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Money

A sign for the Internal Revenue Service
NPR
Government
National
Personal Finance

The IRS is assigning more workers to deal with a huge backlog of tax returns

Smaller budgets, fewer employees and increased duties have led to taxpayer frustration this filing season. The IRS is establishing a "surge team" to help with the backlog.

4 years ago

Susan DeFrance retired two years ago and moved to a mobile home park on the ocean to cut expenses. Now with inflation, she's worried about outliving her savings. (Susan DeFrance)
NPR
Economy
National

Inflation has many retirees worried about outliving their savings

The highest inflation since the 1980s has many retirees scared. Their retirement nest eggs will be in peril if it persists over the long term.

4 years ago

The exterior of the U.S. Mint
Business
Philadelphia
Billy Penn

Philly is poised to become the first U.S. city to run its own bank

Supporters say public banking will boost Black and brown businesses and spur investment in disadvantaged areas.

4 years ago

A worker selects avocados at a packing plant in Uruapan, Mexico, Wednesday, Feb. 16, 2022. Mexico has acknowledged that the U.S. government has suspended all imports of Mexican avocados after a U.S. plant safety inspector in Mexico received a threat
NPR
Business
Food & Drink
International

Why we’ll probably see avocado prices rise soon in the U.S.

Earlier this week, the U.S. Department of Agriculture put a temporary suspension on avocados from Mexico after an inspector received a threat. Experts say it might lead to a c

4 years ago

An aerial image shows storage tanks at the Chevron Products Company El Segundo Refinery
NPR
Business
Environment

Accusations of ‘greenwashing’ by big oil companies are well-founded, a new study finds

Chevron, ExxonMobil, BP and Shell used terms like "climate" and "low-carbon" more frequently in annual reports, but their actions on clean energy didn't match their words.

4 years ago

A selection of beef cuts is displayed at a Publix Supermarket, Wednesday, Oct. 20, 2021, in Miami. Prices paid by U.S. consumers jumped in December 2021 compared to a year earlier, the latest evidence that rising costs for food, gas, rent and other necessities are heightening the financial pressures on America's households. (AP Photo/Marta Lavandier)
Radio Times
Economy
Taxes

The economy is strong, but inflation drags on

Philadelphia Fed President Patrick Harker and Moody's Analytics' Mark Zandi discuss inflation and why many measures of the American economy are looking bright.

Air Date: February 16, 2022 10:00 am

Listen 49:00
A woman walks next to a
NPR
Housing
Income Inequality
National

It’s not just home prices. Rents rise sharply across the U.S.

Renting a place to live is getting a lot more expensive, according to a survey that tracks rental listings across the biggest 50 U.S. cities.

4 years ago

Rowhouses at 33rd and Huntingdon streets
Income Inequality
Philadelphia

Philly extends freeze on residential water shutoffs, offers virtual utility fairs

PWD and PECO will host virtual seminars through February and March to help customers get started with applications for assistance.

4 years ago

Pete Ciarrochi speaks during a press conference
Business
Pennsylvania
Sports

Parx Race and Sportsbook opens first licensed sports betting outlet in Chester County

Ahead of the Super Bowl, Greenwood Racing cuts the ribbon on its new Parx Race and Sportsbook location inside Chickie's and Pete's Malvern.

4 years ago

A view of the Philadelphia skyline from the 52nd Street station on the Market-Frankford elevated line in West Philadelphia. (Emma Lee/WHYY)
Business
Economy
Philadelphia

Philadelphia underperforms national economy, according to Pew report

Philadelphia’s economy has been hit hard by the pandemic, a new Pew Charitable Trusts study finds.

4 years ago

The outside of an IRS building, surrounded by caution tape.
NPR
Government
Technology

Want information from the IRS? For some, the agency wants a selfie

Taxpayers seeking access to some information about their taxes will be required to submit to facial recognition software, a move that has raised privacy concerns.

4 years ago

A shopper pays cash for sales merchandise on Dec. 26, 2000 in Austin, Texas. The Federal Reserve is considering whether to adopt a digital version of the dollar, in what would amount to a fundamental rethink of our national currency. (Joe Raedle/Getty Images)
NPR
Economy
Income Inequality

The U.S. is considering a radical rethinking of the dollar for today’s digital world

The U.S. is gingerly considering whether to adopt a digital version of its currency, one better suited for today's increasingly cashless world.

4 years ago

The Philly skyline
Business
Philadelphia
Race & Ethnicity
Billy Penn

How local Black and brown companies can score big contracts with Philly’s biggest institutions

Tips from the pros include networking, streamlining pitches, and getting the right insurance — which a new fund will help provide.

4 years ago

Philadelphia's Center City skyline
Income Inequality
Personal Finance
Philadelphia

Philly to pilot a guaranteed income experiment, giving cash to some needy residents

As early as March, Philadelphia will start giving up to 60 people $500 a month, for at least 12 months.

4 years ago

A Starbucks sign
Business
Employment
Philadelphia

Two Starbucks locations in Philadelphia file petitions to unionize

The Philly workers join a wave of others attempting to unionize the national coffee chain’s shops as the pandemic economy has bolstered organizing efforts.

4 years ago

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