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Monday, September 21, 2020
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Banking Tax day extension

Tax day extension

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

The U.S. government is delaying tax day in response to the growing coronavirus pandemic, giving Americans an extra 90 days to pay their bill. The IRS was expecting more than 150 million individual tax returns this filing season. The vast majority come in before the traditional April 15th deadline, but the move still provides a breather to many Americans. People who file early in the season are typically those who are due a refund, while taxpayers with more complex situations and those who owe tending to file later. As of March 6, the IRS had received almost 68 million returns, less than half the number they anticipate for the season. The move is aimed at injecting as much as $300 billion into the economy at a time when the country is in danger of being pushed into a recession by the coronavirus. Treasury Secretary Steven Mnuchin said individuals will be able to delay paying up to $1 million in payments while corporations will be able to defer payment on up to $10 million. The IRS and Treasury are expected to release more details on the effort soon. At this point, Americans are still expected to file their taxes; only payment is delayed.

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Latest News

High-speed train between Dallas and Houston gets federal approval

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Democrats unveil temporary funding bill to avert shutdown

By ANDREW TAYLOR Associated Press WASHINGTON (AP) — Democrats controlling the House unveiled a government-wide temporary funding bill on...

Bank shares slide on reports of rampant money laundering

By The Associated Press Shares of some major banks are tumbling before the market open Monday following a report...

From abortion access to immigration, the battle over the open Supreme Court seat will affect Texas for a generation

By Abby Livingston, The Texas Tribune Sept. 20, 2020 "From abortion access to immigration,...

Initial public offerings scheduled to debut next week

Sep 18, 2020 3:00PM (GMT 20:00) - 90 words NEW YORK (AP) — The following is a list of initial...