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IRS proposal would force nonprofits to disclose fraud or terrorism convictions of leaders

Washington — The Trump administration is weighing a proposal to require nonprofits to disclose in their annual tax filings whether their top officials have been convicted of certain financial or terrorism-related crimes, sources with direct knowledge of the matter told CBS News. The IRS disclosure requirement would be added to the Form 990, the annual…

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Rescuers search for survivors as Indonesian 7.7 quake death toll rises to 47 – World

Rescuers combed through debris for survivors on Saturday after a powerful earthquake struck off Indonesia’s eastern Flores island, killing at least 47 people, according to disaster officials. The national disaster management agency (BNPB) raised the death toll from 40 late on Saturday, while rescue official Fathur Rahman said 50 people were injured in the 7.7-magnitude…

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The Fed was expected to hike interest rates in September. Don’t bet on that now, economists say.

What a difference a day can make for monetary policy.  On Thursday, interest rate futures were decidedly tilted toward the Federal Reserve hiking its benchmark rate in September, according to CME FedWatch, which tracks traders to forecast the central bank’s policy decisions. But after Friday morning’s dismal July jobs report, which showed that employers unexpectedly…

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Feds could scrap rules requiring airlines to disclose airfares in full

Shopping for plane tickets and comparing airfares across carriers could become more complicated if a Department of Transportation proposal to change current regulations moves forward, according to aviation industry experts.  An existing federal rule requires airlines to show consumers the total ticket price, including the fare plus taxes and fees, more prominently than individual ticket…

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