Airline Tax Question No Longer Up in the Air

Here’s the final chapter in the FAA shutdown that led to airline taxes not being collected for a couple of weeks. Congress reinstated the agency’s authority on Aug. 5, but plenty of confusion remained surrounding taxes not levied or not collected during that period. Were travelers who purchased their ticket prior to the shutdown but flew …

Why QE3 Wouldn’t Save the Economy

Updated Aug. 9, 9pm EDT

The Federal Reserve’s much awaited statement following its August meeting offered some solace to jittery investors. The FOMC said it would likely keep interest rates steady for the next two years, which bolstered the market after an initial negative reaction. But it committed nothing in the way of new funding …

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