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TOKYO World finance leaders endorsed on Saturday a checklist of policy reforms aimed at defusing debt troubles in Europe and the United States and promised to review progress in six months as they tried to revive a flagging economic recovery. The 10-page global policy agenda, however, largely summarized previously planned steps, such as deploying the European Central Bank’s bond-buying program and resolving the U.S. “fiscal cliff” of automatic spending cuts and tax increases that go into effect early next year unless Congress acts. The checklist and the six-month checkup are designed to hold countries accountable for following through on their [...]

Boeing Co’s engineers and technical workers rejected a contract offer late Monday, setting the stage for talks to resume Tuesday for labor agreements covering 23,000 workers. The Society of Professional Engineering Employees in Aerospace said 95.5 percent of engineers and 97.1 percent of technicians voted against the contract, sending their bargaining teams back to the negotiating table. (Reporting by Alwyn Scott; Editing by Mark Potter)

There are many tax benefits and credits that military members should be aware of and use. On Sept. 6, Tax Tips For Armed Forces Personnel covered many aspects of tax law, and here are some more tax tips for those of you in the military. Military retirement pay is taxable compensation and must be included with other sources of pension income on line 16a and 16b or on lines 12a and 12B of Form 1040. The part of your retirement benefit that goes towards a survivor annuity for your spouse or children under the Retired Serviceman’s Family Protection Plan or [...]

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