WASHINGTON, Oct. 7 -- Rep. Jason Smith, R-Missouri, chairman of the House Ways and Means Committee, issued the following news release on Oct. 6, 2025: * * * Chairman Smith Calls On IRS to Crack Down on Tax-Exempt Groups Tied to Terrorism & Political Violence Today, Ways and Means Committee Chairman Jason Smith (MO-08) is calling on the Internal Revenue Service (IRS) to revoke the tax-exempt status of multiple organizations previously referred by the Ways and Means Committee for failing to ope  more

WASHINGTON, Oct. 6 -- Rep. Emanuel Cleaver, D-Missouri, issued the following news release: * * * Congressman Cleaver Shares Resources for Federal Workers, FAQs for Missourians Harmed by Latest Republican Shutdown * (Kansas City, MO) - Today, U.S. Representative Emanuel Cleaver, II (D-MO) shared a webpage with resources to assist federal workers and contractors impacted by the latest Republican shutdown, including the more than 30,000 that reside in Missouri's Fifth Congressional District. Th  more

ST. LOUIS, Missouri, Oct. 6 (TNSLrpt) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2025-026) on Seotember 30, 2025, by Paulina Restrepo-Echavarria and Anton Cheremukhin entitled "An Information-based Theory of Monopsony Power." Here are excerpts: * * * We develop a tractable model of monopsony power based on information frictions in job search. Workers and firms choose probabilistic search strategies, with information costs limiting how precisely they can tar  more

ST. LOUIS, Missouri, Oct. 6 (TNSLrpt) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2025-027) on October 1, 2025, by Ana Maria Santacreu, Alexandre Gaillard, Francois de Soyres, and Florencia Airaudo entitled "Recent Evolutions in the Global Trade System: From Integration to Strategic Realignment." Here are excerpts: * * * This paper analyzes recent structural transformations in the global economic system, emphasizing the increasing geopolitical fragmentation   more

WASHINGTON, Oct. 7 -- The Internal Revenue Service issued the following notice (No. 2025-52) on Oct. 6, 2025, entitled "Extension of Replacement Period for Livestock Sold on Account of Drought". * * * SECTION 1. PURPOSE This notice provides guidance regarding an extension of the replacement period under Sec. 1033(e) of the Internal Revenue Code for livestock sold on account of drought in specified counties. SECTION 2. BACKGROUND .01 Nonrecognition of Gain on Involuntary Conversion of Livest  more