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Merkel Partners Haggle Over $111 Billion Stimulus as Talks Slow

German Chancellor Angela Merkel’s effort to broker a compromise on a second stimulus package for Europe’s biggest economy is likely to drag into Wednesday, as the two sides in the ruling coalition struggle to bridge differences on a wide range of issues.

IRS Didn’t Get Timely Approval for $1.9 Million in Penalties

A Florida man failed to prove that nearly $25 million in transfers to him were gifts that he didn’t need to report as taxable income, but the IRS can’t collect any of the nearly $1.9 million it assessed in penalties because it didn’t approve the penalties in time, the U.S. Tax Court ruled.

Pelosi on Next Relief Bill, GOP Tax Proposals, Stimulus Oversight

May 07 -- House Speaker Nancy Pelosi, a Democrat from California, discusses plans for the next stimulus bill, disagreements with President Donald Trump and Republicans on payroll and capital gains taxes, and the need for urgency in providing another round of aid to Americans. She speaks with Bloomberg’s David Westin on “Balance of Power.”

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Podcasts

Colin Wilhelm on Next Covid-19 Relief Package with Bloomberg Radio

Accountants Must Forecast the Future, Pandemic or Not