Testifies the 2024 tax Filing Season and President Biden 2025 budget request for the agency. During the hearing the commission from the Senate Finance committee and irs efforts in improving Taxpayer Services. [background noises] finest commando come to order. Today, the Committee Meets to discuss irs budget and tax Filing Season was closed yesterday. I want to thank commissioner for being here on a very busy time for everybody at the agency. There are lots of issues to discuss. One that is certainly important to the American People direct file. Anyone who denies the direct file pilot was a huge success,re my guess is you are living in another universe but its open to a fairly small percentage of taxpayers but the reviews i got from its initial users were overwhelmingly positive. It seems like a whole lot of people were very stunned that a federal agency, particularly one as frequently vilified as the irs was able to build a helpful website that works. The tens of thousands of taxpayers
This committee will come to order. This morning we will hear testimony from Richard Smith, former chairman and chief executive officer of equifax who held those positions until last week. I understand that you are now serving as an unpaid adviser to the company and appreciate your willingness to testify here and appear about the events surrounding the breach and equifaxs response while you were leading the company. Given the severity of the data breach, congress will continue to examine the facts behind it and what can be done to prevent similar situations. Sign r security is one of the most pressing issues facing companies as well as consumers and governments alike. And is one of the biggest threats to our financial system. The amount of data that the private industry and government collect and store is very concerning. Theres intrinsic vulnerability in collecting information and we e need to have a meaningful discussion on how to protect and limit access to it. The Banking Committee
Executive officer of equifax who held those positions until last week. I understand that youre now serving as an unpaid adviser to the company and appreciate your willingness to testify here and appear and testify about the events surrounding the brief and equifaxs response while you were leading the company. Congress will continue to examine the facts. Cybersecurity is one of the most important issues facing companies as well as consumers and government alike and is one of the biggest threats to our Financial System. The amount of data that the private industry and government collect and store is very concerning. There is intrinsic vulnerability in collecting and storing personal Financial Information, and we need to have a meaningful discussion on how to protect and limit access to it. The Banking Committee takes its oversight of Credit Bureaus seriously. As they are Financial Institutions under the grand leach bliley act. Credit bureaus serve a critical function in our Financial Sys
Feet plus in one day. Our life, right now as we know it, is hell darya its unclear when repairs will begin. But heavy machinery is parked in the area and crews were out surveying the creek yesterday. mark still ahead on the kron four morning news. An outbreak of yellow fever in brazil is raising concerns in the us this morning. Well tell you about the warning for travelers. advance and a man is behind bars for posing as justin beiber. And talking to little girls. Well tell you the charges hes facing. And the Warning Police have for parents this morning. advance plus. Some relief as many people are filing their taxes right now. The irs says they are doing a better job at catching Identity Theft. Well tell you about the changes they made coming up. In the Weather Center with rebecca tracking the forecast. rebecca dry weather conditions along with temperatures above seasonal averages will persist through the upcoming weekend and potentially into early next week. A live look outside right
On the stores website, a brief note. We will be closed thursday due to theft. Neighbors say they are eager for them to reopen. Police officers are here, and its more production. We like them. They are great, great neighbors. Fantastic. There was also a surveillance camera out here that caught these guys in their getaway vehicle, but the camera out here was nowhere near as good as the one inside this store. The only thing that police could make out was that it was a lightcolored fourdoor sedan. All right, bruce. Showing video. Police offering a reward of up to 10 grand. They do not want those guns in the hands of criminals. We now know more about the woman who survived a vicious fox attack monday in fairfax county. She worked as an editor at usa today for decades. Her husband said she may have died if not for the quick thinking of her neighbors. Reporter blocks away from a hospital, he has not left his wifes side since she was attacked by a rabid fox monday near their home. Its amazing