IRS offers $266 million to reclaim late stimulus checks
The IRS announced an emergency plan to send about 400,000 unclaimed stimulus and refund checks worth roughly $266 million. Missing addresses and undeliverable mail have delayed payments. taxpayers urged to update addresses by November 28 and use the Where's My Stimulus Payment tool or call helplines for status and instructions.
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Washington, D.C
IRS
Internal Revenue Service
Doug Shulman
Congress
U.S. Postal Service
Irs. Gov
Global crisis fuels European Asian leaders summit in Beijing
In Beijing EU Commission President Barroso urged unprecedented global coordination to tackle the financial meltdown ahead of talks with Chinese leaders. In Washington Michigan lawmakers urged using the 700 billion bailout to buy troubled auto assets to aid automakers, with discussions of Fed credit access and potential bankruptcy by Detroit Three noted.
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Beijing
China
EU Commission
Jose Barroso
U.S
John Dingell
Fed
Dingell
Congress
Detroit
General Motors Corp
Chrysler LLC
Ford Motor Co
Greenspan grilled on Capitol Hill over financial crisis
Former Fed chair Alan Greenspan faced sharp questions from Henry Waxman and House Oversight Committee members about regulatory missteps and the subprime mortgage meltdown. He blamed overeager investors alongside a century‑scale credit crisis, warned of further trouble, and acknowledged some fault while urging tougher regulation and better bank safeguards. He cited rising unemployment, housing instability, and ongoing bailout talks as context for his testimony.
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Congress
Alan Greenspan
Federal Reserve
Greenspan
House Oversight Committee
Fed
Wall Street
Capitol Hill
Henry Waxman
Goldman Sachs
Chrysler
Xerox
Senate
Treasury Department
Federal Deposit Insurance Corp
FDIC
Sheila Bair
House
Treasury
John Snow
Securities and Exchange Commission
Christopher Cox
Chertoff eyes renewed push on no match hiring rule
Homeland Security Secretary Michael Chertoff said he will try again to overcome a California judge’s objections to a proposal that would force employers to fire workers with no match between Social Security numbers and names. He noted added analysis of costs and anticipated opposition from groups like the U.S. Chamber of Commerce while defending enforcement as part of broader immigration reform.
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Washington, D.C
Homeland Security
Michael Chertoff
U.S
California
Chertoff
U.S. Chamber of Commerce
Chamber of Commerce
Angelo Amador
Chamber
Amador
Social Security Administration
Market in Review Highlights Mixed Trade on Key Stocks
A Thursday review notes modest gains in several large caps and continued turnover in mid caps. Investors focus on earnings guidance, with leadership from technology and energy sectors while volatility remains elevated amid macro uncertainty.
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Allstate Insurance Company
Dougherty Road
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NYSE
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