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CSPAN2 IRS July 3, 2024

This house appropriation this House Appropriations subcommittee hearing on the 2025 budget is about two hours. [inaudible conversations] close a door please. Thank you. The subcommittee on Financial Services and general government will come to order. I would likee to welcome irs commissioner werfel, the first time youve appeared before the subcommittee will look for to discussing the irs fiscal year 2025 budget submission. This is also my first hearing as chairman of the subcommittee and im looking forward to conducting this oversight with the agencies under the subcommittee jurisdiction Whose Mission and backs the everyday lives of hardworking americans in my district and across the nation. Its my duty to ensure the agency including i was to not unfairly target americans and auditing their taxes, overseen to pr ....

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CSPAN IRS July 3, 2024

Like midco. Midco supports cspan along with these other television providers, giving you a front row seat to democracy. I. R. S. Commissioner Danny Wuerffel testified the agencys focus is on high income of individuals and businesses making over 400,000 a year, particularly those who have not paid their legally owed taxes. This house appropriation subcommittee hearing on the 2025 budget is about two hours. The subcommittee on Financial Services and federal government will come to order. I would like to welcome mr. Wuerffel, the first time you appeared and look forward to discussing the i. R. S. Fiscal year 2025 budget submission. This is also my first hearing as chairman of the subcommittee and looking forward to conducting this oversight with the agencies under the subcommittees jurisdiction Whose Mission impacts the ....

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CNBC Squawk July 3, 2024

Fed, the chair saying inflation is still too high. Weve got a big day for apple, which will report its earnings after the bell, this amid signs of an iphone slump and, of course, potential struggles in china were keeping an eye on shares of carvana. They are up as much as 40 in the premarket. Remember when that thing was close to bankruptcy . Well, this was a recordsetting quarter, and were going to talk with the ceo that will be next here on squawk on the street. Lets begin with the markets and the fed, the day after the chair delivered this message on rates. Its unlikely that the next policy rate move will be a hike. I would say its unlikely. You know, our policy focus is really what i just mentioned, which is how long to keep policy restrictive. Lot of takes today, jim bmp unequivocally dovish, you agree . Thats a hard one, because i think that b of a saying fomc meeting, wait and see. Fomc bias here, Morgan Stanley firm hold w ....

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CNBC Squawk July 3, 2024

Ahead of the open. Cloud sales growth accelerates the company also aims for spending more on a. I shares of starbucks under pressure theyre down after a decline in samestore sales it also slashed its forecast were going to be joined exclusive by starbucks ceo just a few minutes from now lets begin this new month for markets after ending a rough april with that selloff. Worst day since january 31st worst month since september 23. Some of it was because theres a belief that really, this happened in the last few hours yesterday that if the fed chief is asked the question, do you think that the next move should be increasing rates or decreasing rates, it puts him in a horrible bind . H what is he going to say . This was literally the narrative i heard yesterday as Interest Rates ticked up. You know that people are going to try to trap the chairman, but hes not easily trapped. No, hes not. Although youre not necessarily in favor of the ....

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CSPAN2 IRS July 3, 2024

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 suc ....

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