Wed, 19 Jun 2013 17:33:41 GMT

Wed, 19 Jun 2013 17:33:40 GMT

The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to a GOP senator. Sen. Chuck Grassley of Iowa says his office has learned that the IRS is executing an agreement with the employees' union on Wednesday to pay the bonuses. Grassley...

Wed, 19 Jun 2013 17:06:06 GMT

Stocks fluctuated on Wednesday, with global markets trading cautiously, as investors hesitated to jump in ahead of the Federal Reserve's all-important policy statement and Chairman Ben Bernanke's press briefing later in the day. "The press conference can be very important—this would be a good time to elicit some interesting information from the Fed Chairman," said Art Cashin, director of floo...

Wed, 19 Jun 2013 16:49:35 GMT

Wed, 19 Jun 2013 16:49:35 GMT