Money

California weighing proposal that could double its taxes

California lawmakers unveiled a new bill at the beginning of the year that would establish a single-payer health care system – an ambitious plan that would be funded by nearly doubling the state's already-high taxes.

Key IRS tax deadlines that Americans need to know

The Internal Revenue Service will kick off the 2022 tax season this month, although it's already warning taxpayers to brace for delays as the agency wrestles with a massive pileup of unprocessed returns accrued during the pandemic.

Prosecutors recommend dropping charges against MIT professor

Federal prosecutors are recommending dropping charges against a Massachusetts Institute of Technology professor who was accused last year of hiding work he did for the Chinese government while also collecting U.S. dollars for his nanotechnology research, a person familiar with the decision said Friday.