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CSC gets small refund in settlement of IRS audit
FALLS CHURCH, Va. (AP) -- Computer Sciences Corp. said Tuesday it reached a settlement with the Internal Revenue Service that will result in a nominal $370 million tax refund for the company.
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Clinton urges protections for taxpayers in bailout
WASHINGTON (AP) -- Sen. Hillary Rodham Clinton said Tuesday she worries that taxpayers could be left "holding the bag" with plans for a $700 billion government program to stabilize the country's distressed financial markets.
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Illinois Senate OKs much-disputed ethics measure
SPRINGFIELD, Ill. (AP) -- The Illinois Senate has created restrictions on political fundraising in one of the state's more fundamental post-Watergate campaign finance reforms.
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ALL BUSINESS: Transparency key to bailout success
NEW YORK (AP) -- If the U.S. government wants to use taxpayer dollars to get financial markets functioning smoothly again, then it better be prepared to let Americans see exactly how this effort is going to work.
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Schwarzenegger signs Calif. budget 85 days late
SACRAMENTO, Calif. (AP) -- Gov. Arnold Schwarzenegger signed the most overdue state budget in California history Tuesday, skipping the usual fanfare because he said the Legislature's efforts on the $144.5 billion spending plan were nothing to celebrate.
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Analysis: Administration plan will be hard sell
WASHINGTON (AP) -- The biggest government bailout in history may eventually win congressional approval but not easily, not without changes and not before lawmakers are finished venting what they call the frustrations of ordinary Americans over Wall Street greed and bad judgment.
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Biden: McCain shielded offshore tax loopholes
WOODBRIDGE, Va. (AP) -- Democratic vice presidential candidate Joe Biden said Republican John McCain protected offshore tax shelters worth billions of dollars to U.S. insurance giants.
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Michigan awards GM $130 million in tax incentives
NEW YORK (AP) -- Michigan officials said they approved more than $130 million in tax incentives Tuesday to encourage General Motors Corp. to build a new plant in Flint and upgrade four other facilities in the state.
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