Peruvian authorities declared a state of emergency in the capital, Lima, on Sunday, October 29th, 2023, in response to the escalating violence linked to extortion. This drastic measure was implemented following the tragic assassination of renowned singer Paul Flores, who was gunned down by hitmen while traveling on a bus with his bandmates after a concert outside Lima.
While filing for a tax extension grants you an additional six months to complete and submit your tax return, it's crucial to remember that it does not extend the deadline for paying any taxes owed. This means that even if you file an extension, you are still obligated to pay your estimated taxes by the original April 15th deadline to avoid incurring penalties and interest charges.
More than 130 probationary employees fired from CISA last month will be reinstated on Monday following a court order, while the agency works to contact all affected individuals. The judge's order also applies to 18 other federal agencies, requiring the reinstatement of fired probationary employees by March 17th.
The Russell 2000, a stock index of small companies, has fallen over 18% since its peak in November 2016, and is now teetering on the brink of a bear market, defined as a 20% decline from its recent high. This decline is attributed to a climate of uncertainty created by escalating trade wars and mass federal layoffs, which have made it difficult for small businesses to operate and grow.
U.S. consumer sentiment has plummeted to a more than two-year low, with Americans increasingly pessimistic about the economic climate and fearing rejection for credit applications. This decline is attributed to uncertainty surrounding President Trump's economic policies and concerns about the impact of ongoing trade wars.