Morning Business Report: IRS to spend $80 billion budget on customer-service representatives

Jerome Powell, federal reserve chair, provides an update today on the economic outlook that details what central banks think about inflation.

The IRS plans to start spending its $80 billion budget by hiring people to answer the phone. The agency says better enforcement will take time, so they will use the money to hire customer-service representatives.

A new poll says most Americans oppose defunding the police. Mark 43, a leading cloud-based public safety software company says eighty-five percent said they believe the police have good intentions to serve and protect.