Regulator warns that JOBS Act carries risks for investors
A top financial regulator is warning the Senate that popular legislation aimed at boosting small businesses might be doing so by endangering investors.
The Jumpstart Our Business Startups (JOBS) Act has been billed as a way to let small, growing businesses avoid certain regulatory requirements and make it easier to line up capital. However, Securities and Exchange Commission (SEC) Chairwoman Mary Schapiro is worried what the bill might mean for investors, sending a lengthy letter this week to leaders of the Senate Banking Committee detailing a variety of concerns. More...
CBO: Health law could cause as many as 20 million to lose employer coverage
As many as 20 million Americans could lose their employer-provided coverage because of President Obama's healthcare reform law, the nonpartisan Congressional Budget Office said in a new report Thursday.
The figure represents the worst-case scenario, CBO says, and the law could just as well increase the number of people with employer-based coverage by 3 million in 2019. More...
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Consumer prices up by most in 10 months thanks to gasoline
Rising pump prices helped drive up costs for consumers to their highest in 10 months in February, government data showed on Friday. There was little evidence that underlying inflation was building, however. More...
Avoid These 3 Common Tax Mistakes
A new survey asks accountants to name the most common errors small business owners make when filing taxes. Here's what you need to know this tax season. More...
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