
H&R Block and Intuit drop on a report that Elon Musk's DOGE may develop a new tax-filing app
CBSN
H&R Block and Intuit shares dropped on Tuesday after the Washington Post reported that President-elect Donald Trump's Department of Government Efficiency, which is run by billionaires Elon Musk and Vivek Ramaswamy, is looking at developing a free app for people to file their taxes.
The publication cited two people, who spoke on the condition of anonymity, in reporting that the leaders of the incoming administration's DOGE discussed the idea of crafting a mobile app to file income tax returns with the Internal Revenue Service.
H&R Block shares tumbled 8.2%, while Intuit shed 5.1% on Tuesday. As the dominant players in tax preparation, H&R Block and Intuit, the maker of TurboTax, generate billions in revenue annually by offering online and in-person services.

Washington — President Trump on Friday urged Iran to "make a deal, before there is nothing left" after Israel launched preemptive strikes on Iranian nuclear facilities, senior military leaders and research scientists, the opening attacks in what Israeli officials said is part of a major operation against Iran.

Kilmar Abrego Garcia, the Salvadoran man who was wrongly deported and then returned to the United States to face federal prosecution, will appear in a Nashville courtroom Friday for his arraignment after he was charged with participating in a yearslong conspiracy to traffic undocumented migrants into the country.

The Republicans' "big beautiful" budget package is aimed at ushering in "a new golden age in America" through a combination of tax and spending cuts, according to House Speaker Mike Johnson. But a new analysis from the nonpartisan Congressional Budget Office finds that the bill may prove less golden for some Americans.