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Tax preparers fret over first IRS fees, rules

WASHINGTON (Reuters) - Tax preparers are chewing their pencils as the Internal Revenue Service gets ready to impose the first comprehensive program of fees and rules on the industry’s 730,000 practitioners. Some fear the IRS campaign against tax fraud could squeeze out small, independent businesses and allow large competitors such as H&R Block Inc…

Sen. Bernie Sanders blasts GOP for blocking jobs bill

Sen. Bernie Sanders (I-VT) said Tuesday night on MSNBC’s The Ed Show that it was “beyond his comprehension” how not even one Republican voted for Barack Obama’s American Jobs Act in the midst of the “economic crisis” facing the country. The added that, if anything, the bill did not go…

U.S. sanctions five over Saudi ambassador plot

WASHINGTON — The US Treasury Department on Tuesday announced measures against five individuals allegedly connected to a plot to assassinate the Saudi ambassador to the United States. The five include Manssor Arbabsiar and Gholam Shakuri, two men charged by the Justice Department with the alleged plot to kill ambassador Adel…

‘Occupy’ protests to arrive at London Stock Exchange

LONDON — Protests against corporate power that have taken hold in the United States are to hit Britain on Saturday with a rally in front of the London Stock Exchange, organisers revealed. Occupy London Stock Exchange (OccupyLSX) plans to launch a “peaceful occupation” near the capital’s financial nerve centre, and…

Supreme Court rejects same sex couple’s adoption bid

WASHINGTON — The US Supreme Court turned down a gay couple’s request Tuesday to have both of their names listed as the parents of an adopted boy. The nine justices rejected without comment the appeal by Oren Adar and Mickey Ray Smith, backing a federal appeals court ruling earlier this…

‘Occupy Wall Street’ protest get a thumbs-up from Harry Belafonte

WASHINGTON — Calypso singing legend and social activist Harry Belafonte saluted young Americans behind the Occupy Wall Street movement, saying Tuesday: “We’re lucky we got ‘em.” “I would suggest that they stay the course,” Belafonte, 84, told AFP on his way into a private screening in Washington of “Sing Your…

Throng of people pack D.C. metro after service interruption

A massive swarm of people filled the Rosslyn metro station in Washington, D.C. during a service interruption on Tuesday. The delay occurred after a person was struck by a train at Clarendon station and pinned underneath it. The person was freed and rushed to a local hospital. Watch video, uploaded…

GOP risks recession by blocking Obama jobs bill: Geithner

WASHINGTON — U.S. Treasury Secretary Timothy Geithner warned Republicans that they risk helping to tip the country into recession by failing to back President Barack Obama’s jobs bill late Tuesday. Speaking just before Republican senators joined with Democratic Sens. Ben Nelson and Jon Tester to vote against the $447 billion…

Senate passes China currency manipulation bill

The Senate passed legislation Tuesday aimed at punishing China for alleged currency manipulation, which has been widely blamed for costing American jobs. The bill would require the U.S. to impose tariffs on imports from China to counteract the country undervaluing its currency. China allegedly keeps the value of its currency…

Rep. Eric Cantor: ‘Occupy Wall Street’ pits Americans against Americans

House Majority Leader Eric Cantor on Tuesday said that the ongoing “Occupy Wall Street” demonstration in lower Manhattan pitted Americans against Americans when asked if he regretted calling the protesters a “mob.” “To sit here and vilify one sector of the economy, industries, etc. is not helpful,” he said, according…

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