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Immigrant Investor Program Succeeds In Vermont

A development project in a remote area of Northeast Vermont is one of the largest in the country to bring in funds using the federal EB-5 immigrant investor program. It allows qualified foreigners who invest $500,000, and create at least 10 American jobs, to get green cards
NPR

Oil Drilling Rig Runs Aground In Alaska

An oil drilling rig holding more than 150,000 gallons of diesel, lubricating oil and hydraulic fluid has run aground near Kodiak Island in the Gulf of Alaska, after it was being towed during a storm. The crew was evacuated before the rig was incapacitated.
NPR

Congress Extends Earned Income Tax Credit

The 'fiscal cliff' deal passed by both houses of Congress provides a five-year extension of the earned income tax credit — an important one for lower income families. It also extended the child tax credit.
NPR

What Was Left Out Of 'Fiscal Cliff' Compromise?

Now that the nation has moved away from the "fiscal cliff," what's the next drama policymakers have in store? Nothing has been done with entitlements and spending cuts were delayed.
NPR

Financial Markets Cheer 'Fiscal Cliff' News

Wall Street is joining a global rally. Though lawmakers didn't address all the issues, they did head off scheduled tax hikes and spending cuts.
NPR

Inside The Fiscal Cliff Budget Compromise Bill: Tax Cuts and Tax Hikes

The Senate-approved budget compromise that is meant to allow the U.S. government to avoid higher tax rates and austere budget cuts has tax rates as its central issue. We list some of the bill's effects, from tax credits to rising rates.

NPR

Ball In Boehner's Court After Senate Approves Fiscal Cliff Deal

In the wee hours of New Year's Day, the Senate voted 89-8 to approve a compromise deal on the "fiscal cliff." The measure now goes to the House for a vote that could take place as soon as Tuesday.
NPR

Justice Wants Banks To Be Quasi Cops

The Bank Secrecy Act requires financial institutions to be on the lookout for sketchy transactions. The law is 40 years old, but federal prosecutors just recently put more energy into enforcing it. They want banks to spot illegal transactions and blow the whistle before money changes hands.

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