Rep. Jose Serrano (D-NY) said the IRS needs more funding, yet acting IRS Commissioner Danny Werfel said the solution is “not more money.”
Summer is the season for big budget blockbuster movies. Accordingly, Bankrupting America will review some of the latest and greatest budget busters in our new series, Debtflix as anticipation builds to the event of the summer: the debt ceiling. Between 2010 and 2012, the IRS spent $50 million on 220 conferences and a number of cheesy movies. What better way to kick off the season with an IRS marathon featuring the “Cupid Shuffle”?
What are the dangers of dependence on foreign debt? Gretchen Hamel, executive director of Public Notice, discusses on 970 WFLA’s AM Tampa Bay.
Yesterday, the Washington Post reported that the U.S. Treasury’s is considering issuing floating-rate 2-year bonds. As a point of reference, the last time the government issued a new type of government debt was in 1997.