries, which could completely…

Newly-designed $100 bill to finally reach the public Tuesday

Newly-designed $100 bill to finally reach the public Tuesday

The newly-designed $100 bill with strengthened authentication safeguards will go public on Tuesday, the bill’s first redesign since 1996 and two years behind schedule. Benjamin Franklin’s image on the $100…

US govt shuts down for 1st time in 17 years as budget talks fail

US govt shuts down for 1st time in 17 years as budget talks fail

The US federal government is partially shutting down after the Congress failed to fund its work amid a Republican drive to defund the Obamacare healthcare program. President Obama addressed to…

US blows out $16.7 trillion debt limit

US blows out $16.7 trillion debt limit

The US Treasury has already exceeded the federal legal borrowing limit of $16.7 trillion in May. That signals the main structural problems remain unresolved putting at risk the fragile recovery.…

IRS expected to target small businesses this year

IRS expected to target small businesses this year

Americans who get paid in cash and own a small business are at high risk of being audited – especially if they live in wealthy suburbs: the IRS is going…

Cypriot parliament approves ‘solidarity fund,’ allows capital controls

Cypriot parliament approves ‘solidarity fund,’ allows capital controls

In a bid to secure an EU bailout, the Cypriot parliament has adopted laws creating a “solidarity fund” to pool assets as the basis for an emergency bond issue and…

‘Sequester reflects Washington’s ugly political deadlock’

‘Sequester reflects Washington’s ugly political deadlock’

Poor Americans will be the first to suffer from the looming sequester budget cuts, Margaret Bogenrief of ACM Partners told RT. The harsh budget cuts are set to begin in…

Senators give Big Pharma huge present at taxpayers’ expense

Senators give Big Pharma huge present at taxpayers’ expense

The bill that averted the fiscal cliff included a largely unnoticed section that granted world’s largest biotechnology firm a two-year delay in regulations of its drugs – even though the…

Senate Deal Keeps Most Tax Cuts

Senate Deal Keeps Most Tax Cuts

The White House and Mitch McConnell have reached a tentative deal early New Year’s Day. The measure would raise taxes by about $600 billion over 10 years and delay for…

Worst Congress ever back to Washington to avoid government shutdown

Worst Congress ever back to Washington to avoid government shutdown

As US lawmakers return to work on Monday after a five-week recess, they will push aside big issues to once again try to avert a government shutdown before Sept. 30,…

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