The IRS estimates it will raise more than $50 billion over the next decade by closing a loophole often exploited by wealthy filers seeking to avoid paying taxes. The loophole allows such taxpayers, as well as businesses, to move assets between entities in a way that authorities say has no economic purpose. Deputy Treasury Secretary Wally Adeyemo called the practice “really just a shell game" in a statement. The use of such pass-through businesses has nevertheless increased 70% from 2010...

For many U.S. parents seeking help for a child with obesity, the most widely-endorsed treatment is out of reach - and it's not the popular weight-loss drug Wegovy. Leading medical groups recommend intensive behavioral counseling - 26 hours within one year - to teach children and their families practical ways to eat healthier and move more. But these programs are not widely available, and wait lists can run for several months. They are often not covered by health insurance and require a...

Ten days before they meet, the current and former presidents of the United States have cut a final deal on the format, timing and rules of their first debate on June 27 in Atlanta. CNN confirms that the campaigns of President Joe Biden and former President Donald Trump have agreed to a set of rules that have never been used in past debates, including no audience, no notes, no help from aides and no interrupting the other man. To enforce the “no interruption” rule, CNN will mute the...

Fans heading to Yankee Stadium hoping to pay in cash at the iconic ballpark for their favorite concessions have been thrown a curveball: go cashless or pay extra. As the Wall Street Journal reports, Noa Khamallah, a 41-year-old New Yorker, found out the hard way. Looking to enjoy some popcorn and soda at a game, Khamallah was shocked to discover that his cash was as good as obsolete. Instead, he was directed to a "reverse ATM," where he inserted $200 only to receive...

CNN issued several controversial presidential debate rules over the weekend that will govern the encounter between former President Donald Trump and President Joe Biden on June 27. The new rules come after Trump said in March he would debate Biden anywhere, anytime, and anyplace, putting pressure on Biden to participate in the event. The Biden campaign agreed in May to a total of two debates that would be closely regulated. It demanded a ban on audiences and approved CNN’s...

With less than two weeks until the first presidential debate, CNN announced the rules agreed on by both President Joe Biden and Donald Trump's campaigns. They include microphone muting, a coin flip and more when the two candidates face off at the network's Atlanta studio on June 27. The debate, which is being moderated by CNN anchors Jake Tapper and Dana Bush, will run for approximately 90 minutes with two commercial breaks. There will be no live studio audience,...

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