The financial world was fixated on Capitol Hill as Congress battled over the Bush administration's request for a $700 billion bailout of the banking industry. In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted almost no public attention.
But corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion.
A Quiet Windfall For U.S. Banks
The job market continues to show signs of cooling.U.S. employers added just 64,000 jobs in November,...
Meta will lay off roughly 600 employees within its artificial intelligence unit as the company looks...
