IRS Tax Support

The Senate moved Friday against the worsening mortgage crisis, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.
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The legislation, approved 93-1, would allow the Federal Housing Administration to back refinanced loans for borrowers who are delinquent on payments [...]

A record jump in gasoline prices pushed wholesale inflation up at the fastest pace in more than three decades in November, while retail sales showed unexpected strength.
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Democratic presidential hopefuls called for higher taxes on the highest-paid Americans and on big corporations Thursday and agreed in an unusually cordial debate that any thought of balancing the federal budget would have to wait.
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“We’re not going to be able to dig ourselves out” of Bush-era deficits in [...]

Stocks rose but came well off their highs Wednesday after a burst of enthusiasm dissipated over a Federal Reserve plan to work with other central banks to alleviate a global credit crisis. The Dow Jones industrials, which at one point had been up more than 270 points, rose about 60.
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