IRS offices around the country, like this one in Brooklyn, N.Y., have been closed since the partial government shutdown began two weeks ago. While the agency continues to cash checks from payees, refunds, audits and most other operations are suspended.
Tuesday, Oct. 15,is the filing deadline for the roughly 12 million Americans who received an extension on their 2012 taxes. And having 90 percent of its staff furloughed in the partial government shutdown doesn't mean the IRS doesn't want your money.
"The IRS is shut down, but the tax law is never shut down," says Joshua Blank, professor of tax practice and faculty director of New York University Law School's Graduate Tax Program.
Fitch Ratings, one of the big three credit ratings agencies, issued a warning shot today, saying that while it affirmed the United States' AAA credit rating, it was placing it on "rating watch negative."
In other words, it was placing the country's long-term credit rating under review for a potential downgrade.
Over the past few weeks, a debate has raged here in Washington about the U.S. food supply. The big question: Is the government shutdown making our food less safe. Since October 1st, both the FDA and the Centers for Disease Control and Prevention have had to furlough workers, and that includes some workers involved in the inspection of food processing plants and who monitor outbreaks of food-borne illness.
Originally published on Tue October 15, 2013 1:41 pm
By Emily Siner
The Brooks Brothers store on Madison Avenue in New York is planning to open a 15,000-square-foot restaurant next door.
Credit Stan Honda / AFP/Getty Images
Here's a way to stop hungry shoppers from leaving the store for dinner.
Brooks Brothers, the 195-year-old luxury apparel company, is looking to open a restaurant next summer next to its flagship store in Manhattan, a company spokesman tells NPR. The New York Postreports that the restaurant will be a steakhouse — a fitting culinary accompaniment for the purveyor of fine business suits for the moneyed set, we think.
This is TELL ME MORE from NPR News. I'm Michel Martin. You might've been hearing the name Malala Yousafzai. She is the Pakistani teenager who was shot at point-blank range by Taliban extremists a year ago because she dared to speak up about her desire to go to school. She has made a remarkable recovery. She is in the U.S. now. I spoke with her a few days ago and we'll bring you a portion of that conversation a little later in the program.
Angela Ahrendts is leaving her post as CEO of Burberry to head the online and retail division at Apple. She will become the first woman in the tech company's senior executive ranks.
Credit Mark Lennihan / AP
After going a year without a permanent executive in charge of its retail division, Apple said Tuesday morning that it is hiring Burberry CEO Angela Ahrendts as a senior vice president. She will be the first woman on Apple's team of senior executives.
A veteran of the fashion industry, Ahrendts, 53, is a native of New Palestine, Ind., who has headed Britain's Burberry since 2006. On Tuesday, the company reported total revenue of more than $1.64 billion in the six-month period that ended Sept. 30. Her tenure included a successful revamping of the company's online store.
With the debt ceiling deadline looming just two days away, Senate leaders say they're close to a deal that would reopen the government and avert default. Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell have been leading bipartisan talks on a way out of the deadlock. Even if a bipartisan agreement clears the Senate, it will likely be a hard sell to House Republicans.
Originally published on Tue October 15, 2013 5:08 am
Steve Inskeep talks to Jonathan Chait, a commentator for New York magazine about how liberals are viewing the current budget negotiations in Congress, and if they might be willing to compromise on a deal.