Author: Admin

WASHINGTON :U.S. Treasury Secretary Scott Bessent on Tuesday said the Trump administration has cut $2 billion from the IRS information technology budget without operational disruptions and intends to save hundreds of millions more by automating processing of paper forms.”Last year, the IRS spent approximately $450 million on paper processing with nearly 6,500 full-time staff dedicated to the task,” Bessent said in testimony before a U.S. House of Representatives Appropriations subcommittee hearing. “Through policy changes and automation, Treasury aims to reduce this expense to under $20 million by the end of President (Donald) Trump’s second term.”Savings so far have come from…

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Shipments of Chinese goods to the U.S. are plunging, auguring potential supply-chain disruptions that could empty store shelves as early as this summer, some experts have warned.As U.S. tariffs of up to 145% on Chinese imports take hold, supplies of a broad range of products could start to dwindle later this summer as back-to-school and holiday spending heat up. Experts warn that the sharp decline in trade activity could lead to COVID-19 pandemic-like shortages of products, including goods assembled in the U.S. or elsewhere that use materials or inputs from China. Many American retailers rushed to build up their inventories ahead…

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The Defense Department is moving ahead with its work to streamline how it certifies software for use by DOD agencies and components.In April, DOD’s acting chief information officer Katie Arrington gave a preview of the Software Fast-Track process being called SWIFT.A new request for information posted Friday seeks industry feedback on risk criteria, current capabilities and businesses practices.Responses are due May 20.SWIFT is part of Arrington’s effort to “blow up” the risk management assessment framework with the goal of speeding up software adoption, while still maintaining security standards.The RFI focuses on cybersecurity and supply chain risk management requirements. DOD wants industry to comment on their…

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Chris Fallica FOX Sports Wagering Expert “Bear Bets” are real wagers that Chris “The Bear” Fallica is actually making.People who have been following me know that, during football season, I have weekly picks on NFL and college football. But with both of those seasons behind us, I’m giving you some non-football futures wagers that I like.With that in mind, let’s dive into my picks for The Masters.Scottie Scheffler to win The MastersScheffler hasn’t won yet this year, but he’s got a couple of top-three finishes and is seeking his third win in four years. Do I like taking 9/2 on him?…

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NASHVILLE, Tenn. — Tennessee Gov. Bill Lee has vetoed his first bill since taking office in 2019, nixing a measure that would make it easier for a state board to deny parole.The Republican’s veto Monday eliminates the bill, though the GOP-supermajority Tennessee Legislature can override a veto with the same number of votes that were required to originally pass the bill.In his veto letter, Lee wrote that the legislation unwinds a key component of a 2021 law aimed at reducing recidivism named the Reentry Success Act. He said removing that provision would be a “step backwards from safer Tennessee communities.”…

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Capesize The Capesize market maintained a generally firm tone this week, supported by a tightening of tonnage in both the Pacific and North Atlantic, alongside a steady flow of cargo. In the Pacific, early-week momentum was driven by active miners on the C5 route and healthy operator volumes, while a notably shorter tonnage list helped sustain sentiment despite some mid-week stagnation and a holiday-induced slowdown on Thursday. Rates on C5 hovered around the $8.00 mark, although fixing volumes tapered off later in the week. On the South Brazil and West Africa to China routes, the market held relatively stable, though the…

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Cancer is a crafty foe, not least because traces often remain after surgery and can trigger a relapse later on. Now a new technology to fight those dangerous leftovers – a cold atmospheric plasma system – has been approved for human clinical trials by the US Food and Drug Administration (FDA).While plasma is arguably the state of matter most of us are the least familiar with, it’s thought to be the most common form of ordinary matter in the universe. Most of the time it’s extremely hot – just look at stars, for example – but when made for use…

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