Feds: Kuwaiti company conspired to defraud US

By GREG BLUESTEIN, Associated Press Writer

ATLANTA – A Kuwaiti logistics company inflated prices and defrauded the U.S. government for contracts to feed American troops based in Iraq, Kuwait and Jordan, federal prosecutors said Monday.

Public Warehousing Co. has been charged with making false statements, submitting false claims and committing wire fraud, said acting U.S. Attorney Gentry Shelnutt.

The company, also known as Agility, has received more than $8.5 billion in food supply contracts. Federal prosecutors say its contract with the government is scheduled to expire in December 2010. Agility did not immediately return phone calls seeking comment.

Millions will have to repay part of tax credit

By Bob L : NEWS AS I SEE IT!

Report: Millions of couples, retirees may have to repay some of Obama tax credit

By Stephen Ohlemacher, Associated Press Writer
November 16, 2009

WASHINGTON (AP) — More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit.

Taxpayers are at risk if they have more than one job, are married and both spouses work, or receive Social Security benefits while also earning taxable wages, according to a report Monday by the Treasury Department’s inspector general for tax administration.