By a vote of 74 to 25, the Senate approved the financial markets bailout bill tonight. Senators Barack Obama, John McCain and Joe Biden voted for it.
Now we await House action on Friday, where we’ll see if the revised bill and added tax break sweeteners are enough to help get a bailout OK from Representatives this time.
In the run up to that re-vote across Capitol Hill, the words of journalist Edward R. Murrow seem particularly appropriate: "Goodnight, and good luck."
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March 8, 2026
IRS Taxpayer Assistance Centers (TACs) don’t help with filing, but offer guidance on other federal…
Happy New Tax Year! Are you ready to file your 2025 tax return? I know, too early to ask. But Tax Day 2026 will be here before we realize it. The Internal Revenue Service deadline to file and pay any tax we owe is the regular April 15 date this year. It’s also Tax Day for most of the states that collect income taxes from their residents, which is most of the states! If that seems too far away right now, don’t worry. As is the case every tax season, the ol’ blog’s tips and other tax reminders should help all of us meet our state and federal responsibilities. Procrastinators also will want to keep an eye on the countdown clock just below. It tracks how much time we have until April’s Tax Day, just in case we put off our annual tax task until the absolutely final hours and decide we need to instead get an extension request into the IRS by that date. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)
Bruce
Going to need Luck, with the bailout going from 3 pages to over 400 pages.