The hearing is two hours and 20 minutes. Chair Wyden Finance Committee will come to order. Today the Committee Meets to discuss tax Filing Season, which closed yesterday. I think thank commissioner werfel for being here at a busy time for everybody in the agency. There are lots of issues to discuss, and one that certainly is important to the American People is direct file. Anyone who denies that the direct file was a huge success, my guess is just living in another universe. It is open to a fairly small percentage of taxpayers, but the reviews it got from its initial users were overwhelmingly positive. It seems like a whole lot of people were very stunned that a federal agency, particularly one as frequently vilified as the irs, was able to build a helpful website that works. Tens of thousands of taxpayers who use direct file this year collectively save millions on fees that they wouldve paid to one of the tax software giants. Website is userfriendly. It is quick and easy to use and di
Used to modernize the agency. The hearing is two hours and 20 minutes. Chair Wyden Finance Committee will come to order. Today the Committee Meets to discuss tax Filing Season, which closed yesterday. I think thank commissioner werfel for being here at a busy time for everybody in the agency. There are lots of issues to discuss, and one that certainly is important to the American People is direct file. Anyone who denies that the direct file was a huge success, my guess is just living in another universe. It is open to a fairly small percentage of taxpayers, but the reviews it got from its initial users were overwhelmingly positive. It seems like a whole lot of people were very stunned that a federal agency, particularly one as frequently vilified as the irs, was able to build a helpful website that works. Tens of thousands of taxpayers who use direct file this year collectively save millions on fees that they wouldve paid to one of the tax software giants. Website is userfriendly. It i
And dialup shares slide after the german chip maker says apple could design the car chips in the next few years. Takinga look at the European Market this morning you can see there is a lot of green on the board there across the europe 600 you can see a rise of almost 3 4 of 1 if you look at the specific sectors driving that upwards movement we can have a look right across some of those sectors in particular industrials doing very well this morning. Up almost 1 1 4 and take a look at the European Markets across the wide sector. Ftse 100 there up 4 5 of 1 . The cac karant up 1 lets talk about trump and tax in the United States he says confidently theyll reach a deal after the Senate Approved its version of the legislation over the weekend the plan includes cuts to individual taxes and the corporate rate by nearly 1. 5 trillion over the next decade but it eliminates some popular tax breaks a Nonpartisan Group says it could add 1 trillion to the deficit. Theyre reconciling their respective
Franken formally submitted his senate Resignation Letter to the government of minnesota. Tina smith will take over. Iranians were using instagram to website telegram facilitate protests. The United Nations security installed six new members today on the 15 member council. Andtries including the u. S. Russia and the u. K. Are permanent members, whereas others rotate on twoyear terms. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Julia live from bloombergs World Headquarters in new york, i am julia chatterley. Scarlet i am scarlet fu. Joe i am joe weisenthal. Julia we are 30 minutes from the close of trading. Joe the question is, whatd you miss . Scarlet senator orrin hatch, the longest serving republican senator in u. S. History to retire at the end of his term. How much will the economy grow now that the tax cut is a done deal . Thiel reportedly bitcoin,bank on criminals are loading up on a
Good morning its still moving to the westnorthwest it will continue that track through bahamas and cuba these are the spaghetti plots. The actual track has it looking like it will make a landfall in south florida going into early sunday morning between now and then you will start to see conditions deteriorate you have really the rest of the day today if youre in key west f youre in south florida to finish preparations and get evacuations underway alerts going on. A hurricane warning issued overnight for south florida in the purple also for the bahamas, the northern coast of cuba as well and still for the Dominican Republic this is a huge storm out there thats making its way close to the continental United States. If did downgrade to a category 4 storm, but i want to talk about that what its doing now is going through an eyewall replacement cycle. So its weakening because the thunderstorms right outside the eyewall are growing stronger than the thunderstorms around the eyewall, its kind